Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.75 Million Stake in SM Energy Company $SM

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of SM Energy Company (NYSE:SM) by 97.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 55,976 shares of the energy company’s stock after acquiring an additional 27,616 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in SM Energy were worth $1,745,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Royal Bank of Canada raised its stake in shares of SM Energy by 27.7% in the 1st quarter. Royal Bank of Canada now owns 91,916 shares of the energy company’s stock valued at $2,753,000 after acquiring an additional 19,965 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of SM Energy by 43.9% during the 1st quarter. AQR Capital Management LLC now owns 145,922 shares of the energy company’s stock worth $4,370,000 after buying an additional 44,542 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of SM Energy by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,111 shares of the energy company’s stock worth $2,040,000 after buying an additional 2,969 shares during the period. NewEdge Advisors LLC grew its stake in SM Energy by 44.9% in the 1st quarter. NewEdge Advisors LLC now owns 3,248 shares of the energy company’s stock valued at $97,000 after buying an additional 1,007 shares during the last quarter. Finally, United Services Automobile Association acquired a new position in SM Energy in the 1st quarter valued at $222,000. Institutional investors and hedge funds own 94.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SM shares. Raymond James Financial raised shares of SM Energy from an “underperform” rating to an “outperform” rating and set a $55.00 target price for the company in a research report on Wednesday, May 20th. Wells Fargo & Company raised their price target on SM Energy from $29.00 to $32.00 and gave the company an “equal weight” rating in a research report on Monday, May 18th. BMO Capital Markets lifted their price objective on SM Energy from $26.00 to $33.00 and gave the stock a “market perform” rating in a research note on Thursday, April 2nd. Stephens cut their price objective on SM Energy from $61.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. Finally, Susquehanna increased their target price on SM Energy from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $36.93.

Insider Activity at SM Energy

In other news, Director Ramiro G. Peru sold 24,553 shares of SM Energy stock in a transaction that occurred on 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 owned 65,964 shares of the company’s stock, valued at approximately $2,241,456.72. This trade represents a 27.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.45% of the company’s stock.

SM Energy Stock Performance

NYSE:SM opened at $30.23 on Friday. The firm’s 50-day moving average is $30.06 and its 200-day moving average is $26.32. SM Energy Company has a 52-week low of $17.45 and a 52-week high of $35.88. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.39 and a current ratio of 0.39. The company has a market cap of $7.25 billion, a price-to-earnings ratio of 12.70 and a beta of 0.73.

SM Energy (NYSE:SM) last released its earnings results on Wednesday, May 6th. The energy company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.42. SM Energy had a net margin of 3.45% and a return on equity of 13.93%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the company earned $1.76 earnings per share. The firm’s revenue was up 75.0% on a year-over-year basis. Equities research analysts anticipate that SM Energy Company will post 7.13 earnings per share for the current year.

SM Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Monday, June 8th were given 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 2.9%. SM Energy’s dividend payout ratio (DPR) is currently 36.97%.

SM Energy Profile

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.