TD Asset Management Inc Has $2.78 Million Stock Holdings in SM Energy (NYSE:SM)

TD Asset Management Inc increased its position in shares of SM Energy (NYSE:SMFree Report) by 116.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,800 shares of the energy company’s stock after acquiring an additional 38,700 shares during the quarter. TD Asset Management Inc owned about 0.06% of SM Energy worth $2,780,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SM. Jump Financial LLC bought a new stake in shares of SM Energy in the fourth quarter worth about $2,992,000. Miller Howard Investments Inc. NY acquired a new position in shares of SM Energy in the 4th quarter valued at approximately $3,373,000. Tributary Capital Management LLC increased its stake in SM Energy by 27.3% during the 4th quarter. Tributary Capital Management LLC now owns 574,120 shares of the energy company’s stock worth $22,230,000 after purchasing an additional 123,126 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in SM Energy by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,593,103 shares of the energy company’s stock worth $61,685,000 after buying an additional 64,781 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in SM Energy by 23.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 209,641 shares of the energy company’s stock valued at $8,117,000 after buying an additional 40,158 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SM. StockNews.com lowered shares of SM Energy from a “buy” rating to a “hold” rating in a report on Friday. JPMorgan Chase & Co. lifted their price target on SM Energy from $49.00 to $54.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Susquehanna upped their price objective on SM Energy from $42.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Wells Fargo & Company increased their price objective on SM Energy from $45.00 to $51.00 and gave the stock an “equal weight” rating in a report on Thursday, April 18th. Finally, KeyCorp boosted their target price on SM Energy from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, SM Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.57.

Get Our Latest Analysis on SM Energy

Insider Activity

In other news, SVP Kenneth J. Knott sold 16,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $50.28, for a total value of $804,480.00. Following the completion of the sale, the senior vice president now directly owns 114,495 shares of the company’s stock, valued at $5,756,808.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.50% of the stock is owned by insiders.

SM Energy Stock Performance

Shares of NYSE SM opened at $47.02 on Friday. The stock has a market capitalization of $5.41 billion, a PE ratio of 7.37 and a beta of 4.15. SM Energy has a 52 week low of $27.37 and a 52 week high of $53.26. The stock has a 50 day moving average price of $49.63 and a 200 day moving average price of $43.16. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.48.

SM Energy (NYSE:SMGet Free Report) last released its earnings results on Thursday, May 2nd. The energy company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.13. The business had revenue of $559.87 million during the quarter, compared to analysts’ expectations of $568.21 million. SM Energy had a net margin of 31.80% and a return on equity of 20.10%. Analysts predict that SM Energy will post 6.63 earnings per share for the current fiscal year.

SM Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 3rd. Stockholders of record on Friday, April 19th were paid a dividend of $0.18 per share. The ex-dividend date was Thursday, April 18th. This represents a $0.72 annualized dividend and a dividend yield of 1.53%. SM Energy’s dividend payout ratio is presently 11.29%.

SM Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for SM Energy (NYSE:SM)

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