GW&K Investment Management LLC Has $26.53 Million Holdings in SM Energy (NYSE:SM)

GW&K Investment Management LLC decreased its position in SM Energy (NYSE:SM - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 685,056 shares of the energy company's stock after selling 23,907 shares during the period. GW&K Investment Management LLC owned 0.59% of SM Energy worth $26,526,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Channing Capital Management LLC acquired a new position in shares of SM Energy in the 3rd quarter worth approximately $46,492,000. Invesco Ltd. lifted its holdings in SM Energy by 72.8% during the 3rd quarter. Invesco Ltd. now owns 2,054,503 shares of the energy company's stock worth $81,461,000 after buying an additional 865,480 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in SM Energy by 9.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,509,379 shares of the energy company's stock worth $213,326,000 after buying an additional 493,427 shares in the last quarter. abrdn plc acquired a new stake in SM Energy during the 3rd quarter worth approximately $19,314,000. Finally, Ameriprise Financial Inc. lifted its holdings in SM Energy by 44.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,163,332 shares of the energy company's stock worth $46,126,000 after buying an additional 358,253 shares in the last quarter. Hedge funds and other institutional investors own 94.56% of the company's stock.

Insider Transactions at SM Energy

In other news, SVP Kenneth J. Knott sold 16,000 shares of SM Energy stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $50.28, for a total transaction of $804,480.00. Following the completion of the sale, the senior vice president now directly owns 114,495 shares in the company, valued at $5,756,808.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.50% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SM shares. Seaport Res Ptn upgraded shares of SM Energy from a "neutral" rating to a "buy" rating in a report on Wednesday, January 31st. Susquehanna raised their price objective on shares of SM Energy from $42.00 to $51.00 and gave the company a "neutral" rating in a report on Monday, April 22nd. Mizuho raised their price objective on shares of SM Energy from $57.00 to $62.00 and gave the company a "buy" rating in a report on Monday, May 13th. Royal Bank of Canada raised their price objective on shares of SM Energy from $50.00 to $54.00 and gave the company a "sector perform" rating in a report on Friday, May 10th. Finally, Wells Fargo & Company raised their price objective on shares of SM Energy from $45.00 to $51.00 and gave the company an "equal weight" rating in a report on Thursday, April 18th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $54.57.

SM Energy Price Performance

Shares of NYSE SM traded down $1.23 during midday trading on Wednesday, hitting $48.37. The company had a trading volume of 2,057,916 shares, compared to its average volume of 1,572,359. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.43. SM Energy has a twelve month low of $25.84 and a twelve month high of $53.26. The business has a 50-day simple moving average of $49.65 and a two-hundred day simple moving average of $42.38. The firm has a market capitalization of $5.56 billion, a price-to-earnings ratio of 7.58 and a beta of 4.21.

SM Energy (NYSE:SM - Get Free Report) last announced its earnings results on Wednesday, February 21st. The energy company reported $1.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.17. The company had revenue of $608.73 million during the quarter, compared to analysts' expectations of $611.35 million. SM Energy had a net margin of 31.80% and a return on equity of 20.10%. The firm's quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.29 earnings per share. Equities research analysts anticipate that SM Energy will post 6.6 earnings per share for the current year.

SM Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 3rd. Stockholders of record on Friday, April 19th were issued a dividend of $0.18 per share. The ex-dividend date was Thursday, April 18th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.49%. SM Energy's dividend payout ratio (DPR) is presently 11.29%.

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.