SM Energy Company $SM Holdings Raised by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its stake in SM Energy Company by 25.2% in the 2nd quarter, resulting in ownership of 559,288 shares valued at approximately $13.9 million.
• SM Energy reported $1.50 earnings per share for the last quarter, surpassing analyst expectations of $1.23, with revenues up 25.0% year-over-year.
• The company announced a quarterly dividend of $0.20 per share, indicating a 3.5% yield with an 11.30% payout ratio.

Aberdeen Group plc lifted its holdings in SM Energy Company (NYSE:SM - Free Report) by 25.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 559,288 shares of the energy company's stock after purchasing an additional 112,529 shares during the period. Aberdeen Group plc owned 0.49% of SM Energy worth $13,943,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of SM. Northwestern Mutual Wealth Management Co. lifted its stake in shares of SM Energy by 69.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,017 shares of the energy company's stock valued at $30,000 after purchasing an additional 417 shares during the last quarter. Brooklyn Investment Group raised its holdings in SM Energy by 1,097.9% in the 1st quarter. Brooklyn Investment Group now owns 1,138 shares of the energy company's stock worth $34,000 after acquiring an additional 1,043 shares during the period. Flaharty Asset Management LLC bought a new position in SM Energy in the 1st quarter worth $45,000. MassMutual Private Wealth & Trust FSB raised its holdings in SM Energy by 332.8% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,887 shares of the energy company's stock worth $47,000 after acquiring an additional 1,451 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its holdings in SM Energy by 73.1% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,899 shares of the energy company's stock worth $57,000 after acquiring an additional 802 shares during the period. Institutional investors and hedge funds own 94.56% of the company's stock.

SM Energy Price Performance

Shares of SM stock opened at $22.57 on Wednesday. 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 firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 3.19 and a beta of 2.30. The firm's 50 day moving average is $26.44 and its 200-day moving average is $25.52. SM Energy Company has a 1 year low of $19.67 and a 1 year high of $46.42.

SM Energy (NYSE:SM - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The energy company reported $1.50 earnings per share for the quarter, topping analysts' consensus estimates 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%. SM Energy's revenue for the quarter was up 25.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.85 earnings per share. Sell-side analysts forecast that SM Energy Company will post 8.1 EPS for the current fiscal year.

SM Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 17th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, October 17th. SM Energy's dividend payout ratio is presently 11.30%.

Analyst Ratings Changes

Several brokerages recently commented on SM. Raymond James Financial downgraded shares of SM Energy from an "outperform" rating to an "underperform" rating in a report on Tuesday, June 24th. Zacks Research lowered shares of SM Energy from a "hold" rating to a "strong sell" rating in a research report on Friday, October 3rd. Mizuho set a $38.00 target price on shares of SM Energy in a research report on Friday. Royal Bank Of Canada lifted their target price on shares of SM Energy from $34.00 to $35.00 and gave the company a "sector perform" rating in a research report on Thursday, October 9th. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of SM Energy in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $38.10.

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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