Alyeska Investment Group L.P. bought a new position in SM Energy Company (NYSE:SM - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 522,974 shares of the energy company's stock, valued at approximately $15,663,000. Alyeska Investment Group L.P. owned about 0.46% of SM Energy as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Royal Bank of Canada grew its holdings in shares of SM Energy by 27.7% in the first quarter. Royal Bank of Canada now owns 91,916 shares of the energy company's stock valued at $2,753,000 after purchasing an additional 19,965 shares during the period. Energy Income Partners LLC boosted its holdings in SM Energy by 2.8% in the 1st quarter. Energy Income Partners LLC now owns 40,749 shares of the energy company's stock valued at $1,220,000 after purchasing an additional 1,116 shares during the last quarter. DRW Securities LLC acquired a new position in SM Energy in the 1st quarter valued at about $1,084,000. Baird Financial Group Inc. grew its stake in shares of SM Energy by 0.7% in the 1st quarter. Baird Financial Group Inc. now owns 388,639 shares of the energy company's stock valued at $11,640,000 after buying an additional 2,572 shares during the period. Finally, Panagora Asset Management Inc. increased its holdings in shares of SM Energy by 38.4% during the 1st quarter. Panagora Asset Management Inc. now owns 461,618 shares of the energy company's stock worth $13,825,000 after buying an additional 128,026 shares during the last quarter. Hedge funds and other institutional investors own 94.56% of the company's stock.
Analyst Ratings Changes
SM has been the topic of a number of recent analyst reports. TD Cowen upgraded SM Energy to a "strong-buy" rating in a report on Monday, July 7th. Raymond James Financial downgraded SM Energy from an "outperform" rating to an "underperform" rating in a research report on Tuesday, June 24th. Wells Fargo & Company lowered their price target on SM Energy from $33.00 to $29.00 and set an "equal weight" rating for the company in a report on Monday, June 16th. Susquehanna raised their price objective on SM Energy from $24.00 to $27.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Mizuho boosted their price objective on shares of SM Energy from $42.00 to $44.00 and gave the company an "outperform" rating in a report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, SM Energy presently has an average rating of "Hold" and an average target price of $42.50.
Read Our Latest Report on SM Energy
SM Energy Trading Down 4.8%
NYSE:SM traded down $1.35 on Friday, reaching $26.87. 1,801,731 shares of the company's stock were exchanged, compared to its average volume of 1,661,575. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 3.79 and a beta of 2.47. SM Energy Company has a 52-week low of $19.67 and a 52-week high of $46.42. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.59. The business has a fifty day moving average of $27.03 and a 200-day moving average of $26.35.
SM Energy (NYSE:SM - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The energy company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.23 by $0.27. SM Energy had a net margin of 25.94% and a return on equity of 18.06%. The business had revenue of $792.94 million during the quarter, compared to analyst estimates of $792.58 million. During the same quarter last year, the firm posted $1.85 earnings per share. The business's revenue for the quarter was up 25.0% compared to the same quarter last year. As a group, analysts expect that SM Energy Company will post 8.1 earnings per share for the current year.
SM Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 4th. Stockholders of record on Friday, July 18th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.0%. SM Energy's dividend payout ratio is currently 11.30%.
About SM Energy
(
Free Report)
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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