Kornitzer Capital Management Inc. KS Invests $2.87 Million in SM Energy Company $SM

Posted by Stanley Muller on Jul 12th, 2026

Kornitzer Capital Management Inc. KS bought a new stake in SM Energy Company (NYSE:SM – Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 92,007 shares of the energy company’s stock, valued at approximately $2,869,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SM. Millennium Management LLC raised its stake in SM Energy by 205.1% during the 4th quarter. Millennium Management LLC now owns 2,835,718 shares of the energy company’s stock worth $53,028,000 after buying an additional 1,906,255 shares during the period. Alyeska Investment Group L.P. increased its holdings in shares of SM Energy by 268.3% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,271,757 shares of the energy company’s stock valued at $42,482,000 after acquiring an additional 1,654,891 shares in the last quarter. Woodline Partners LP increased its holdings in shares of SM Energy by 198.9% during the third quarter. Woodline Partners LP now owns 2,429,518 shares of the energy company’s stock valued at $60,665,000 after acquiring an additional 1,616,822 shares in the last quarter. Sagefield Capital LP acquired a new position in shares of SM Energy during the fourth quarter worth approximately $20,275,000. Finally, Balyasny Asset Management L.P. acquired a new position in shares of SM Energy during the second quarter worth approximately $25,179,000. 94.56% of the stock is owned by institutional investors.

SM Energy Stock Down 2.0%

Shares of NYSE SM traded down $0.58 during trading on Friday, hitting $27.76. The stock had a trading volume of 2,391,550 shares, compared to its average volume of 4,034,266. SM Energy Company has a 12 month low of $17.45 and a 12 month high of $35.88. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.39 and a quick ratio of 0.39. The company has a market capitalization of $6.66 billion, a PE ratio of 11.66 and a beta of 0.73. The firm has a fifty day moving average of $30.06 and a two-hundred day moving average of $25.96.

SM Energy (NYSE:SM – Get Free Report) last announced its earnings results on Wednesday, May 6th. The energy company reported $1.55 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the company posted $1.76 earnings per share. The firm’s revenue for the quarter was up 75.0% on a year-over-year basis. As a group, equities research analysts forecast that SM Energy Company will post 7.1 EPS for the current fiscal year.

SM Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Monday, June 8th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Monday, June 8th. SM Energy’s dividend payout ratio is presently 36.97%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SM. Weiss Ratings raised shares of SM Energy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Susquehanna upped their price objective on shares of SM Energy from $30.00 to $31.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Roth Capital upgraded shares of SM Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $30.00 to $32.00 in a report on Monday, June 22nd. JPMorgan Chase & Co. raised shares of SM Energy from a “neutral” rating to an “overweight” rating and set a $40.00 price objective on the stock in a research note on Friday, March 20th. Finally, Siebert Williams Shank upgraded shares of SM Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from $30.00 to $41.00 in a report on Thursday, May 14th. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

Read Our Latest Stock Report on SM

Insider Buying and Selling

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

About SM Energy

(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.