SM Energy (NYSE:SM) Shares Sold by Homestead Advisers Corp

Homestead Advisers Corp reduced its position in shares of SM Energy (NYSE:SM - Free Report) by 12.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,200 shares of the energy company's stock after selling 18,200 shares during the period. Homestead Advisers Corp owned 0.11% of SM Energy worth $5,008,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SM. JPMorgan Chase & Co. lifted its holdings in SM Energy by 22.0% in the 4th quarter. JPMorgan Chase & Co. now owns 4,632,255 shares of the energy company's stock valued at $179,546,000 after purchasing an additional 835,929 shares in the last quarter. WINTON GROUP Ltd lifted its stake in shares of SM Energy by 2.2% in the fourth quarter. WINTON GROUP Ltd now owns 28,091 shares of the energy company's stock worth $1,089,000 after buying an additional 592 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in SM Energy by 11.6% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 76,908 shares of the energy company's stock worth $2,981,000 after acquiring an additional 8,000 shares during the last quarter. Segall Bryant & Hamill LLC grew its stake in SM Energy by 20.4% during the 4th quarter. Segall Bryant & Hamill LLC now owns 148,894 shares of the energy company's stock valued at $5,771,000 after acquiring an additional 25,196 shares in the last quarter. Finally, Congress Wealth Management LLC DE raised its holdings in SM Energy by 5.3% in the 4th quarter. Congress Wealth Management LLC DE now owns 116,589 shares of the energy company's stock valued at $4,519,000 after acquiring an additional 5,816 shares during the last quarter. 94.56% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other news, Director Barton R. Brookman, Jr. bought 7,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average cost of $32.36 per share, for a total transaction of $226,520.00. Following the completion of the purchase, the director now owns 14,666 shares of the company's stock, valued at approximately $474,591.76. This represents a 91.31 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.50% of the company's stock.

SM Energy Trading Up 2.6 %

Shares of SM stock traded up $0.75 on Monday, hitting $30.15. The stock had a trading volume of 692,928 shares, compared to its average volume of 1,784,761. The company's 50 day moving average price is $34.68 and its 200-day moving average price is $39.41. SM Energy has a 1 year low of $26.66 and a 1 year high of $53.26. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.55 and a quick ratio of 3.52. The firm has a market capitalization of $3.45 billion, a P/E ratio of 4.51 and a beta of 4.14.

SM Energy (NYSE:SM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The energy company reported $1.91 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.00 by ($0.09). SM Energy had a return on equity of 19.82% and a net margin of 28.63%. The business had revenue of $852.22 million for the quarter, compared to analysts' expectations of $849.44 million. Analysts anticipate that SM Energy will post 8.1 earnings per share for the current year.

SM Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Friday, April 18th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $0.80 annualized dividend and a dividend yield of 2.65%. SM Energy's dividend payout ratio (DPR) is 11.98%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SM shares. Wells Fargo & Company dropped their price target on SM Energy from $45.00 to $33.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 25th. JPMorgan Chase & Co. cut their target price on SM Energy from $54.00 to $41.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Raymond James lowered their price target on shares of SM Energy from $59.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday, March 10th. Mizuho cut their price objective on shares of SM Energy from $57.00 to $55.00 and set an "outperform" rating for the company in a research report on Monday, December 16th. Finally, Williams Trading set a $41.00 target price on shares of SM Energy in a report on Wednesday, March 5th. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $48.00.

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.