Ethic Inc. Has $1.13 Million Stock Holdings in SM Energy Company $SM

Key Points

• Ethic Inc. reduced its holdings in SM Energy Company by 26.1%, now owning 37,987 shares valued at approximately $1.13 million.
• Institutional investors hold a significant majority of SM Energy's stock, with 94.56% ownership, highlighting strong institutional interest in the company.
• Recent analyst ratings for SM Energy indicate a consensus of Moderate Buy with a target price of $42.50, demonstrating mixed sentiment among analysts.

Ethic Inc. lessened its holdings in shares of SM Energy Company (NYSE:SM - Free Report) by 26.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 37,987 shares of the energy company's stock after selling 13,433 shares during the period. Ethic Inc.'s holdings in SM Energy were worth $1,131,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. boosted its position in shares of SM Energy by 169.4% during the first quarter. Invesco Ltd. now owns 1,873,860 shares of the energy company's stock worth $56,122,000 after purchasing an additional 1,178,397 shares in the last quarter. Westwood Holdings Group Inc. boosted its position in shares of SM Energy by 51.4% during the first quarter. Westwood Holdings Group Inc. now owns 3,207,245 shares of the energy company's stock worth $96,057,000 after purchasing an additional 1,088,948 shares in the last quarter. New York State Common Retirement Fund bought a new position in shares of SM Energy during the first quarter worth $25,363,000. Nuveen LLC bought a new position in shares of SM Energy during the first quarter worth $18,910,000. Finally, Palisade Capital Management LP boosted its position in shares of SM Energy by 45.5% during the first quarter. Palisade Capital Management LP now owns 1,226,895 shares of the energy company's stock worth $36,746,000 after purchasing an additional 383,616 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SM shares. TD Cowen raised shares of SM Energy to a "strong-buy" rating in a research report on Monday, July 7th. Wells Fargo & Company reduced their price target on shares of SM Energy from $33.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Monday, June 16th. Mizuho lifted their price target on shares of SM Energy from $42.00 to $44.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Raymond James Financial cut shares of SM Energy from an "outperform" rating to an "underperform" rating in a research report on Tuesday, June 24th. Finally, Susquehanna boosted their price objective on shares of SM Energy from $24.00 to $27.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $42.50.

SM Energy Stock Performance

Shares of SM Energy stock opened at $25.5990 on Wednesday. The company has a market cap of $2.94 billion, a PE ratio of 3.62 and a beta of 2.29. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.59. The company has a 50 day moving average of $26.75 and a 200-day moving average of $27.39. SM Energy Company has a 1-year low of $19.67 and a 1-year high of $47.69.

SM Energy (NYSE:SM - Get Free Report) last issued 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. The business had revenue of $792.94 million during the quarter, compared to the consensus estimate of $792.58 million. SM Energy had a net margin of 25.94% and a return on equity of 18.06%. The firm's revenue was up 25.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.85 EPS. As a group, equities research analysts forecast that SM Energy Company will post 8.1 earnings per share for the current fiscal year.

SM Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 4th. Investors of record on Friday, July 18th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $0.80 annualized dividend and a yield of 3.1%. SM Energy's dividend payout ratio is presently 11.30%.

SM Energy 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.

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