Edgestream Partners L.P. Acquires 12,561 Shares of SM Energy (NYSE:SM)

Edgestream Partners L.P. increased its position in SM Energy (NYSE:SM - Free Report) by 35.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,297 shares of the energy company's stock after buying an additional 12,561 shares during the quarter. Edgestream Partners L.P.'s holdings in SM Energy were worth $1,930,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of SM. CWM LLC boosted its stake in shares of SM Energy by 11.4% during the 3rd quarter. CWM LLC now owns 2,853 shares of the energy company's stock worth $114,000 after acquiring an additional 293 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in SM Energy by 2.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 11,045 shares of the energy company's stock worth $477,000 after buying an additional 300 shares during the period. Massmutual Trust Co. FSB ADV lifted its stake in SM Energy by 63.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 872 shares of the energy company's stock valued at $38,000 after buying an additional 340 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of SM Energy by 7.0% in the third quarter. Sequoia Financial Advisors LLC now owns 5,843 shares of the energy company's stock worth $234,000 after buying an additional 380 shares during the period. Finally, Arizona State Retirement System increased its position in shares of SM Energy by 1.4% in the second quarter. Arizona State Retirement System now owns 32,403 shares of the energy company's stock worth $1,401,000 after acquiring an additional 437 shares in the last quarter. 94.56% of the stock is owned by institutional investors and hedge funds.

SM Energy Stock Up 0.6 %

Shares of SM stock traded up $0.27 on Tuesday, hitting $44.51. The company's stock had a trading volume of 1,029,794 shares, compared to its average volume of 1,684,891. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.52 and a quick ratio of 3.52. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of 6.22 and a beta of 4.14. SM Energy has a fifty-two week low of $34.13 and a fifty-two week high of $53.26. The firm's fifty day moving average price is $43.22 and its 200-day moving average price is $44.44.

SM Energy (NYSE:SM - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.10. SM Energy had a return on equity of 19.62% and a net margin of 33.89%. The company had revenue of $643.60 million during the quarter, compared to the consensus estimate of $643.67 million. During the same quarter in the prior year, the company posted $1.73 EPS. The firm's revenue was up .4% on a year-over-year basis. Research analysts anticipate that SM Energy will post 6.77 EPS for the current year.

SM Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Friday, October 25th were given a $0.20 dividend. This is a positive change from SM Energy's previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.80%. SM Energy's dividend payout ratio (DPR) is currently 11.17%.

Wall Street Analysts Forecast Growth

SM has been the subject of several research analyst reports. TD Cowen upgraded shares of SM Energy from a "hold" rating to a "buy" rating and reduced their price target for the company from $64.00 to $60.00 in a research report on Tuesday, October 15th. Susquehanna decreased their target price on SM Energy from $48.00 to $46.00 and set a "neutral" rating for the company in a research report on Tuesday, November 5th. JPMorgan Chase & Co. upped their price target on SM Energy from $50.00 to $54.00 and gave the company an "overweight" rating in a research report on Tuesday, October 8th. StockNews.com lowered SM Energy from a "buy" rating to a "hold" rating in a research report on Friday, September 13th. Finally, Tudor Pickering upgraded SM Energy to a "strong-buy" rating in a report on Wednesday, August 21st. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $51.09.

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.