First Citizens Bank & Trust Co. Acquires Shares of 40,378 SM Energy Company $SM

Posted by Brian Himes on Jul 24th, 2026

First Citizens Bank & Trust Co. bought a new position in SM Energy Company (NYSE:SM – Free Report) in the first quarter, Holdings Channel reports. The firm bought 40,378 shares of the energy company’s stock, valued at approximately $1,259,000.

Other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in SM Energy by 79.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,995,353 shares of the energy company’s stock worth $311,678,000 after acquiring an additional 4,426,751 shares during the last quarter. State Street Corp raised its stake in SM Energy by 1.7% in the 4th quarter. State Street Corp now owns 6,257,360 shares of the energy company’s stock valued at $118,267,000 after acquiring an additional 107,295 shares during the period. Millennium Management LLC lifted its holdings in SM Energy by 205.1% during the fourth quarter. Millennium Management LLC now owns 2,835,718 shares of the energy company’s stock valued at $53,028,000 after purchasing an additional 1,906,255 shares during the last quarter. Geode Capital Management LLC lifted its holdings in SM Energy by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 2,721,147 shares of the energy company’s stock valued at $50,897,000 after purchasing an additional 56,187 shares during the last quarter. Finally, Woodline Partners LP boosted its position in SM Energy by 198.9% during the third quarter. Woodline Partners LP now owns 2,429,518 shares of the energy company’s stock worth $60,665,000 after purchasing an additional 1,616,822 shares during the period. 94.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of SM Energy from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Siebert Williams Shank upgraded shares of SM Energy from a “hold” rating to a “buy” rating and upped their price target for the company from $30.00 to $41.00 in a research note on Thursday, May 14th. KeyCorp raised their price objective on shares of SM Energy from $29.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, April 2nd. Wall Street Zen upgraded shares of SM Energy from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Wells Fargo & Company boosted their target price on shares of SM Energy from $29.00 to $32.00 and gave the company an “equal weight” rating in a report on Monday, May 18th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $36.53.

Get Our Latest Stock Analysis on SM Energy

Insider Transactions at SM Energy

In other SM Energy news, Director Ramiro G. Peru sold 24,553 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $33.98, for a total value of $834,310.94. Following the sale, the director directly owned 65,964 shares in the company, valued at $2,241,456.72. This represents a 27.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.45% of the stock is owned by corporate insiders.

SM Energy Stock Up 1.1%

SM stock opened at $33.56 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $8.05 billion, a PE ratio of 14.10 and a beta of 0.73. SM Energy Company has a twelve month low of $17.45 and a twelve month high of $35.88. The stock has a 50-day simple moving average of $30.21 and a two-hundred day simple moving average of $26.80.

SM Energy (NYSE:SM – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.42. SM Energy had a net margin of 3.45% and a return on equity of 13.93%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the prior year, the firm posted $1.76 earnings per share. The company’s revenue for the quarter was up 75.0% on a year-over-year basis. On average, equities analysts predict that SM Energy Company will post 6.95 EPS for the current fiscal year.

SM Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Monday, June 8th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Monday, June 8th. SM Energy’s dividend payout ratio is 36.97%.

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.