J Heath Deneke Sells 1,000 Shares of Summit Midstream Corporation (NYSE:SMC) Stock

Posted by Stanley Muller on Mar 21st, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $37.68, for a total value of $37,680.00. Following the transaction, the chief executive officer now directly owns 273,170 shares in the company, valued at $10,293,045.60. The trade was a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

J Heath Deneke also recently made the following trade(s):

On Friday, March 21st, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $36.30, for a total value of $36,300.00.
On Monday, March 17th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $38.50, for a total value of $38,500.00.
On Friday, March 14th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.47, for a total value of $37,470.00.
On Wednesday, March 12th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $38.04, for a total value of $38,040.00.
On Monday, March 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $38.52, for a total value of $38,520.00.
On Friday, March 7th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $39.23, for a total value of $39,230.00.
On Wednesday, March 5th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $40.55, for a total value of $40,550.00.
On Monday, March 3rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $43.50, for a total value of $43,500.00.
On Friday, February 28th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $44.28, for a total value of $44,280.00.
On Wednesday, February 26th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $41.96, for a total value of $41,960.00.

Summit Midstream Stock Down 3.5 %

Shares of NYSE SMC traded down $1.32 during mid-day trading on Friday, reaching $36.18. 301,393 shares of the company traded hands, compared to its average volume of 75,563. The company’s fifty day moving average is $41.22 and its two-hundred day moving average is $37.91. Summit Midstream Corporation has a fifty-two week low of $31.81 and a fifty-two week high of $45.89. The stock has a market cap of $385.23 million, a PE ratio of -2.82 and a beta of 2.28. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.33 and a current ratio of 1.33.

Summit Midstream (NYSE:SMC – Get Free Report) last announced its earnings results on Friday, March 21st. The company reported ($2.40) earnings per share for the quarter. Summit Midstream had a negative net margin of 23.01% and a positive return on equity of 0.71%. During the same period in the prior year, the company posted ($2.12) EPS.

Institutional Trading of Summit Midstream

Several hedge funds have recently added to or reduced their stakes in SMC. Pekin Hardy Strauss Inc. bought a new stake in Summit Midstream during the 3rd quarter valued at approximately $1,311,000. Virtus Fund Advisers LLC bought a new stake in shares of Summit Midstream in the 3rd quarter worth approximately $3,794,000. Jane Street Group LLC bought a new stake in shares of Summit Midstream in the 3rd quarter worth approximately $227,000. Barclays PLC bought a new stake in shares of Summit Midstream in the 3rd quarter worth approximately $194,000. Finally, Geode Capital Management LLC bought a new stake in shares of Summit Midstream in the 3rd quarter worth approximately $3,313,000. Institutional investors own 42.97% of the company’s stock.

Summit Midstream Company Profile

(Get Free Report)

Summit Midstream Corporation focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. It operates natural gas, crude oil, and produced water gathering systems in four unconventional resource basins, including the Williston Basin in North Dakota, which includes the Bakken and Three Forks shale formations; the Denver-Julesburg Basin that consists of the Niobrara and Codell shale formations in Colorado and Wyoming; the Fort Worth Basin in Texas, which comprises the Barnett Shale formation; and the Piceance Basin in Colorado, which includes the Mesaverde formation, as well as the emerging Mancos and Niobrara Shale formations.