Pekin Hardy Strauss Inc. Has $7.15 Million Holdings in SM Energy (NYSE:SM)

Pekin Hardy Strauss Inc. boosted its position in SM Energy (NYSE:SM - Free Report) by 7.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 178,750 shares of the energy company's stock after buying an additional 12,102 shares during the quarter. SM Energy makes up about 0.9% of Pekin Hardy Strauss Inc.'s holdings, making the stock its 24th biggest position. Pekin Hardy Strauss Inc. owned about 0.16% of SM Energy worth $7,145,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Plato Investment Management Ltd raised its position in shares of SM Energy by 461.9% during the second quarter. Plato Investment Management Ltd now owns 590 shares of the energy company's stock valued at $26,000 after buying an additional 485 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of SM Energy during the third quarter valued at approximately $30,000. Massmutual Trust Co. FSB ADV lifted its position in SM Energy by 63.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 872 shares of the energy company's stock worth $38,000 after purchasing an additional 340 shares during the period. Mather Group LLC. acquired a new stake in SM Energy during the second quarter worth $44,000. Finally, Blue Trust Inc. raised its stake in shares of SM Energy by 3,434.5% in the 3rd quarter. Blue Trust Inc. now owns 1,025 shares of the energy company's stock valued at $44,000 after buying an additional 996 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company's stock.

SM Energy Price Performance

SM stock traded up $0.57 during trading on Friday, reaching $46.03. 1,014,664 shares of the company were exchanged, compared to its average volume of 1,334,863. SM Energy has a twelve month low of $34.13 and a twelve month high of $53.26. 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 company has a market capitalization of $5.27 billion, a price-to-earnings ratio of 6.43 and a beta of 4.18. The company has a 50-day moving average of $42.77 and a two-hundred day moving average of $44.63.

SM Energy (NYSE:SM - Get Free Report) last posted its earnings results on Thursday, October 31st. The energy company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.52 by $0.10. The firm 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 business's quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the company earned $1.73 earnings per share. As a group, equities analysts predict that SM Energy will post 6.77 earnings per share for the current fiscal year.

SM Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Friday, October 25th were given a dividend of $0.20 per share. This is a positive change from SM Energy's previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 1.74%. The ex-dividend date was Friday, October 25th. SM Energy's dividend payout ratio (DPR) is currently 11.17%.

Analyst Ratings Changes

A number of brokerages have issued reports on SM. BMO Capital Markets cut their price objective on SM Energy from $50.00 to $48.00 and set a "market perform" rating for the company in a report on Friday, October 4th. TD Cowen upgraded shares of SM Energy from a "hold" rating to a "buy" rating and dropped their target price for the stock from $64.00 to $60.00 in a report on Tuesday, October 15th. Tudor, Pickering, Holt & Co. upgraded shares of SM Energy from a "hold" rating to a "buy" rating in a report on Wednesday, August 21st. KeyCorp cut their price target on shares of SM Energy from $65.00 to $60.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. upped their target price on shares of SM Energy from $50.00 to $54.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. Six investment 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 stock. Based on data from MarketBeat.com, SM Energy has a consensus 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.