Texas Permanent School Fund Corp lessened its stake in shares of SM Energy (NYSE:SM – Free Report) by 1.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 101,259 shares of the energy company’s stock after selling 1,323 shares during the period. Texas Permanent School Fund Corp owned 0.09% of SM Energy worth $5,048,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also modified their holdings of the stock. Register Financial Advisors LLC purchased a new stake in SM Energy in the 1st quarter valued at about $25,000. Hexagon Capital Partners LLC grew its position in SM Energy by 509.7% in the 1st quarter. Hexagon Capital Partners LLC now owns 567 shares of the energy company’s stock valued at $28,000 after acquiring an additional 474 shares in the last quarter. Lindbrook Capital LLC grew its position in SM Energy by 54.9% in the 1st quarter. Lindbrook Capital LLC now owns 581 shares of the energy company’s stock valued at $29,000 after acquiring an additional 206 shares in the last quarter. Global Retirement Partners LLC grew its position in SM Energy by 665.6% in the 1st quarter. Global Retirement Partners LLC now owns 689 shares of the energy company’s stock valued at $34,000 after acquiring an additional 599 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in SM Energy in the 4th quarter valued at about $41,000. Hedge funds and other institutional investors own 94.56% of the company’s stock.
SM Energy Stock Performance
Shares of SM opened at $44.93 on Friday. The stock has a 50 day moving average price of $47.52 and a 200 day moving average price of $44.79. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 7.04 and a beta of 4.20. SM Energy has a 52-week low of $32.21 and a 52-week high of $53.26.
SM Energy (NYSE:SM – Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The energy company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.13. The firm had revenue of $559.87 million during the quarter, compared to the consensus estimate of $568.21 million. SM Energy had a return on equity of 20.10% and a net margin of 31.80%. Research analysts predict that SM Energy will post 7.15 EPS for the current fiscal year.
SM Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 5th. Shareholders of record on Friday, July 19th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Friday, July 19th. SM Energy’s dividend payout ratio is currently 11.29%.
Insider Buying and Selling at SM Energy
In other SM Energy news, SVP Kenneth J. Knott sold 16,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $50.28, for a total value of $804,480.00. Following the completion of the sale, the senior vice president now owns 114,495 shares in the company, valued at $5,756,808.60. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.50% of the stock is owned by company insiders.
Analyst Ratings Changes
Several research firms have weighed in on SM. JPMorgan Chase & Co. lifted their target price on SM Energy from $49.00 to $54.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. KeyCorp boosted their price objective on SM Energy from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Truist Financial lowered their price objective on SM Energy from $51.00 to $49.00 and set a “hold” rating for the company in a research report on Monday, July 1st. Susquehanna boosted their price objective on SM Energy from $42.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Finally, Wells Fargo & Company boosted their price objective on SM Energy from $45.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 18th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, SM Energy presently has an average rating of “Moderate Buy” and an average target price of $54.89.
Check Out Our Latest Report on SM Energy
About SM Energy
SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. It has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.
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