Mackenzie Financial Corp Acquires 108,803 Shares of SM Energy (NYSE:SM)

Mackenzie Financial Corp lifted its holdings in SM Energy (NYSE:SM) by 65.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 276,048 shares of the energy company’s stock after purchasing an additional 108,803 shares during the period. Mackenzie Financial Corp’s holdings in SM Energy were worth $10,689,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Penserra Capital Management LLC purchased a new stake in SM Energy in the 3rd quarter worth approximately $28,000. BluePath Capital Management LLC purchased a new stake in SM Energy in the 3rd quarter worth approximately $32,000. IFP Advisors Inc increased its holdings in SM Energy by 561.7% in the 2nd quarter. IFP Advisors Inc now owns 880 shares of the energy company’s stock worth $28,000 after acquiring an additional 747 shares in the last quarter. First Horizon Advisors Inc. purchased a new stake in SM Energy in the 1st quarter worth approximately $25,000. Finally, Nomura Asset Management Co. Ltd. increased its holdings in SM Energy by 59.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 990 shares of the energy company’s stock worth $39,000 after acquiring an additional 370 shares in the last quarter. Institutional investors own 94.56% of the company’s stock.

SM Energy Stock Up 0.1 %

NYSE SM opened at $48.09 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.45 and a current ratio of 1.45. The company has a market capitalization of $5.57 billion, a P/E ratio of 7.00 and a beta of 4.20. SM Energy has a one year low of $25.03 and a one year high of $53.26. The stock has a 50 day moving average price of $46.20 and a 200-day moving average price of $40.90.

SM Energy (NYSE:SM) last posted its earnings results on Wednesday, February 21st. The energy company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.17. The firm had revenue of $608.73 million during the quarter, compared to the consensus estimate of $611.35 million. SM Energy had a return on equity of 20.74% and a net margin of 34.45%. The company’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.29 EPS. As a group, equities analysts predict that SM Energy will post 6.15 EPS for the current fiscal year.

SM Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, April 18th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.50%. SM Energy’s dividend payout ratio is currently 10.48%.

Analysts Set New Price Targets

Several research firms recently issued reports on SM. Susquehanna increased their target price on shares of SM Energy from $38.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, February 26th. Raymond James reduced their target price on shares of SM Energy from $53.00 to $45.00 and set an “outperform” rating for the company in a report on Monday, January 8th. KeyCorp increased their price objective on shares of SM Energy from $51.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $45.00 price objective on shares of SM Energy in a report on Monday, February 5th. Finally, Seaport Res Ptn raised shares of SM Energy from a “neutral” rating to a “buy” rating in a report on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $50.86.

SM Energy Company 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.