SM Energy Company $SM Shares Bought by Cetera Investment Advisers

Posted by Francis Steltz on Aug 6th, 2026

Cetera Investment Advisers raised its stake in shares of SM Energy Company (NYSE:SM – Free Report) by 405.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 108,019 shares of the energy company’s stock after acquiring an additional 86,658 shares during the period. Cetera Investment Advisers’ holdings in SM Energy were worth $3,368,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Aegis Financial Corp purchased a new stake in shares of SM Energy in the first quarter worth about $17,204,000. First Citizens Bank & Trust Co. acquired a new stake in SM Energy during the first quarter worth about $1,259,000. First Trust Advisors LP raised its position in SM Energy by 72.8% during the first quarter. First Trust Advisors LP now owns 1,290,485 shares of the energy company’s stock valued at $40,237,000 after acquiring an additional 543,769 shares in the last quarter. PNC Financial Services Group Inc. raised its position in SM Energy by 162.0% during the first quarter. PNC Financial Services Group Inc. now owns 19,191 shares of the energy company’s stock valued at $598,000 after acquiring an additional 11,866 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in SM Energy by 79.5% in the first quarter. Dimensional Fund Advisors LP now owns 9,995,353 shares of the energy company’s stock valued at $311,678,000 after acquiring an additional 4,426,751 shares during the period. Hedge funds and other institutional investors own 94.56% of the company’s stock.

SM Energy Price Performance

Shares of SM Energy stock opened at $29.01 on Thursday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.98. SM Energy Company has a twelve month low of $17.45 and a twelve month high of $35.88. The business has a 50-day moving average price of $29.87 and a 200 day moving average price of $27.63. The firm has a market cap of $6.95 billion, a PE ratio of 12.19 and a beta of 0.73.

SM Energy (NYSE:SM – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The energy company reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.23. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.02 billion. SM Energy had a return on equity of 13.93% and a net margin of 3.45%.SM Energy’s quarterly revenue was up 215.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.50 EPS. Sell-side analysts predict that SM Energy Company will post 6.95 earnings per share for the current fiscal year.

SM Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 8th were given a $0.22 dividend. The ex-dividend date was Monday, June 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.0%. SM Energy’s payout ratio is 36.97%.

Key Stories Impacting SM Energy

Here are the key news stories impacting SM Energy this week:

Positive Sentiment: Adjusted earnings were $2.19 per share, exceeding estimates of approximately $1.93–$1.96 and rising from $1.50 a year earlier. Revenue reached $2.50 billion, well above the $2.02 billion consensus, while year-over-year revenue growth was 215.3%. SM Energy Q2 earnings and revenues beat estimates
Positive Sentiment: Operational performance was also strong: production totaled roughly 440 thousand barrels of oil equivalent per day, including about 230 thousand barrels of oil per day. SM Energy raised its second-half production outlook to 435–440 Mboe/d while maintaining full-year capital spending guidance of $2.65 billion–$2.85 billion. SM Energy reports second-quarter 2026 results
Positive Sentiment: Record operating cash flow of approximately $1.1 billion, $137 million returned through dividends and repurchases, and progress toward merger-related synergies reinforce the company’s cash-generation profile. SM Energy also sold South Texas assets for $950 million and used proceeds to redeem $819 million of 2026 notes.
Positive Sentiment: The company plans to redeem all remaining $417 million of 6.625% senior notes due 2027 on September 4 using cash on hand, which should reduce future interest expense and refinancing risk. SM Energy announces redemption of senior notes
Neutral Sentiment: Despite the fundamental beats and raised production outlook, the shares decreased, indicating that investors may have been expecting particularly strong results or remain focused on commodity prices, capital spending, and integration execution. The supplied reports do not identify a specific negative surprise.
Neutral Sentiment: A report about SM Energy’s Draco drilling plan was described as misinformation, so it does not appear to represent a change to the company’s operating plans.

Wall Street Analyst Weigh In

Several research firms have commented on SM. Wells Fargo & Company upped their price objective on SM Energy from $29.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Monday, May 18th. Zacks Research lowered shares of SM Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. UBS Group assumed coverage on shares of SM Energy in a report on Tuesday, July 14th. They set a “buy” rating and a $36.00 target price for the company. Truist Financial decreased their target price on shares of SM Energy from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Finally, Wall Street Zen raised shares of SM Energy from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $36.53.

Check Out Our Latest Report on SM

Insider Buying and Selling at SM Energy

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

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.