Assenagon Asset Management S.A. Invests $2.42 Million in SM Energy Company $SM

Posted by George Bondi on Jul 1st, 2026

Assenagon Asset Management S.A. purchased a new stake in shares of SM Energy Company (NYSE:SM – Free Report) during the first quarter, Holdings Channel.com reports. The institutional investor purchased 77,631 shares of the energy company’s stock, valued at approximately $2,421,000.

A number of other large investors also recently modified their holdings of SM. Royal Bank of Canada grew its position in SM Energy by 27.7% in the 1st quarter. Royal Bank of Canada now owns 91,916 shares of the energy company’s stock valued at $2,753,000 after buying an additional 19,965 shares in the last quarter. AQR Capital Management LLC raised its position in shares of SM Energy by 43.9% during the 1st quarter. AQR Capital Management LLC now owns 145,922 shares of the energy company’s stock worth $4,370,000 after buying an additional 44,542 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of SM Energy by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,111 shares of the energy company’s stock worth $2,040,000 after buying an additional 2,969 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of SM Energy by 44.9% in the 1st quarter. NewEdge Advisors LLC now owns 3,248 shares of the energy company’s stock worth $97,000 after acquiring an additional 1,007 shares during the period. Finally, United Services Automobile Association acquired a new stake in shares of SM Energy in the 1st quarter worth approximately $222,000. 94.56% of the stock is owned by institutional investors and hedge funds.

SM Energy Stock Performance

NYSE:SM opened at $26.13 on Wednesday. SM Energy Company has a twelve month low of $17.45 and a twelve month high of $35.88. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.98. The company has a 50-day moving average of $30.32 and a 200-day moving average of $25.54. The firm has a market cap of $6.26 billion, a price-to-earnings ratio of 10.98 and a beta of 0.72.

SM Energy (NYSE:SM – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.42. SM Energy had a net margin of 3.45% and a return on equity of 13.93%. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the company posted $1.76 EPS. The business’s revenue was up 75.0% compared to the same quarter last year. Analysts forecast that SM Energy Company will post 7.3 earnings per share for the current fiscal year.

SM Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Monday, June 8th were given a $0.22 dividend. The ex-dividend date was Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 3.4%. SM Energy’s payout ratio is 36.97%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SM shares. National Bank Financial set a $30.00 price objective on shares of SM Energy in a research note on Tuesday, March 17th. Mizuho boosted their target price on SM Energy from $34.00 to $38.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Susquehanna upped their target price on SM Energy from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Zacks Research lowered SM Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Truist Financial lifted their price target on SM Energy from $38.00 to $39.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, SM Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

Check Out Our Latest Analysis on SM

Insider Transactions at SM Energy

In other SM Energy news, Director Ramiro G. Peru sold 24,553 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $33.98, for a total value of $834,310.94. Following the transaction, the director owned 65,964 shares of the company’s stock, valued at approximately $2,241,456.72. This represents a 27.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.45% of the company’s stock.

SM Energy Profile

(Free Report)

SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.