Ellevest Inc. Has $1.05 Million Holdings in SM Energy (NYSE:SM)

Ellevest Inc. trimmed its position in SM Energy (NYSE:SM) by 7.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 27,122 shares of the energy company’s stock after selling 2,191 shares during the period. Ellevest Inc.’s holdings in SM Energy were worth $1,051,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC boosted its stake in SM Energy by 64.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,730 shares of the energy company’s stock worth $183,000 after purchasing an additional 1,854 shares during the period. Barclays PLC grew its holdings in shares of SM Energy by 47.3% during the third quarter. Barclays PLC now owns 250,218 shares of the energy company’s stock valued at $10,002,000 after buying an additional 80,343 shares in the last quarter. Principal Financial Group Inc. raised its position in SM Energy by 4.0% during the fourth quarter. Principal Financial Group Inc. now owns 635,822 shares of the energy company’s stock valued at $24,644,000 after buying an additional 24,701 shares during the period. Intrust Bank NA purchased a new stake in SM Energy in the 4th quarter worth about $396,000. Finally, Moody Aldrich Partners LLC lifted its stake in SM Energy by 31.4% in the 4th quarter. Moody Aldrich Partners LLC now owns 132,267 shares of the energy company’s stock worth $5,127,000 after acquiring an additional 31,582 shares in the last quarter. 94.56% of the stock is owned by hedge funds and other institutional investors.

SM Energy Stock Up 7.7 %

Shares of SM stock opened at $22.83 on Friday. The stock’s 50 day simple moving average is $25.68 and its 200 day simple moving average is $35.42. SM Energy has a twelve month low of $19.67 and a twelve month high of $51.41. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.52 and a current ratio of 0.55. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 3.42 and a beta of 2.17.

SM Energy (NYSE:SM) last released its quarterly earnings results on Thursday, May 1st. The energy company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.16. The company had revenue of $844.54 million for the quarter, compared to analyst estimates of $814.62 million. SM Energy had a net margin of 28.63% and a return on equity of 19.82%. The company’s quarterly revenue was up 50.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.13 earnings per share. As a group, research analysts predict that SM Energy will post 8.1 EPS for the current year.

SM Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Friday, April 18th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend was Thursday, April 17th. SM Energy’s dividend payout ratio (DPR) is 11.20%.

Insider Activity

In other SM Energy news, Director Barton R. Brookman, Jr. acquired 7,000 shares of SM Energy stock in a transaction dated Wednesday, February 26th. The stock was bought at an average cost of $32.36 per share, with a total value of $226,520.00. Following the completion of the transaction, the director now owns 14,666 shares of the company’s stock, valued at $474,591.76. The trade was a 91.31 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SM has been the topic of a number of research reports. Raymond James dropped their target price on SM Energy from $59.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, March 10th. KeyCorp cut their target price on shares of SM Energy from $60.00 to $36.00 and set an “overweight” rating for the company in a research report on Monday, April 21st. Truist Financial boosted their price target on shares of SM Energy from $42.00 to $45.00 and gave the company a “hold” rating in a report on Monday, January 13th. Williams Trading set a $41.00 price objective on SM Energy in a report on Wednesday, March 5th. Finally, StockNews.com downgraded SM Energy from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $44.00.

SM Energy 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.