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

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

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of SM Energy by 47.3% during the 3rd quarter. Barclays PLC now owns 250,218 shares of the energy company's stock worth $10,002,000 after acquiring an additional 80,343 shares during the period. National Bank of Canada FI acquired a new stake in SM Energy in the 3rd quarter valued at $259,000. World Investment Advisors LLC purchased a new stake in shares of SM Energy in the third quarter worth about $3,048,000. Pekin Hardy Strauss Inc. grew its stake in shares of SM Energy by 7.3% in the third quarter. Pekin Hardy Strauss Inc. now owns 178,750 shares of the energy company's stock valued at $7,145,000 after buying an additional 12,102 shares in the last quarter. Finally, Townsquare Capital LLC lifted its position in SM Energy by 267.4% during the 3rd quarter. Townsquare Capital LLC now owns 391,107 shares of the energy company's stock worth $15,633,000 after acquiring an additional 284,665 shares in the last quarter. 94.56% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Barton R. Brookman, Jr. purchased 7,000 shares of SM Energy stock in a transaction dated Wednesday, February 26th. The stock was bought at an average cost 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. The trade was a 91.31 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is currently owned by insiders.

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Analyst Ratings Changes

A number of research firms have weighed in on SM. Wells Fargo & Company decreased their price objective on shares of SM Energy from $45.00 to $33.00 and set an "equal weight" rating for the company in a research report on Tuesday. Truist Financial raised their price objective on SM Energy from $42.00 to $45.00 and gave the company a "hold" rating in a research note on Monday, January 13th. JPMorgan Chase & Co. reduced 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. StockNews.com downgraded shares of SM Energy from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Mizuho cut their price target on shares of SM Energy from $57.00 to $55.00 and set an "outperform" rating on the stock in a report on Monday, December 16th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $48.00.

SM Energy Stock Performance

Shares of SM traded down $0.99 during midday trading on Tuesday, hitting $30.82. 1,174,758 shares of the stock traded hands, compared to its average volume of 1,703,564. The business's 50 day moving average price is $35.78 and its two-hundred day moving average price is $39.67. The firm has a market capitalization of $3.53 billion, a PE ratio of 4.62 and a beta of 4.14. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.52 and a current ratio of 0.55. SM Energy has a 1-year low of $26.66 and a 1-year high of $53.26.

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

SM Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders 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 2.60%. The ex-dividend date of this dividend was Friday, January 24th. SM Energy's payout ratio is currently 11.98%.

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.