SM Energy Company $SM Shares Bought by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. increased its holdings in SM Energy Company (NYSE:SM) by 63.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 305,006 shares of the energy company’s stock after buying an additional 118,291 shares during the period. SM Energy makes up about 0.9% of Pekin Hardy Strauss Inc.’s portfolio, making the stock its 27th largest holding. Pekin Hardy Strauss Inc.’s holdings in SM Energy were worth $7,537,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cetera Trust Company N.A lifted its holdings in SM Energy by 46.8% in the second quarter. Cetera Trust Company N.A now owns 4,060 shares of the energy company’s stock worth $100,000 after acquiring an additional 1,295 shares during the last quarter. Moody Aldrich Partners LLC lifted its holdings in shares of SM Energy by 31.1% in the 2nd quarter. Moody Aldrich Partners LLC now owns 177,045 shares of the energy company’s stock worth $4,375,000 after purchasing an additional 41,987 shares during the last quarter. Atria Investments Inc boosted its position in SM Energy by 5.1% during the 2nd quarter. Atria Investments Inc now owns 15,472 shares of the energy company’s stock valued at $382,000 after purchasing an additional 754 shares during the period. Peregrine Capital Management LLC boosted its position in SM Energy by 0.4% during the 2nd quarter. Peregrine Capital Management LLC now owns 163,517 shares of the energy company’s stock valued at $4,041,000 after purchasing an additional 668 shares during the period. Finally, Teacher Retirement System of Texas grew its stake in SM Energy by 2.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 59,850 shares of the energy company’s stock worth $1,479,000 after buying an additional 1,435 shares during the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

Analysts Set New Price Targets

SM has been the subject of several analyst reports. Mizuho set a $38.00 price target on shares of SM Energy in a report on Friday, October 10th. Roth Capital set a $28.00 price objective on shares of SM Energy in a research report on Monday. Royal Bank Of Canada upped their target price on shares of SM Energy from $34.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. Weiss Ratings restated a “hold (c-)” rating on shares of SM Energy in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company reduced their price objective on SM Energy from $30.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, SM Energy presently has an average rating of “Hold” and a consensus target price of $36.64.

SM Energy Stock Performance

SM opened at $17.92 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.69 and a quick ratio of 0.69. The business has a 50 day moving average price of $24.29 and a two-hundred day moving average price of $25.12. SM Energy Company has a 1-year low of $17.58 and a 1-year high of $46.42. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 2.53 and a beta of 2.29.

SM Energy (NYSE:SM) last issued its earnings results on Tuesday, November 4th. The energy company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.08. The firm had revenue of $811.59 million during the quarter, compared to analysts’ expectations of $838.24 million. SM Energy had a net margin of 25.94% and a return on equity of 18.06%. The firm’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same period last year, the firm posted $1.62 earnings per share. Research analysts predict that SM Energy Company will post 8.1 EPS for the current fiscal year.

SM Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 17th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Friday, October 17th. SM Energy’s payout ratio is currently 12.62%.

About SM Energy

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. It has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.