Natixis Advisors LLC Has $1.64 Million Stake in SM Energy (NYSE:SM)

Natixis Advisors LLC cut its holdings in shares of SM Energy (NYSE:SM - Free Report) by 25.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,942 shares of the energy company's stock after selling 13,770 shares during the quarter. Natixis Advisors LLC's holdings in SM Energy were worth $1,636,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SM. Dimensional Fund Advisors LP raised its holdings in shares of SM Energy by 6.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,341,875 shares of the energy company's stock valued at $274,161,000 after purchasing an additional 384,675 shares during the period. American Century Companies Inc. raised its stake in SM Energy by 1.2% in the second quarter. American Century Companies Inc. now owns 2,361,149 shares of the energy company's stock valued at $102,072,000 after buying an additional 28,005 shares during the period. River Road Asset Management LLC lifted its position in shares of SM Energy by 0.7% in the third quarter. River Road Asset Management LLC now owns 1,792,573 shares of the energy company's stock valued at $71,649,000 after buying an additional 12,669 shares during the last quarter. Westwood Holdings Group Inc. boosted its stake in shares of SM Energy by 10.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,709,927 shares of the energy company's stock worth $73,920,000 after acquiring an additional 157,923 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of SM Energy by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,335,624 shares of the energy company's stock worth $57,739,000 after acquiring an additional 4,611 shares during the last quarter. Institutional investors and hedge funds own 94.56% of the company's stock.

SM Energy Trading Down 1.3 %

NYSE:SM traded down $0.57 during trading hours on Tuesday, hitting $44.57. 559,537 shares of the company were exchanged, compared to its average volume of 1,695,940. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 6.30 and a beta of 4.18. SM Energy has a one year low of $34.13 and a one year high of $53.26. The company has a fifty day simple moving average of $42.88 and a 200 day simple moving average of $44.59. 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 (NYSE:SM - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $1.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.52 by $0.10. The company had revenue of $643.60 million during the quarter, compared to the consensus estimate of $643.67 million. SM Energy had a return on equity of 19.62% and a net margin of 33.89%. The firm's revenue was up .4% compared to the same quarter last year. During the same period last year, the company earned $1.73 earnings per share. Sell-side analysts expect that SM Energy will post 6.77 EPS for the current fiscal year.

SM Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Friday, October 25th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, October 25th. This is a boost from SM Energy's previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 1.79%. SM Energy's dividend payout ratio is 11.17%.

Wall Street Analysts Forecast Growth

Several research firms have commented on SM. Wells Fargo & Company upped their price objective on shares of SM Energy from $43.00 to $47.00 and gave the company an "equal weight" rating in a report on Wednesday, November 20th. BMO Capital Markets dropped their price target on SM Energy from $50.00 to $48.00 and set a "market perform" rating for the company in a research note on Friday, October 4th. Truist Financial decreased their price target on SM Energy from $46.00 to $38.00 and set a "hold" rating on the stock in a research note on Monday, September 30th. JPMorgan Chase & Co. upped their price objective on SM Energy from $50.00 to $54.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Finally, TD Cowen upgraded SM Energy from a "hold" rating to a "buy" rating and decreased their target price for the company from $64.00 to $60.00 in a research report on Tuesday, October 15th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, SM Energy presently has an average rating of "Moderate Buy" and an average price target of $51.09.

SM Energy Company 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.