Inspire Advisors LLC Acquires Shares of 5,186 SM Energy (NYSE:SM)

Inspire Advisors LLC acquired a new stake in SM Energy (NYSE:SM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,186 shares of the energy company’s stock, valued at approximately $207,000.

A number of other institutional investors also recently bought and sold shares of the business. nVerses Capital LLC raised its position in SM Energy by 161.8% during the third quarter. nVerses Capital LLC now owns 8,900 shares of the energy company’s stock worth $356,000 after acquiring an additional 5,500 shares during the last quarter. Creative Planning raised its position in SM Energy by 35.2% during the third quarter. Creative Planning now owns 63,535 shares of the energy company’s stock worth $2,539,000 after acquiring an additional 16,535 shares during the last quarter. CX Institutional raised its position in SM Energy by 9.7% during the third quarter. CX Institutional now owns 23,718 shares of the energy company’s stock worth $948,000 after acquiring an additional 2,103 shares during the last quarter. Exchange Traded Concepts LLC raised its position in SM Energy by 17.6% during the third quarter. Exchange Traded Concepts LLC now owns 23,530 shares of the energy company’s stock worth $940,000 after acquiring an additional 3,514 shares during the last quarter. Finally, Inspire Investing LLC raised its position in SM Energy by 25.1% during the third quarter. Inspire Investing LLC now owns 11,359 shares of the energy company’s stock worth $454,000 after acquiring an additional 2,277 shares during the last quarter. 94.56% of the stock is currently owned by institutional investors and hedge funds.

SM Energy Price Performance

SM Energy stock opened at $42.85 on Monday. SM Energy has a 1 year low of $34.13 and a 1 year high of $53.26. The firm has a 50 day moving average price of $43.02 and a 200 day moving average price of $45.93. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 6.72 and a beta of 4.18. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29.

SM Energy (NYSE:SM) last released its quarterly earnings data on Wednesday, August 7th. The energy company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.28. SM Energy had a net margin of 33.18% and a return on equity of 21.01%. The company had revenue of $634.56 million during the quarter, compared to the consensus estimate of $616.63 million. During the same period in the previous year, the firm earned $1.28 earnings per share. SM Energy’s revenue for the quarter was up 15.2% on a year-over-year basis. Sell-side analysts predict that SM Energy will post 6.96 earnings per share for the current year.

SM Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 4th. Shareholders of record on Friday, October 25th will be paid a dividend of $0.20 per share. This is an increase from SM Energy’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Friday, October 25th. SM Energy’s payout ratio is currently 12.54%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SM shares. Mizuho cut their target price on shares of SM Energy from $62.00 to $57.00 and set an “outperform” rating for the company in a research report on Monday, September 16th. JPMorgan Chase & Co. boosted their price objective on shares of SM Energy from $50.00 to $54.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. TD Cowen raised shares of SM Energy from a “hold” rating to a “buy” rating and cut their price objective for the company from $64.00 to $60.00 in a research report on Tuesday, October 15th. StockNews.com lowered shares of SM Energy from a “buy” rating to a “hold” rating in a research report on Friday, September 13th. Finally, Truist Financial cut their price objective on shares of SM Energy from $46.00 to $38.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $51.73.

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.