NFJ Investment Group LLC Acquires New Holdings in SM Energy Company $SM

Posted by Stanley Muller on Aug 21st, 2026

NFJ Investment Group LLC bought a new stake in shares of SM Energy Company (NYSE:SM – Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 107,494 shares of the energy company’s stock, valued at approximately $2,806,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of SM Energy during the 2nd quarter worth approximately $1,025,229,000. Dimensional Fund Advisors LP lifted its stake 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 valued at $311,678,000 after buying an additional 4,426,751 shares in the last quarter. State Street Corp grew its holdings in SM Energy by 1.7% during the 4th quarter. State Street Corp now owns 6,257,360 shares of the energy company’s stock valued at $118,267,000 after buying an additional 107,295 shares during the last quarter. Millennium Management LLC grew its holdings 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 valued at $53,028,000 after buying an additional 1,906,255 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in SM Energy by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 2,721,147 shares of the energy company’s stock valued at $50,897,000 after buying an additional 56,187 shares during the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

SM Energy Trading Up 3.6%

Shares of SM opened at $37.45 on Friday. SM Energy Company has a fifty-two week low of $17.45 and a fifty-two week high of $38.25. The company has a market capitalization of $8.91 billion, a PE ratio of 7.37 and a beta of 0.73. The stock has a fifty day moving average of $30.06 and a two-hundred day moving average of $28.74. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.62 and a current ratio of 0.62.

SM Energy (NYSE:SM – Get Free Report) last announced its quarterly earnings data 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 business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.02 billion. SM Energy had a return on equity of 17.93% and a net margin of 18.20%.The business’s revenue for the quarter was up 215.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.50 earnings per share. As a group, analysts forecast that SM Energy Company will post 7.21 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SM shares. Raymond James Financial cut their price target on SM Energy from $55.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, July 21st. Mizuho upgraded SM Energy to a “strong-buy” rating in a research report on Friday, July 31st. Zacks Research cut SM Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Truist Financial boosted their target price on shares of SM Energy from $37.00 to $43.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of SM Energy in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, SM Energy presently has an average rating of “Moderate Buy” and an average target price of $37.93.

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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.