Townsquare Capital LLC grew its holdings in shares of SM Energy (NYSE:SM - Free Report) by 267.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 391,107 shares of the energy company's stock after acquiring an additional 284,665 shares during the quarter. Townsquare Capital LLC owned 0.34% of SM Energy worth $15,633,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Plato Investment Management Ltd raised its stake 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 worth $26,000 after acquiring an additional 485 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of SM Energy in the third quarter worth $30,000. Massmutual Trust Co. FSB ADV increased its stake in shares of 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 buying an additional 340 shares during the period. Mather Group LLC. purchased a new position in shares of SM Energy in the second quarter worth $44,000. Finally, Blue Trust Inc. increased its stake in shares of SM Energy by 3,434.5% in the third quarter. Blue Trust Inc. now owns 1,025 shares of the energy company's stock worth $44,000 after buying an additional 996 shares during the period. 94.56% of the stock is owned by hedge funds and other institutional investors.
SM Energy Stock Performance
Shares of SM stock opened at $44.63 on Wednesday. The company's fifty day moving average price is $42.88 and its 200-day moving average price is $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. The stock has a market cap of $5.11 billion, a PE ratio of 6.23 and a beta of 4.18. SM Energy has a 12 month low of $34.13 and a 12 month high of $53.26.
SM Energy (NYSE:SM - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.10. The firm had revenue of $643.60 million during the quarter, compared to analyst estimates of $643.67 million. SM Energy had a return on equity of 19.62% and a net margin of 33.89%. SM Energy's quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.73 EPS. On average, equities analysts expect that SM Energy will post 6.77 EPS for the current fiscal year.
SM Energy Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Friday, October 25th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Friday, October 25th. This is a positive change from SM Energy's previous quarterly dividend of $0.18. SM Energy's payout ratio is currently 11.17%.
Analyst Ratings Changes
Several brokerages recently commented on SM. JPMorgan Chase & Co. lifted their target price on shares of SM Energy from $50.00 to $54.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 8th. Wells Fargo & Company lifted their target price on shares of SM Energy from $43.00 to $47.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 20th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $50.00 target price on shares of SM Energy in a research note on Tuesday, October 8th. TD Cowen upgraded shares of SM Energy from a "hold" rating to a "buy" rating and cut their price target for the company from $64.00 to $60.00 in a report on Tuesday, October 15th. Finally, Truist Financial cut their price target on shares of SM Energy from $46.00 to $38.00 and set a "hold" rating on the stock in a report on Monday, September 30th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $51.09.
Read Our Latest Stock Analysis on SM
About SM Energy
(
Free Report)
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.
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