Janus Henderson Group PLC Buys 79,083 Shares of SM Energy Company $SM

Janus Henderson Group PLC raised its stake in SM Energy Company (NYSE:SMFree Report) by 174.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 124,445 shares of the energy company’s stock after purchasing an additional 79,083 shares during the quarter. Janus Henderson Group PLC’s holdings in SM Energy were worth $3,882,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. South Dakota Investment Council bought a new stake in SM Energy during the first quarter worth $3,422,000. Amundi bought a new position in SM Energy during the 1st quarter valued at $292,000. EverSource Wealth Advisors LLC boosted its holdings in SM Energy by 332.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,129 shares of the energy company’s stock worth $35,000 after acquiring an additional 868 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of SM Energy by 127.8% in the 1st quarter. California State Teachers Retirement System now owns 250,381 shares of the energy company’s stock worth $7,807,000 after acquiring an additional 140,478 shares in the last quarter. Finally, Readystate Asset Management LP bought a new stake in shares of SM Energy in the 1st quarter worth $1,767,000. Institutional investors own 94.56% of the company’s stock.

SM Energy Price Performance

SM opened at $28.89 on Friday. The company has a market capitalization of $6.93 billion, a price-to-earnings ratio of 5.69 and a beta of 0.73. The company has a quick ratio of 0.39, a current ratio of 0.62 and a debt-to-equity ratio of 0.85. The firm has a 50-day moving average price of $29.79 and a 200-day moving average price of $27.71. SM Energy Company has a twelve month low of $17.45 and a twelve month high of $35.88.

SM Energy (NYSE:SMGet Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The energy company reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.23. The company had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.02 billion. SM Energy had a net margin of 18.20% and a return on equity of 17.93%. SM Energy’s revenue was up 215.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.50 EPS. Equities analysts expect that SM Energy Company will post 6.95 EPS for the current year.

SM Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Monday, June 8th were paid a $0.22 dividend. The ex-dividend date was Monday, June 8th. This represents a $0.88 annualized dividend and a yield of 3.0%. SM Energy’s dividend payout ratio (DPR) is currently 36.97%.

Analyst Ratings Changes

A number of research firms recently weighed in on SM. Susquehanna raised their price target on shares of SM Energy from $31.00 to $32.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. Weiss Ratings upgraded SM Energy from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Wells Fargo & Company increased their price target on SM Energy from $29.00 to $32.00 and gave the company an “equal weight” rating in a research report on Monday, May 18th. Truist Financial cut their price objective on SM Energy from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Finally, Stephens reduced their price objective on SM Energy from $61.00 to $52.00 and set an “overweight” rating for the company in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $36.53.

Check Out Our Latest Analysis on SM

Insider Buying and Selling

In related news, Director Ramiro G. Peru sold 24,553 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $33.98, for a total transaction of $834,310.94. Following the completion of the transaction, the director owned 65,964 shares of the company’s stock, valued at approximately $2,241,456.72. The trade was a 27.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.

See Also

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Institutional Ownership by Quarter for SM Energy (NYSE:SM)

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