Teacher Retirement System of Texas boosted its position in shares of SM Energy Co. (NYSE:SM) by 11.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 9,305 shares of the energy company’s stock after buying an additional 993 shares during the period. Teacher Retirement System of Texas’ holdings in SM Energy were worth $251,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Nuveen Asset Management LLC boosted its stake in shares of SM Energy by 211.2% in the first quarter. Nuveen Asset Management LLC now owns 85,786 shares of the energy company’s stock worth $1,608,000 after buying an additional 58,222 shares during the period. HBK Investments L P boosted its stake in shares of SM Energy by 560.3% in the first quarter. HBK Investments L P now owns 876,907 shares of the energy company’s stock worth $16,433,000 after buying an additional 744,107 shares during the period. Riverhead Capital Management LLC boosted its stake in shares of SM Energy by 352.3% in the first quarter. Riverhead Capital Management LLC now owns 580,833 shares of the energy company’s stock worth $10,885,000 after buying an additional 452,423 shares during the period. UBS Asset Management Americas Inc. boosted its stake in shares of SM Energy by 208.9% in the first quarter. UBS Asset Management Americas Inc. now owns 1,236,903 shares of the energy company’s stock valued at $23,180,000 after buying an additional 836,534 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of SM Energy by 14.0% in the first quarter. State Street Corp now owns 3,778,006 shares of the energy company’s stock valued at $70,795,000 after buying an additional 464,526 shares during the last quarter. Institutional investors and hedge funds own 82.83% of the company’s stock.
SM Energy Co. (NYSE:SM) opened at 38.72 on Tuesday. SM Energy Co. has a 12-month low of $6.99 and a 12-month high of $42.33. The company’s market capitalization is $2.65 billion. The company’s 50 day moving average price is $37.27 and its 200-day moving average price is $30.81.
SM Energy (NYSE:SM) last issued its quarterly earnings data on Tuesday, August 2nd. The energy company reported ($0.44) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.71) by $0.27. The business had revenue of $341.80 million for the quarter, compared to analyst estimates of $328.18 million. SM Energy had a negative return on equity of 9.92% and a negative net margin of 73.55%. SM Energy’s quarterly revenue was down 33.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS. Equities analysts forecast that SM Energy Co. will post ($2.38) earnings per share for the current fiscal year.
The company also recently disclosed a semiannual dividend, which will be paid on Wednesday, November 2nd. Investors of record on Friday, October 21st will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, October 19th. This represents a yield of 0.29%. SM Energy’s dividend payout ratio is currently -0.80%.
Several brokerages have recently commented on SM. Capital One Financial Corp. upgraded SM Energy from an “equal weight” rating to an “overweight” rating in a report on Tuesday. Cantor Fitzgerald restated a “hold” rating and set a $24.00 target price on shares of SM Energy in a report on Wednesday, August 3rd. Scotiabank upgraded SM Energy from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $35.00 to $48.00 in a report on Tuesday, October 4th. Mitsubishi UFJ Financial Group upgraded SM Energy from an “underweight” rating to a “neutral” rating and set a $36.00 target price on the stock in a report on Tuesday, August 23rd. Finally, Barclays PLC increased their target price on SM Energy from $32.00 to $40.00 and gave the stock an “overweight” rating in a report on Thursday, August 4th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the stock. SM Energy currently has an average rating of “Hold” and an average target price of $33.52.
In related news, SVP Kenneth J. Knott sold 661 shares of the business’s stock in a transaction on Thursday, September 29th. The stock was sold at an average price of $40.00, for a total transaction of $26,440.00. Following the sale, the senior vice president now owns 43,417 shares in the company, valued at approximately $1,736,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.70% of the company’s stock.
SM Energy Company Profile
SM Energy Company is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas and natural gas liquids (NGLs) in onshore North America. The Company operates in the exploration and production segment of the oil and gas industry within the United States.