SM Energy (NYSE:SM) Shares Bought by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp raised its position in SM Energy (NYSE:SM) by 21.3% during the 2nd quarter, Holdings Channel reports. The firm owned 122,793 shares of the energy company’s stock after acquiring an additional 21,534 shares during the quarter. Texas Permanent School Fund Corp’s holdings in SM Energy were worth $5,308,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Register Financial Advisors LLC acquired a new stake in SM Energy in the first quarter valued at $25,000. Hexagon Capital Partners LLC boosted its stake in shares of SM Energy by 509.7% during the first quarter. Hexagon Capital Partners LLC now owns 567 shares of the energy company’s stock valued at $28,000 after acquiring an additional 474 shares during the last quarter. Lindbrook Capital LLC boosted its stake in shares of SM Energy by 54.9% during the first quarter. Lindbrook Capital LLC now owns 581 shares of the energy company’s stock valued at $29,000 after acquiring an additional 206 shares during the last quarter. Global Retirement Partners LLC boosted its stake in shares of SM Energy by 665.6% during the first quarter. Global Retirement Partners LLC now owns 689 shares of the energy company’s stock valued at $34,000 after acquiring an additional 599 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of SM Energy by 66.8% during the first quarter. UMB Bank n.a. now owns 829 shares of the energy company’s stock valued at $41,000 after acquiring an additional 332 shares during the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

Analyst Upgrades and Downgrades

SM has been the topic of a number of analyst reports. Wells Fargo & Company decreased their price objective on SM Energy from $50.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 22nd. Tudor, Pickering, Holt & Co. raised SM Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. decreased their price objective on SM Energy from $55.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $54.00 price objective on shares of SM Energy in a research note on Tuesday, July 9th. Finally, Stephens reissued an “overweight” rating and issued a $63.00 price target on shares of SM Energy in a research note on Thursday, June 27th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $53.78.

SM Energy Stock Down 0.8 %

Shares of NYSE:SM opened at $38.78 on Friday. The stock’s 50-day moving average price is $44.04 and its two-hundred day moving average price is $46.70. The firm has a market cap of $4.46 billion, a price-to-earnings ratio of 6.08 and a beta of 4.18. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. SM Energy has a 12-month low of $34.13 and a 12-month high of $53.26.

SM Energy (NYSE:SM) last released its quarterly earnings data on Wednesday, August 7th. The energy company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.28. The company had revenue of $634.56 million for the quarter, compared to the consensus estimate of $616.63 million. SM Energy had a return on equity of 21.01% and a net margin of 33.18%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period last year, the business posted $1.28 EPS. On average, research analysts forecast that SM Energy will post 7.57 EPS for the current year.

SM Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 5th. Stockholders of record on Friday, July 19th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, July 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.86%. SM Energy’s dividend payout ratio (DPR) is 11.29%.

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.