Nisa Investment Advisors LLC Buys 2,119 Shares of SM Energy Company $SM

Nisa Investment Advisors LLC grew its stake in SM Energy Company (NYSE:SM) by 2.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 86,298 shares of the energy company’s stock after purchasing an additional 2,119 shares during the period. Nisa Investment Advisors LLC owned approximately 0.08% of SM Energy worth $2,132,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of SM Energy by 69.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,017 shares of the energy company’s stock valued at $30,000 after purchasing an additional 417 shares during the last quarter. Brooklyn Investment Group lifted its stake in shares of SM Energy by 1,097.9% in the 1st quarter. Brooklyn Investment Group now owns 1,138 shares of the energy company’s stock valued at $34,000 after purchasing an additional 1,043 shares during the last quarter. Flaharty Asset Management LLC bought a new stake in shares of SM Energy in the 1st quarter valued at approximately $45,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of SM Energy by 332.8% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,887 shares of the energy company’s stock valued at $47,000 after purchasing an additional 1,451 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of SM Energy by 73.1% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,899 shares of the energy company’s stock valued at $57,000 after purchasing an additional 802 shares during the last quarter. 94.56% of the stock is owned by institutional investors.

SM Energy Trading Down 0.4%

Shares of NYSE SM opened at $20.55 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.59. The business has a fifty day simple moving average of $25.21 and a two-hundred day simple moving average of $25.24. The firm has a market cap of $2.36 billion, a PE ratio of 2.90 and a beta of 2.30. SM Energy Company has a twelve month low of $19.67 and a twelve month high of $46.42.

SM Energy (NYSE:SM) last issued its earnings results on Thursday, July 31st. The energy company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.27. The business had revenue of $792.94 million during the quarter, compared to analyst estimates of $792.58 million. SM Energy had a return on equity of 18.06% and a net margin of 25.94%.SM Energy’s revenue was up 25.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.85 EPS. Analysts expect that SM Energy Company will post 8.1 earnings per share for the current fiscal year.

SM Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 17th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, October 17th. This represents a $0.80 dividend on an annualized basis and a yield of 3.9%. SM Energy’s payout ratio is 11.30%.

Analysts Set New Price Targets

Several research firms have recently issued reports on SM. Royal Bank Of Canada raised their price objective on SM Energy from $34.00 to $35.00 and gave the company a “sector perform” rating in a research note on Thursday, October 9th. Zacks Research lowered SM Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, October 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of SM Energy in a research note on Wednesday, October 8th. Wells Fargo & Company reduced their target price on SM Energy from $30.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, October 17th. Finally, TD Cowen upgraded SM Energy to a “strong-buy” rating in a research note on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, SM Energy has an average rating of “Hold” and an average price target of $37.50.

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.