Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke Sells 1,000 Shares of Stock

Posted by Lauren Steadman on Mar 15th, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $38.04, for a total transaction of $38,040.00. Following the sale, the chief executive officer now directly owns 233,326 shares in the company, valued at $8,875,721.04. The trade was a 0.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

J Heath Deneke also recently made the following trade(s):

On Friday, March 14th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.47, for a total transaction of $37,470.00.
On Monday, March 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $38.52, for a total transaction of $38,520.00.
On Friday, March 7th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $39.23, for a total transaction of $39,230.00.
On Wednesday, March 5th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $40.55, for a total transaction of $40,550.00.
On Monday, March 3rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $43.50, for a total transaction of $43,500.00.
On Friday, February 28th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $44.28, for a total transaction of $44,280.00.
On Wednesday, February 26th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $41.96, for a total transaction of $41,960.00.
On Monday, February 24th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $42.63, for a total transaction of $42,630.00.
On Thursday, February 20th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $44.23, for a total transaction of $44,230.00.
On Tuesday, February 18th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $44.98, for a total transaction of $44,980.00.

Summit Midstream Stock Performance

NYSE SMC opened at $37.50 on Friday. The company has a 50-day simple moving average of $41.19 and a two-hundred day simple moving average of $37.90. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.20. Summit Midstream Corporation has a 12-month low of $31.81 and a 12-month high of $45.89. The firm has a market cap of $399.28 million, a price-to-earnings ratio of -2.93 and a beta of 2.28.

Summit Midstream (NYSE:SMC – Get Free Report) last posted its quarterly earnings results on Monday, March 10th. The company reported ($2.19) earnings per share (EPS) for the quarter. Summit Midstream had a negative net margin of 23.01% and a positive return on equity of 0.71%. The business had revenue of $107.02 million for the quarter.

Hedge Funds Weigh In On Summit Midstream

A number of institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets bought a new position in shares of Summit Midstream during the fourth quarter valued at approximately $57,000. Tower Research Capital LLC TRC boosted its holdings in Summit Midstream by 1,106.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,112 shares of the company’s stock worth $118,000 after purchasing an additional 2,854 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Summit Midstream by 18.9% in the fourth quarter. Cetera Investment Advisers now owns 21,856 shares of the company’s stock worth $826,000 after purchasing an additional 3,472 shares during the last quarter. Jane Street Group LLC boosted its holdings in Summit Midstream by 56.8% in the fourth quarter. Jane Street Group LLC now owns 10,163 shares of the company’s stock worth $384,000 after purchasing an additional 3,680 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Summit Midstream in the fourth quarter worth approximately $159,000. 42.97% of the stock is owned by institutional investors.

Summit Midstream Company Profile

(Get Free Report)

Summit Midstream Corporation focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. It operates natural gas, crude oil, and produced water gathering systems in four unconventional resource basins, including the Williston Basin in North Dakota, which includes the Bakken and Three Forks shale formations; the Denver-Julesburg Basin that consists of the Niobrara and Codell shale formations in Colorado and Wyoming; the Fort Worth Basin in Texas, which comprises the Barnett Shale formation; and the Piceance Basin in Colorado, which includes the Mesaverde formation, as well as the emerging Mancos and Niobrara Shale formations.