Miller Howard Investments Inc. NY Purchases 30,264 Shares of SM Energy (NYSE:SM)

Miller Howard Investments Inc. NY boosted its stake in shares of SM Energy (NYSE:SM - Free Report) by 277.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,159 shares of the energy company's stock after purchasing an additional 30,264 shares during the quarter. Miller Howard Investments Inc. NY's holdings in SM Energy were worth $1,595,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Harbor Capital Advisors Inc. bought a new position in shares of SM Energy during the 3rd quarter worth about $30,000. Blue Trust Inc. increased its stake in SM Energy by 3,434.5% during the third quarter. Blue Trust Inc. now owns 1,025 shares of the energy company's stock valued at $44,000 after acquiring an additional 996 shares during the period. Millburn Ridgefield Corp acquired a new position in SM Energy in the 3rd quarter valued at approximately $55,000. International Assets Investment Management LLC lifted its position in shares of SM Energy by 3,897.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,439 shares of the energy company's stock worth $58,000 after acquiring an additional 1,403 shares during the period. Finally, R Squared Ltd bought a new stake in shares of SM Energy in the 4th quarter worth approximately $61,000. 94.56% of the stock is owned by institutional investors.

SM Energy Trading Up 3.0 %

NYSE:SM traded up $1.18 during mid-day trading on Tuesday, hitting $40.59. The company had a trading volume of 1,634,813 shares, compared to its average volume of 1,441,226. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.52 and a current ratio of 3.52. SM Energy has a fifty-two week low of $36.13 and a fifty-two week high of $53.26. The firm has a market cap of $4.64 billion, a P/E ratio of 5.67 and a beta of 4.11. The business's fifty day moving average is $40.19 and its two-hundred day moving average is $42.09.

SM Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 24th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.97%. The ex-dividend date was Friday, January 24th. SM Energy's payout ratio is 11.17%.

Analyst Ratings Changes

SM has been the subject of several research reports. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $53.00 target price (up from $51.00) on shares of SM Energy in a research report on Wednesday, December 4th. TD Cowen raised shares of SM Energy from a "hold" rating to a "buy" rating and dropped their price target for the stock from $64.00 to $60.00 in a research report on Tuesday, October 15th. KeyCorp lowered their price objective on SM Energy from $65.00 to $60.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 16th. Wells Fargo & Company decreased their price target on SM Energy from $47.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Tuesday, December 17th. Finally, Mizuho lowered their price target on SM Energy from $57.00 to $55.00 and set an "outperform" rating on the stock in a research report on Monday, December 16th. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $51.90.

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.