Thrivent Financial for Lutherans Grows Position in Antero Midstream Corporation $AM

Thrivent Financial for Lutherans raised its stake in shares of Antero Midstream Corporation (NYSE:AM) by 41.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 733,861 shares of the pipeline company’s stock after purchasing an additional 216,416 shares during the period. Thrivent Financial for Lutherans’ holdings in Antero Midstream were worth $13,056,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Antero Midstream by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 37,213,184 shares of the pipeline company’s stock valued at $723,424,000 after buying an additional 124,102 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Antero Midstream by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 9,224,028 shares of the pipeline company’s stock worth $179,316,000 after buying an additional 71,606 shares during the period. Bank of New York Mellon Corp raised its position in shares of Antero Midstream by 22.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,848,461 shares of the pipeline company’s stock worth $152,574,000 after buying an additional 1,430,138 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Antero Midstream by 56.6% in the first quarter. Goldman Sachs Group Inc. now owns 3,874,379 shares of the pipeline company’s stock valued at $69,739,000 after acquiring an additional 1,400,368 shares during the last quarter. Finally, Kayne Anderson Capital Advisors LP boosted its holdings in Antero Midstream by 27.5% in the third quarter. Kayne Anderson Capital Advisors LP now owns 3,602,274 shares of the pipeline company’s stock valued at $70,028,000 after acquiring an additional 776,851 shares during the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Insider Buying and Selling

In other Antero Midstream news, insider Sheri Pearce sold 14,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $22.76, for a total value of $318,640.00. Following the completion of the transaction, the insider owned 99,900 shares in the company, valued at $2,273,724. This represents a 12.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brooks J. Klimley sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $23.16, for a total transaction of $115,800.00. Following the completion of the sale, the director directly owned 69,680 shares of the company’s stock, valued at $1,613,788.80. This trade represents a 6.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 213,269 shares of company stock valued at $4,713,681. Insiders own 0.86% of the company’s stock.

Antero Midstream Stock Up 1.3%

Shares of NYSE AM opened at $22.28 on Tuesday. Antero Midstream Corporation has a 12-month low of $16.77 and a 12-month high of $23.83. The company has a market cap of $10.58 billion, a P/E ratio of 25.90 and a beta of 0.68. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.89. The stock has a fifty day moving average price of $22.19 and a 200 day moving average price of $19.95.

Antero Midstream (NYSE:AM) last issued its quarterly earnings data on Wednesday, April 29th. The pipeline company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Antero Midstream had a return on equity of 20.38% and a net margin of 33.90%.The company had revenue of $314.21 million for the quarter, compared to analyst estimates of $311.30 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Research analysts anticipate that Antero Midstream Corporation will post 1.14 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Wednesday, April 29th were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, April 29th. This represents a $0.90 annualized dividend and a yield of 4.0%. Antero Midstream’s payout ratio is 104.65%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. UBS Group upped their price target on Antero Midstream from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 25th. Wells Fargo & Company lifted their price objective on Antero Midstream from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Friday, March 13th. The Goldman Sachs Group boosted their target price on Antero Midstream from $18.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, February 24th. Zacks Research downgraded shares of Antero Midstream from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings upgraded shares of Antero Midstream from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $24.00.

Antero Midstream Profile

Antero Midstream Corporation is a publicly traded midstream service provider that was established in 2014 as a spin-off from Antero Resources. Headquartered in Denver, Colorado, the company owns, operates and develops midstream infrastructure to support the gathering, compression, processing, transportation and storage of natural gas, natural gas liquids (NGLs) and crude oil. Antero Midstream plays a critical role in connecting upstream production in the Appalachian Basin to end-market pipelines and processing facilities.

The company’s core operations include a network of gathering pipelines and compression stations that serve the Marcellus and Utica shale formations across West Virginia, Pennsylvania and Ohio.