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

Posted by Linda Flegge on Mar 4th, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of Summit Midstream stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $43.50, for a total value of $43,500.00. Following the transaction, the chief executive officer now owns 240,326 shares in the company, valued at approximately $10,454,181. This represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

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 shares were 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 shares were sold at an average price of $44.98, for a total value of $44,980.00.
On Friday, February 14th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $44.20, for a total value of $44,200.00.
On Wednesday, February 12th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $43.80, for a total value of $43,800.00.
On Monday, February 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $43.43, for a total value of $43,430.00.
On Friday, February 7th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $42.67, for a total transaction of $42,670.00.
On Wednesday, February 5th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $42.78, for a total transaction of $42,780.00.

Summit Midstream Price Performance

SMC stock traded down $2.43 during midday trading on Monday, hitting $42.60. The company’s stock had a trading volume of 73,930 shares, compared to its average volume of 71,204. The business has a fifty day moving average price of $40.84. Summit Midstream Corporation has a twelve month low of $31.81 and a twelve month high of $45.89. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.20. The firm has a market cap of $453.59 million, a PE ratio of -3.33 and a beta of 2.37.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SMC. Fractal Investments LLC acquired a new stake in shares of Summit Midstream in the 3rd quarter valued at approximately $1,576,000. Pekin Hardy Strauss Inc. bought a new stake in Summit Midstream during the third quarter worth $1,311,000. Virtus Fund Advisers LLC acquired a new stake in Summit Midstream in the third quarter valued at $3,794,000. Jane Street Group LLC bought a new position in shares of Summit Midstream in the 3rd quarter valued at about $227,000. Finally, Barclays PLC acquired a new position in shares of Summit Midstream during the 3rd quarter worth about $194,000. Institutional investors and hedge funds own 42.97% of the company’s stock.

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.