Alyeska Investment Group L.P. Takes Position in SM Energy Company $SM

Key Points

• Alyeska Investment Group L.P. bought 522,974 shares of SM Energy Company for approximately $15.7 million, representing a 0.46% stake in the company.
• SM Energy reported a quarterly EPS of $1.50, surpassing consensus estimates by $0.27, and its revenue increased by 25.0% compared to the same quarter last year.
• The firm announced a quarterly dividend of $0.20 per share, yielding 2.8% with a payout ratio of 11.30% as of its last filing.

Alyeska Investment Group L.P. acquired a new stake in SM Energy Company (NYSE:SM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its position in SM Energy by 69.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,017 shares of the energy company's stock worth $30,000 after purchasing an additional 417 shares during the last quarter. Parallel Advisors LLC increased its position in SM Energy by 200.8% during the first quarter. Parallel Advisors LLC now owns 1,119 shares of the energy company's stock worth $34,000 after purchasing an additional 747 shares during the last quarter. Brooklyn Investment Group increased its position in SM Energy by 1,097.9% during the first quarter. Brooklyn Investment Group now owns 1,138 shares of the energy company's stock worth $34,000 after purchasing an additional 1,043 shares during the last quarter. Byrne Asset Management LLC increased its position in SM Energy by 172.8% during the first quarter. Byrne Asset Management LLC now owns 1,473 shares of the energy company's stock worth $44,000 after purchasing an additional 933 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in shares of SM Energy by 80.7% in the first quarter. Harbor Capital Advisors Inc. now owns 1,520 shares of the energy company's stock worth $46,000 after acquiring an additional 679 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Susquehanna upped their target price on shares of SM Energy from $24.00 to $27.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Raymond James Financial downgraded shares of SM Energy from an "outperform" rating to an "underperform" rating in a research note on Tuesday, June 24th. TD Cowen upgraded shares of SM Energy to a "strong-buy" rating in a research note on Monday, July 7th. Mizuho upped their target price on shares of SM Energy from $42.00 to $44.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Finally, Wells Fargo & Company decreased their target price on shares of SM Energy from $33.00 to $29.00 and set an "equal weight" rating for the company in a research note on Monday, June 16th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $42.50.

SM Energy Stock Performance

Shares of NYSE:SM traded up $0.60 on Wednesday, reaching $26.68. 356,641 shares of the company's stock were exchanged, compared to its average volume of 2,217,227. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 3.77 and a beta of 2.47. SM Energy Company has a fifty-two week low of $19.67 and a fifty-two week high of $46.42. The business's 50-day moving average is $27.08 and its two-hundred day moving average is $26.29. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.59.

SM Energy (NYSE:SM - Get Free Report) last released its earnings results 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 firm had revenue of $792.94 million for the quarter, compared to analysts' expectations of $792.58 million. During the same quarter last year, the company earned $1.85 EPS. SM Energy's quarterly revenue was up 25.0% on a year-over-year basis. As a group, equities research analysts forecast that SM Energy Company will post 8.1 EPS for the current year.

SM Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 4th. Stockholders of record on Friday, July 18th were given a $0.20 dividend. 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 (DPR) is currently 11.30%.

SM Energy Company Profile

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.