Homestead Advisers Corp Decreases Stake in SM Energy (NYSE:SM)

Homestead Advisers Corp reduced its holdings in shares of SM Energy (NYSE:SM) by 12.3% during the fourth quarter, HoldingsChannel reports. The firm owned 129,200 shares of the energy company’s stock after selling 18,200 shares during the period. Homestead Advisers Corp’s holdings in SM Energy were worth $5,008,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. State Street Corp boosted its holdings in shares of SM Energy by 1.9% during the 3rd quarter. State Street Corp now owns 6,287,815 shares of the energy company’s stock valued at $251,324,000 after acquiring an additional 114,664 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of SM Energy by 22.0% during the 4th quarter. JPMorgan Chase & Co. now owns 4,632,255 shares of the energy company’s stock valued at $179,546,000 after purchasing an additional 835,929 shares during the period. American Century Companies Inc. boosted its holdings in shares of SM Energy by 8.8% in the fourth quarter. American Century Companies Inc. now owns 3,682,093 shares of the energy company’s stock worth $142,718,000 after buying an additional 296,601 shares during the last quarter. Geode Capital Management LLC increased its holdings in SM Energy by 1.1% during the third quarter. Geode Capital Management LLC now owns 2,693,372 shares of the energy company’s stock valued at $107,675,000 after buying an additional 29,911 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in SM Energy by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,255,841 shares of the energy company’s stock worth $48,676,000 after acquiring an additional 32,803 shares during the period. 94.56% of the stock is currently owned by institutional investors.

SM Energy Stock Up 0.9 %

Shares of NYSE:SM opened at $30.80 on Thursday. The firm’s 50-day moving average is $35.23 and its two-hundred day moving average is $39.54. The firm has a market capitalization of $3.52 billion, a PE ratio of 4.61 and a beta of 4.14. SM Energy has a 1 year low of $26.66 and a 1 year high of $53.26. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.55 and a quick ratio of 3.52.

SM Energy (NYSE:SM) last issued its quarterly earnings data on Wednesday, February 19th. The energy company reported $1.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.09). SM Energy had a return on equity of 19.82% and a net margin of 28.63%. The firm had revenue of $852.22 million for the quarter, compared to analysts’ expectations of $849.44 million. Analysts predict that SM Energy will post 8.1 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Raymond James decreased their target price on SM Energy from $59.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, March 10th. Williams Trading set a $41.00 target price on SM Energy in a research note on Wednesday, March 5th. Mizuho decreased their price target on shares of SM Energy from $57.00 to $55.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. StockNews.com downgraded SM Energy from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Truist Financial lifted their price target on SM Energy from $42.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $48.00.

Insiders Place Their Bets

In related news, Director Barton R. Brookman, Jr. acquired 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average price of $32.36 per share, with a total value of $226,520.00. Following the completion of the purchase, the director now directly owns 14,666 shares in the company, valued at approximately $474,591.76. The trade was a 91.31 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by company insiders.

SM Energy Profile

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.