SM Energy (NYSE:SM) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its position in SM Energy (NYSE:SM - Free Report) by 16.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 122,523 shares of the energy company's stock after buying an additional 17,333 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.11% of SM Energy worth $4,749,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SM. Cibc World Markets Corp purchased a new stake in SM Energy during the 4th quarter worth about $415,000. Gallacher Capital Management LLC raised its holdings in shares of SM Energy by 4.5% in the 4th quarter. Gallacher Capital Management LLC now owns 8,206 shares of the energy company's stock valued at $318,000 after purchasing an additional 350 shares in the last quarter. Royce & Associates LP grew its stake in shares of SM Energy by 6.7% during the fourth quarter. Royce & Associates LP now owns 232,523 shares of the energy company's stock worth $9,013,000 after purchasing an additional 14,644 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of SM Energy by 5.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 12,214 shares of the energy company's stock worth $473,000 after acquiring an additional 677 shares in the last quarter. Finally, Natixis Advisors LLC increased its holdings in shares of SM Energy by 4.8% in the 4th quarter. Natixis Advisors LLC now owns 42,920 shares of the energy company's stock valued at $1,664,000 after acquiring an additional 1,978 shares during the last quarter. 94.56% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at SM Energy

In related news, Director Barton R. Brookman, Jr. bought 7,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of $32.36 per share, with a total value of $226,520.00. Following the purchase, the director now owns 14,666 shares in the company, valued at approximately $474,591.76. This represents a 91.31 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.50% of the company's stock.

SM Energy Stock Performance

Shares of SM stock traded down $0.57 on Thursday, hitting $30.23. 1,469,413 shares of the stock traded hands, compared to its average volume of 1,709,225. The company's fifty day moving average is $35.23 and its 200 day moving average is $39.54. SM Energy has a 1-year low of $26.66 and a 1-year high of $53.26. The company has a market capitalization of $3.46 billion, a PE ratio of 4.52 and a beta of 4.14. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.55 and a quick ratio of 3.52.

SM Energy (NYSE:SM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The energy company reported $1.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.09). SM Energy had a return on equity of 19.82% and a net margin of 28.63%. The company had revenue of $852.22 million during the quarter, compared to the consensus estimate of $849.44 million. On average, equities research analysts predict that SM Energy will post 8.1 earnings per share for the current fiscal year.

SM Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Friday, April 18th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.65%. SM Energy's dividend payout ratio (DPR) is presently 11.98%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Stephens reaffirmed an "overweight" rating and issued a $57.00 price target on shares of SM Energy in a report on Thursday, January 2nd. Wells Fargo & Company lowered their target price on SM Energy from $45.00 to $33.00 and set an "equal weight" rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. decreased their price target on SM Energy from $54.00 to $41.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. StockNews.com cut shares of SM Energy from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Finally, Raymond James reduced their target price on shares of SM Energy from $59.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, March 10th. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus 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.