Nisa Investment Advisors LLC increased its position in SM Energy (NYSE:SM – Free Report) by 1.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 84,538 shares of the energy company’s stock after buying an additional 1,076 shares during the quarter. Nisa Investment Advisors LLC’s holdings in SM Energy were worth $3,277,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. purchased a new position in SM Energy in the 3rd quarter valued at about $30,000. Blue Trust Inc. lifted its stake in shares of SM Energy by 3,434.5% in the third quarter. Blue Trust Inc. now owns 1,025 shares of the energy company’s stock worth $44,000 after acquiring an additional 996 shares in the last quarter. Millburn Ridgefield Corp purchased a new position in SM Energy in the third quarter valued at about $55,000. International Assets Investment Management LLC grew its stake in SM Energy by 3,897.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,439 shares of the energy company’s stock valued at $58,000 after purchasing an additional 1,403 shares in the last quarter. Finally, Legacy Investment Solutions LLC purchased a new stake in SM Energy during the 3rd quarter worth approximately $83,000. 94.56% of the stock is owned by institutional investors and hedge funds.
SM Energy Trading Down 2.6 %
Shares of NYSE SM opened at $40.13 on Friday. The company has a market cap of $4.59 billion, a price-to-earnings ratio of 5.61 and a beta of 4.14. The stock’s 50 day simple moving average is $41.57 and its 200 day simple moving average is $42.67. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.67. SM Energy has a 12-month low of $34.90 and a 12-month high of $53.26.
SM Energy Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $0.80 annualized dividend and a dividend yield of 1.99%. SM Energy’s payout ratio is currently 11.17%.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. KeyCorp decreased their price target on shares of SM Energy from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Wells Fargo & Company decreased their price objective on shares of SM Energy from $47.00 to $45.00 and set an “equal weight” rating for the company in a report on Tuesday, December 17th. BMO Capital Markets cut their target price on shares of SM Energy from $50.00 to $48.00 and set a “market perform” rating on the stock in a research note on Friday, October 4th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $50.00 price target on shares of SM Energy in a research note on Tuesday, October 8th. Finally, Mizuho cut their price objective on SM Energy from $57.00 to $55.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, SM Energy presently has an average rating of “Moderate Buy” and a consensus price target of $51.90.
Read Our Latest Stock Analysis on SM
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.
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