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

Posted by Casey Walker on Mar 21st, 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 that occurred on Wednesday, March 19th. The shares were sold at an average price of $37.68, for a total value of $37,680.00. Following the completion of the sale, the chief executive officer now owns 273,170 shares of the company’s stock, valued at $10,293,045.60. This trade represents a 0.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

On Friday, March 21st, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $36.30, for a total value of $36,300.00.
On Monday, March 17th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $38.50, for a total value of $38,500.00.
On Friday, March 14th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.47, for a total value of $37,470.00.
On Wednesday, March 12th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $38.04, for a total value of $38,040.00.
On Monday, March 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $38.52, for a total value of $38,520.00.
On Friday, March 7th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $39.23, for a total value of $39,230.00.
On Wednesday, March 5th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $40.55, for a total value 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 value of $43,500.00.
On Friday, February 28th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $44.28, for a total value of $44,280.00.
On Wednesday, February 26th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $41.96, for a total value of $41,960.00.

Summit Midstream Price Performance

Shares of Summit Midstream stock traded down $1.32 during trading on Friday, hitting $36.18. The stock had a trading volume of 301,393 shares, compared to its average volume of 75,563. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market cap of $385.23 million, a P/E ratio of -2.82 and a beta of 2.28. The business has a fifty day moving average of $41.22 and a two-hundred day moving average of $37.91. Summit Midstream Corporation has a fifty-two week low of $31.81 and a fifty-two week high of $45.89.

Summit Midstream (NYSE:SMC – Get Free Report) last announced its quarterly earnings data on Friday, March 21st. The company reported ($2.40) earnings per share for the quarter. Summit Midstream had a negative net margin of 23.01% and a positive return on equity of 0.71%. During the same period last year, the business posted ($2.12) earnings per share.

Institutional Investors Weigh In On Summit Midstream

Several hedge funds have recently modified their holdings of SMC. Pekin Hardy Strauss Inc. purchased a new stake in shares of Summit Midstream during the third quarter valued at $1,311,000. Virtus Fund Advisers LLC purchased a new stake in shares of Summit Midstream during the third quarter valued at $3,794,000. Jane Street Group LLC purchased a new stake in shares of Summit Midstream during the third quarter valued at $227,000. Barclays PLC purchased a new stake in shares of Summit Midstream during the third quarter valued at $194,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Summit Midstream during the third quarter valued at $3,313,000. 42.97% of the stock is owned by hedge funds and other institutional investors.

About Summit Midstream

(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.