OMERS ADMINISTRATION Corp Takes $382,000 Position in Summit Midstream Corporation (NYSE:SMC)

OMERS ADMINISTRATION Corp acquired a new position in shares of Summit Midstream Corporation (NYSE:SMC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,100 shares of the company's stock, valued at approximately $382,000. OMERS ADMINISTRATION Corp owned about 0.09% of Summit Midstream as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SMC. Barclays PLC bought a new stake in Summit Midstream during the 3rd quarter worth $194,000. SG Americas Securities LLC bought a new stake in Summit Midstream during the 4th quarter worth $159,000. Graham Capital Wealth Management LLC bought a new stake in Summit Midstream during the 4th quarter worth $3,061,000. Empowered Funds LLC bought a new stake in Summit Midstream during the 4th quarter worth $2,132,000. Finally, AlphaQuest LLC bought a new stake in Summit Midstream during the 4th quarter worth $363,000. Institutional investors own 42.97% of the company's stock.

Insider Buying and Selling at Summit Midstream

In other news, CEO J Heath Deneke sold 1,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $41.96, for a total value of $41,960.00. Following the transaction, the chief executive officer now directly owns 243,326 shares of the company's stock, valued at $10,209,958.96. The trade was a 0.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders have sold 15,052 shares of company stock worth $586,956. Insiders own 37.80% of the company's stock.

Summit Midstream Trading Down 0.2%

Shares of NYSE SMC traded down $0.06 during trading on Friday, reaching $26.89. The company had a trading volume of 67,468 shares, compared to its average volume of 82,339. The company's fifty day moving average price is $29.87 and its 200-day moving average price is $35.84. Summit Midstream Corporation has a 12 month low of $25.00 and a 12 month high of $45.89. The stock has a market cap of $501.36 million, a P/E ratio of -2.10 and a beta of 1.17. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.20.

Summit Midstream (NYSE:SMC - Get Free Report) last released its quarterly earnings results on Friday, March 21st. The company reported ($2.40) EPS for the quarter. Summit Midstream had a negative net margin of 23.01% and a positive return on equity of 0.71%. During the same period in the prior year, the business posted ($2.12) earnings per share.

Summit Midstream Profile

Summit Midstream Corporation focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. It operates natural gas, crude oil, and produced water gathering systems in four unconventional resource basins, including the Williston Basin in North Dakota, which includes the Bakken and Three Forks shale formations; the Denver-Julesburg Basin that consists of the Niobrara and Codell shale formations in Colorado and Wyoming; the Fort Worth Basin in Texas, which comprises the Barnett Shale formation; and the Piceance Basin in Colorado, which includes the Mesaverde formation, as well as the emerging Mancos and Niobrara Shale formations.