New York State Teachers Retirement System Sells 11,462 Shares of SM Energy Company (NYSE:SM)

New York State Teachers Retirement System decreased its holdings in SM Energy Company (NYSE:SM - Free Report) by 6.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 175,061 shares of the energy company's stock after selling 11,462 shares during the period. New York State Teachers Retirement System owned approximately 0.15% of SM Energy worth $5,243,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Diversified Trust Co grew its position in SM Energy by 31.8% during the 1st quarter. Diversified Trust Co now owns 28,704 shares of the energy company's stock worth $860,000 after acquiring an additional 6,928 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in SM Energy by 2.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 21,258 shares of the energy company's stock worth $637,000 after buying an additional 518 shares during the period. Exchange Traded Concepts LLC lifted its holdings in SM Energy by 49.4% during the 1st quarter. Exchange Traded Concepts LLC now owns 37,095 shares of the energy company's stock worth $1,111,000 after buying an additional 12,261 shares during the period. Byrne Asset Management LLC lifted its holdings in SM Energy by 172.8% during the 1st quarter. Byrne Asset Management LLC now owns 1,473 shares of the energy company's stock worth $44,000 after buying an additional 933 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in SM Energy by 122.3% during the 1st quarter. SG Americas Securities LLC now owns 17,723 shares of the energy company's stock worth $531,000 after buying an additional 9,751 shares during the period. Institutional investors own 94.56% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Stephens cut their target price on SM Energy from $62.00 to $55.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company cut their target price on SM Energy from $33.00 to $29.00 and set an "equal weight" rating on the stock in a report on Monday, June 16th. Susquehanna cut their target price on SM Energy from $39.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Raymond James Financial downgraded SM Energy from an "outperform" rating to an "underperform" rating in a research note on Tuesday, June 24th. Finally, JPMorgan Chase & Co. dropped their price objective on SM Energy from $54.00 to $41.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $42.08.

SM Energy Stock Down 1.3%

SM traded down $0.34 during midday trading on Friday, reaching $25.85. 643,724 shares of the company were exchanged, compared to its average volume of 1,963,839. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.57 and a current ratio of 0.57. The company's fifty day moving average price is $24.69 and its 200 day moving average price is $30.39. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 3.62 and a beta of 2.16. SM Energy Company has a one year low of $19.67 and a one year high of $48.49.

SM Energy (NYSE:SM - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The energy company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.60 by $0.16. The firm had revenue of $844.54 million during the quarter, compared to analyst estimates of $814.62 million. SM Energy had a return on equity of 19.90% and a net margin of 27.61%. The company's revenue for the quarter was up 50.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.13 EPS. As a group, analysts expect that SM Energy Company will post 8.1 EPS for the current year.

SM Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Friday, July 18th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $0.80 dividend on an annualized basis and a yield of 3.10%. SM Energy's dividend payout ratio (DPR) is presently 11.20%.

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.