Archrock, Inc. (NYSE:AROC) is among the under-the-radar dividend stocks benefiting from AI. During the first quarter, Strs Ohio purchased a new stake in Archrock, Inc. (NYSE:AROC) through the acquisition of 13,100 shares of the company’s stock. According to the recent disclosure with the SEC, the firm’s investment in the company amounts to approximately $344,000.
Despite political uncertainty, Archrock, Inc. serves as one of the most compelling yet often overlooked investment opportunities. While the market delivered three-year and five-year returns of 85.85% and 98.15%, respectively, the company delivered 364.85% and 536.92%, respectively. These comparative statistics paint an overall positive picture of the company.
Earlier this month, Archrock, Inc. was issued an ‘Overweight’ rating at Wells Fargo. The research firm believes that the company is in a good position to benefit from growing U.S. natural gas supply stemming from LNG, surging AI data center power demand, and the manufacturing of onshoring. One thing is certain: the company is poised to benefit as AI and technology gain traction.
Archrock, Inc. is a Texas-based energy infrastructure company operating through two segments: Contract Operations and Aftermarket Services. Incorporated in 1990, the company aims to power a cleaner world.
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