Nisa Investment Advisors LLC Increases Position in SM Energy Company $SM

Nisa Investment Advisors LLC lifted its position in SM Energy Company (NYSE:SM) by 2.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 86,298 shares of the energy company’s stock after buying an additional 2,119 shares during the period. Nisa Investment Advisors LLC’s holdings in SM Energy were worth $2,132,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its position in shares of SM Energy by 69.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,017 shares of the energy company’s stock worth $30,000 after buying an additional 417 shares during the last quarter. Brooklyn Investment Group grew its position in shares of SM Energy by 1,097.9% in the 1st quarter. Brooklyn Investment Group now owns 1,138 shares of the energy company’s stock worth $34,000 after buying an additional 1,043 shares during the last quarter. Flaharty Asset Management LLC purchased a new position in SM Energy during the 1st quarter worth $45,000. MassMutual Private Wealth & Trust FSB grew its stake in SM Energy by 332.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,887 shares of the energy company’s stock worth $47,000 after buying an additional 1,451 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in SM Energy by 73.1% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,899 shares of the energy company’s stock worth $57,000 after buying an additional 802 shares during the last quarter. Hedge funds and other institutional investors own 94.56% of the company’s stock.

SM Energy Price Performance

Shares of NYSE:SM opened at $20.55 on Friday. SM Energy Company has a twelve month low of $19.67 and a twelve month high of $46.42. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.59. The company has a market cap of $2.36 billion, a PE ratio of 2.90 and a beta of 2.30. The company’s 50 day moving average is $25.21 and its 200 day moving average is $25.24.

SM Energy (NYSE:SM) last released its quarterly earnings data on Thursday, July 31st. The energy company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.23 by $0.27. SM Energy had a net margin of 25.94% and a return on equity of 18.06%. The business had revenue of $792.94 million for the quarter, compared to the consensus estimate of $792.58 million. During the same period in the prior year, the firm earned $1.85 EPS. The business’s revenue for the quarter was up 25.0% on a year-over-year basis. On average, sell-side analysts forecast that SM Energy Company will post 8.1 EPS for the current year.

SM Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Investors of record on Friday, October 17th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, October 17th. SM Energy’s dividend payout ratio (DPR) is 11.30%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SM. TD Cowen upgraded SM Energy to a “strong-buy” rating in a research note on Monday, July 7th. Weiss Ratings restated a “hold (c-)” rating on shares of SM Energy in a research note on Wednesday, October 8th. Zacks Research lowered shares of SM Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, October 3rd. Wells Fargo & Company decreased their price target on shares of SM Energy from $30.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, October 17th. Finally, Mizuho set a $38.00 price objective on shares of SM Energy in a report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, SM Energy currently has an average rating of “Hold” and a consensus target price of $37.50.

About SM Energy

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.