BROOKFIELD Corp ON Makes New $998,000 Investment in SM Energy Company $SM

BROOKFIELD Corp ON purchased a new stake in shares of SM Energy Company (NYSE:SM) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 32,016 shares of the energy company’s stock, valued at approximately $998,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NBC Securities Inc. lifted its stake in shares of SM Energy by 160.5% during the fourth quarter. NBC Securities Inc. now owns 1,347 shares of the energy company’s stock worth $25,000 after buying an additional 830 shares during the period. SBI Securities Co. Ltd. increased its position in shares of SM Energy by 10,461.5% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,373 shares of the energy company’s stock valued at $26,000 after acquiring an additional 1,360 shares during the period. Torren Management LLC increased its position in shares of SM Energy by 4,561.1% in the 1st quarter. Torren Management LLC now owns 839 shares of the energy company’s stock valued at $26,000 after acquiring an additional 821 shares during the period. Global Retirement Partners LLC raised its stake in SM Energy by 62.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,386 shares of the energy company’s stock worth $26,000 after acquiring an additional 535 shares during the last quarter. Finally, Center for Financial Planning Inc. purchased a new position in SM Energy in the 1st quarter worth $31,000. Hedge funds and other institutional investors own 94.56% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Siebert Williams Shank upgraded SM Energy from a “hold” rating to a “buy” rating and boosted their price target for the company from $30.00 to $41.00 in a research note on Thursday, May 14th. Roth Capital upgraded SM Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $30.00 to $32.00 in a research note on Monday, June 22nd. UBS Group initiated coverage on SM Energy in a report on Tuesday, July 14th. They set a “buy” rating and a $36.00 target price for the company. Truist Financial dropped their target price on SM Energy from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Finally, Mizuho cut their price target on shares of SM Energy from $38.00 to $37.00 and set an “outperform” rating on the stock in a report on Tuesday, July 7th. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $36.53.

Insider Buying and Selling

In related news, Director Ramiro G. Peru sold 24,553 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $33.98, for a total transaction of $834,310.94. Following the sale, the director directly owned 65,964 shares of the company’s stock, valued at $2,241,456.72. This trade represents a 27.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.45% of the stock is currently owned by company insiders.

SM Energy Trading Down 0.0%

NYSE SM opened at $33.19 on Monday. SM Energy Company has a 1 year low of $17.45 and a 1 year high of $35.88. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.39 and a quick ratio of 0.39. The company has a market capitalization of $7.96 billion, a PE ratio of 13.94 and a beta of 0.73. The company has a fifty day moving average of $30.23 and a 200 day moving average of $26.90.

SM Energy (NYSE:SM) last announced its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.42. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.42 billion. SM Energy had a return on equity of 13.93% and a net margin of 3.45%.The firm’s revenue for the quarter was up 75.0% compared to the same quarter last year. During the same period last year, the firm earned $1.76 EPS. Research analysts forecast that SM Energy Company will post 6.95 earnings per share for the current year.

SM Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 8th were paid a $0.22 dividend. The ex-dividend date was Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.7%. SM Energy’s dividend payout ratio is presently 36.97%.

About SM Energy

SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.