Janus Henderson Group PLC Has $3.88 Million Stock Holdings in SM Energy Company $SM

Key Points

• Janus Henderson Group increased its SM Energy stake by 174.3% in the first quarter, owning 124,445 shares worth approximately $3.88 million. Institutional investors collectively hold 94.56% of the company.
• SM Energy reported quarterly EPS of $2.19, exceeding estimates of $1.96, while revenue reached $2.50 billion and rose 215.3% year over year. Analysts expect full-year EPS of $6.95.
• The company pays a quarterly dividend of $0.22 per share, equivalent to an annualized $0.88 and a 3.0% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $36.53.

Janus Henderson Group PLC boosted its stake in SM Energy Company (NYSE:SM - Free Report) by 174.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,445 shares of the energy company's stock after purchasing an additional 79,083 shares during the period. Janus Henderson Group PLC owned about 0.05% of SM Energy worth $3,882,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp raised its position in SM Energy by 96.1% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 114,609 shares of the energy company's stock valued at $2,143,000 after purchasing an additional 56,160 shares during the last quarter. Denali Advisors LLC grew its holdings in shares of SM Energy by 22.2% during the fourth quarter. Denali Advisors LLC now owns 300,000 shares of the energy company's stock worth $5,610,000 after purchasing an additional 54,428 shares during the last quarter. UBS Group AG increased its stake in shares of SM Energy by 23.0% in the fourth quarter. UBS Group AG now owns 666,070 shares of the energy company's stock valued at $12,456,000 after buying an additional 124,448 shares during the period. Leeward Investments LLC MA bought a new position in SM Energy in the 1st quarter valued at approximately $13,299,000. Finally, Pekin Hardy Strauss Inc. raised its holdings in SM Energy by 24.3% in the 4th quarter. Pekin Hardy Strauss Inc. now owns 397,039 shares of the energy company's stock valued at $7,425,000 after buying an additional 77,638 shares during the last quarter. Institutional investors own 94.56% of the company's stock.

SM Energy Price Performance

SM stock opened at $28.89 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.62 and a quick ratio of 0.39. The company's 50-day moving average is $29.79 and its 200-day moving average is $27.71. The stock has a market capitalization of $6.93 billion, a PE ratio of 5.69 and a beta of 0.73. SM Energy Company has a 1 year low of $17.45 and a 1 year high of $35.88.

SM Energy (NYSE:SM - Get Free Report) last issued its earnings results on Wednesday, August 5th. The energy company reported $2.19 EPS for the quarter, beating analysts' consensus estimates of $1.96 by $0.23. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.02 billion. SM Energy had a return on equity of 17.93% and a net margin of 18.20%.The firm's revenue was up 215.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.50 EPS. Equities research analysts expect that SM Energy Company will post 6.95 EPS for the current fiscal year.

SM Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 8th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, June 8th. SM Energy's dividend payout ratio is presently 36.97%.

Analyst Ratings Changes

Several equities analysts have issued reports on SM shares. Roth Capital upgraded shares of SM Energy from a "neutral" rating to a "buy" rating and upped their price target for the company from $30.00 to $32.00 in a research report on Monday, June 22nd. Stephens decreased their price objective on SM Energy from $61.00 to $52.00 and set an "overweight" rating for the company in a report on Tuesday, July 7th. Wall Street Zen raised SM Energy from a "hold" rating to a "buy" rating in a research report on Saturday, May 9th. Mizuho upgraded SM Energy to a "strong-buy" rating in a research report on Friday, July 31st. Finally, Zacks Research cut SM Energy from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.53.

Insider Activity

In related news, Director Ramiro G. Peru sold 24,553 shares of SM Energy stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $33.98, for a total value of $834,310.94. Following the completion of the sale, the director owned 65,964 shares of the company's stock, valued at approximately $2,241,456.72. This trade represents a 27.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.45% of the stock is currently owned by corporate insiders.

SM Energy Company Profile

SM Energy Company NYSE: SM is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy's operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company's core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.

Want to see what other hedge funds are holding SM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SM Energy Company (NYSE:SM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source