Teacher Retirement System of Texas Has $1.75 Million Stock Holdings in SM Energy Company (NYSE:SM)

Teacher Retirement System of Texas lowered its position in shares of SM Energy Company (NYSE:SM - Free Report) by 52.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,415 shares of the energy company's stock after selling 64,108 shares during the quarter. Teacher Retirement System of Texas owned about 0.05% of SM Energy worth $1,750,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in SM Energy by 22.0% in the fourth quarter. JPMorgan Chase & Co. now owns 4,632,255 shares of the energy company's stock valued at $179,546,000 after acquiring an additional 835,929 shares during the last quarter. First Trust Advisors LP lifted its stake in SM Energy by 40.1% in the fourth quarter. First Trust Advisors LP now owns 2,683,131 shares of the energy company's stock valued at $103,998,000 after buying an additional 767,779 shares during the period. Raymond James Financial Inc. acquired a new position in SM Energy in the fourth quarter valued at approximately $22,059,000. American Century Companies Inc. raised its position in shares of SM Energy by 8.8% during the fourth quarter. American Century Companies Inc. now owns 3,682,093 shares of the energy company's stock worth $142,718,000 after purchasing an additional 296,601 shares during the period. Finally, Brandywine Global Investment Management LLC raised its position in shares of SM Energy by 221.4% during the fourth quarter. Brandywine Global Investment Management LLC now owns 388,761 shares of the energy company's stock worth $15,068,000 after purchasing an additional 267,789 shares during the period. Institutional investors and hedge funds own 94.56% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SM shares. Susquehanna reduced their price objective on SM Energy from $39.00 to $24.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company dropped their target price on SM Energy from $33.00 to $29.00 and set an "equal weight" rating for the company in a research report on Monday, June 16th. Mizuho dropped their target price on SM Energy from $46.00 to $42.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. Stephens decreased their target price on SM Energy from $62.00 to $55.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Finally, Raymond James Financial cut SM Energy from an "outperform" rating to an "underperform" rating in a research note on Tuesday, June 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $42.08.

SM Energy Price Performance

SM opened at $28.61 on Friday. SM Energy Company has a 52-week low of $19.67 and a 52-week high of $48.49. The company's 50-day simple moving average is $25.12 and its two-hundred day simple moving average is $30.11. 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 stock has a market capitalization of $3.27 billion, a P/E ratio of 4.01 and a beta of 2.16.

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

SM Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 4th. Investors of record on Friday, July 18th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.80%. The ex-dividend date is Friday, July 18th. SM Energy's dividend payout ratio (DPR) is presently 11.20%.

About SM Energy

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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