Quantinno Capital Management LP Makes New $252,000 Investment in SM Energy (NYSE:SM)

Quantinno Capital Management LP bought a new stake in SM Energy (NYSE:SM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,316 shares of the energy company’s stock, valued at approximately $252,000.

Several other large investors have also modified their holdings of the stock. CWM LLC raised its stake in shares of SM Energy by 11.4% during the 3rd quarter. CWM LLC now owns 2,853 shares of the energy company’s stock worth $114,000 after buying an additional 293 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in SM Energy by 2.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 11,045 shares of the energy company’s stock worth $477,000 after acquiring an additional 300 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in SM Energy by 7.0% in the third quarter. Sequoia Financial Advisors LLC now owns 5,843 shares of the energy company’s stock worth $234,000 after acquiring an additional 380 shares in the last quarter. Arizona State Retirement System boosted its position in shares of SM Energy by 1.4% during the 2nd quarter. Arizona State Retirement System now owns 32,403 shares of the energy company’s stock worth $1,401,000 after purchasing an additional 437 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of SM Energy by 16.7% during the 3rd quarter. KBC Group NV now owns 3,321 shares of the energy company’s stock worth $133,000 after purchasing an additional 476 shares during the period. Hedge funds and other institutional investors own 94.56% of the company’s stock.

SM Energy Stock Performance

Shares of NYSE SM opened at $39.39 on Tuesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.52 and a quick ratio of 3.52. The company has a market cap of $4.51 billion, a PE ratio of 5.50 and a beta of 4.14. The company has a 50-day simple moving average of $43.05 and a 200-day simple moving average of $43.90. SM Energy has a 12 month low of $34.76 and a 12 month high of $53.26.

SM Energy (NYSE:SM) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.10. SM Energy had a return on equity of 19.62% and a net margin of 33.89%. The company had revenue of $643.60 million during the quarter, compared to the consensus estimate of $643.67 million. During the same period in the previous year, the firm posted $1.73 EPS. SM Energy’s revenue was up .4% on a year-over-year basis. On average, equities analysts anticipate that SM Energy will post 6.77 earnings per share for the current year.

SM Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Friday, October 25th were given a dividend of $0.20 per share. The ex-dividend date was Friday, October 25th. 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 2.03%. SM Energy’s dividend payout ratio is 11.17%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SM shares. JPMorgan Chase & Co. reissued a “neutral” rating and set a $53.00 price objective (up previously from $51.00) on shares of SM Energy in a report on Wednesday, December 4th. KeyCorp decreased their price target on SM Energy from $65.00 to $60.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $50.00 price objective on shares of SM Energy in a research note on Tuesday, October 8th. Truist Financial reduced their price objective on SM Energy from $46.00 to $38.00 and set a “hold” rating for the company in a report on Monday, September 30th. Finally, BMO Capital Markets lowered their target price on SM Energy from $50.00 to $48.00 and set a “market perform” rating on the stock in a report on Friday, October 4th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, SM Energy has a consensus rating of “Moderate Buy” and a consensus price target of $50.82.

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.