Mitsubishi UFJ Trust & Banking Corp Has $2.14 Million Stock Holdings in SM Energy Company $SM

Key Points

• Mitsubishi UFJ Trust & Banking Corp raised its stake in SM Energy by 96.1% in Q4 to 114,609 shares, worth about $2.14 million (roughly 0.10% of the company).
• Institutional investors own roughly 94.56% of SM Energy, with large increases from funds like Woodline Partners (up ~199% to 2.43M shares), Tributary Capital, Balyasny and Bank of America.
• Analysts' consensus is a “Moderate Buy” with a $33.62 target; SM Energy beat Q4 EPS estimates ($0.83 vs. $0.73) but missed on revenue, and it raised its quarterly dividend to $0.22 (2.8% yield).

Mitsubishi UFJ Trust & Banking Corp raised its holdings in SM Energy Company (NYSE:SM - Free Report) by 96.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 114,609 shares of the energy company's stock after acquiring an additional 56,160 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.10% of SM Energy worth $2,143,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SM. Woodline Partners LP lifted its stake in shares of SM Energy by 198.9% in the third quarter. Woodline Partners LP now owns 2,429,518 shares of the energy company's stock worth $60,665,000 after buying an additional 1,616,822 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of SM Energy in the second quarter worth $25,179,000. Tributary Capital Management LLC lifted its stake in shares of SM Energy by 136.8% in the third quarter. Tributary Capital Management LLC now owns 1,185,762 shares of the energy company's stock worth $29,608,000 after buying an additional 685,118 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of SM Energy by 53.5% in the third quarter. Bank of America Corp DE now owns 1,756,496 shares of the energy company's stock worth $43,860,000 after buying an additional 612,444 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of SM Energy in the third quarter worth $12,140,000. 94.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on SM shares. Stephens boosted their price objective on shares of SM Energy from $48.00 to $49.00 and gave the stock an "overweight" rating in a research note on Thursday, February 19th. Weiss Ratings upgraded shares of SM Energy from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, March 17th. KeyCorp boosted their price objective on shares of SM Energy from $29.00 to $39.00 and gave the stock an "overweight" rating in a research note on Thursday, April 2nd. Siebert Williams Shank cut shares of SM Energy from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 18th. Finally, Wells Fargo & Company upped their target price on shares of SM Energy from $25.00 to $29.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 21st. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $33.62.

SM Energy Price Performance

NYSE:SM opened at $31.41 on Tuesday. The stock has a market cap of $7.53 billion, a P/E ratio of 5.56 and a beta of 0.73. SM Energy Company has a one year low of $17.45 and a one year high of $33.25. The company has a fifty day moving average price of $27.72 and a 200 day moving average price of $22.39. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.69 and a quick ratio of 0.69.

SM Energy (NYSE:SM - Get Free Report) last released its earnings results on Wednesday, February 25th. The energy company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.73 by $0.10. The firm had revenue of $704.92 million during the quarter, compared to analysts' expectations of $764.40 million. SM Energy had a net margin of 20.55% and a return on equity of 13.47%. The business's quarterly revenue was down 17.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.91 EPS. Analysts anticipate that SM Energy Company will post 6.85 earnings per share for the current year.

SM Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Monday, March 9th were issued a $0.22 dividend. This is a boost from SM Energy's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.88 annualized dividend and a yield of 2.8%. SM Energy's payout ratio is presently 15.58%.

SM Energy 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.

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