Invesco Ltd. Has $26.96 Million Stock Holdings in SM Energy (NYSE:SM)

Invesco Ltd. cut its position in shares of SM Energy (NYSE:SM - Free Report) by 12.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 695,463 shares of the energy company's stock after selling 96,768 shares during the quarter. Invesco Ltd. owned 0.61% of SM Energy worth $26,956,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of SM. R Squared Ltd acquired a new stake in shares of SM Energy during the fourth quarter valued at about $61,000. Global Retirement Partners LLC boosted its stake in shares of SM Energy by 51.0% during the 4th quarter. Global Retirement Partners LLC now owns 2,179 shares of the energy company's stock valued at $84,000 after buying an additional 736 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of SM Energy by 517.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,140 shares of the energy company's stock worth $159,000 after buying an additional 3,470 shares in the last quarter. KBC Group NV increased its stake in shares of SM Energy by 46.2% in the fourth quarter. KBC Group NV now owns 4,854 shares of the energy company's stock worth $188,000 after buying an additional 1,533 shares during the last quarter. Finally, Heritage Family Offices LLP boosted its stake in SM Energy by 13.2% during the 4th quarter. Heritage Family Offices LLP now owns 6,237 shares of the energy company's stock valued at $242,000 after acquiring an additional 726 shares during the last quarter. Institutional investors and hedge funds own 94.56% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SM. JPMorgan Chase & Co. reduced their price target on shares of SM Energy from $54.00 to $41.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Susquehanna decreased their target price on SM Energy from $39.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday. KeyCorp dropped their price target on SM Energy from $60.00 to $36.00 and set an "overweight" rating on the stock in a research report on Monday. Williams Trading set a $41.00 price objective on shares of SM Energy in a report on Wednesday, March 5th. Finally, StockNews.com cut shares of SM Energy from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $44.00.

SM Energy Stock Performance

Shares of NYSE:SM traded up $0.18 on Thursday, hitting $23.17. The company's stock had a trading volume of 842,800 shares, compared to its average volume of 1,876,807. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 3.47 and a beta of 3.75. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.52 and a current ratio of 0.55. SM Energy has a 12 month low of $19.67 and a 12 month high of $51.94. The stock's 50-day moving average is $28.33 and its two-hundred day moving average is $37.04.

SM Energy (NYSE:SM - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The energy company reported $1.91 EPS for the quarter, missing analysts' consensus estimates of $2.00 by ($0.09). The company had revenue of $852.22 million for the quarter, compared to the consensus estimate of $849.44 million. SM Energy had a return on equity of 19.82% and a net margin of 28.63%. On average, equities research analysts forecast that SM Energy will post 8.1 EPS for the current year.

SM Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Friday, April 18th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Thursday, April 17th. SM Energy's dividend payout ratio (DPR) is presently 11.98%.

Insider Transactions at SM Energy

In related news, Director Barton R. Brookman, Jr. bought 7,000 shares of SM Energy stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost of $32.36 per share, with a total value of $226,520.00. Following the completion of the acquisition, the director now directly owns 14,666 shares in the company, valued at approximately $474,591.76. This trade represents a 91.31 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.50% of the company's stock.

SM Energy Company 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.