Summit Midstream Corporation (NYSE:SMC) CEO Sells $34,670.00 in Stock

Posted by Brian Himes on Mar 31st, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the firm’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $34.67, for a total value of $34,670.00. Following the completion of the transaction, the chief executive officer now owns 266,170 shares of the company’s stock, valued at $9,228,113.90. The trade was a 0.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

On Wednesday, March 26th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $35.33, for a total value of $35,330.00.
On Monday, March 24th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $36.32, for a total transaction of $36,320.00.
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 transaction of $36,300.00.
On Wednesday, March 19th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.68, for a total transaction of $37,680.00.
On Monday, March 17th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $38.50, for a total transaction 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 shares were 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 transaction of $40,550.00.

Summit Midstream Stock Performance

NYSE SMC opened at $34.25 on Monday. Summit Midstream Corporation has a 52-week low of $31.81 and a 52-week high of $45.89. The stock has a market cap of $638.50 million, a PE ratio of -2.67 and a beta of 2.28. The firm has a 50-day moving average of $40.86 and a 200-day moving average of $37.85. 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 issued its quarterly earnings data on Friday, March 21st. The company reported ($2.40) earnings per share (EPS) for the quarter. Summit Midstream had a positive return on equity of 0.71% and a negative net margin of 23.01%. During the same quarter last year, the company earned ($2.12) EPS.

Institutional Trading of Summit Midstream

Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets bought a new position in Summit Midstream during the 4th quarter worth $57,000. Tower Research Capital LLC TRC grew its stake in shares of Summit Midstream by 1,106.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,112 shares of the company’s stock valued at $118,000 after acquiring an additional 2,854 shares in the last quarter. SG Americas Securities LLC bought a new position in Summit Midstream during the fourth quarter worth about $159,000. EntryPoint Capital LLC bought a new position in Summit Midstream during the fourth quarter worth about $207,000. Finally, Barclays PLC acquired a new stake in Summit Midstream in the 3rd quarter worth about $194,000. 42.97% of the stock is currently owned by institutional investors.

About Summit Midstream

(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.