7,773 Shares in SM Energy (NYSE:SM) Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC bought a new position in shares of SM Energy (NYSE:SM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,773 shares of the energy company’s stock, valued at approximately $311,000.

Several other institutional investors have also recently made changes to their positions in the business. Plato Investment Management Ltd increased its holdings in SM Energy by 461.9% in the second quarter. Plato Investment Management Ltd now owns 590 shares of the energy company’s stock valued at $26,000 after buying an additional 485 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in SM Energy by 63.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 872 shares of the energy company’s stock valued at $38,000 after buying an additional 340 shares in the last quarter. Mather Group LLC. purchased a new position in SM Energy in the second quarter valued at $44,000. Blue Trust Inc. increased its holdings in SM Energy by 3,434.5% in the third quarter. Blue Trust Inc. now owns 1,025 shares of the energy company’s stock valued at $44,000 after buying an additional 996 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in SM Energy in the first quarter valued at $57,000. Hedge funds and other institutional investors own 94.56% of the company’s stock.

SM Energy Stock Performance

SM opened at $43.37 on Monday. The firm has a market capitalization of $4.96 billion, a PE ratio of 6.06 and a beta of 4.18. SM Energy has a twelve month low of $34.13 and a twelve month high of $53.26. The firm’s 50-day moving average price is $42.05 and its 200 day moving average price is $45.02. The company has a current ratio of 3.52, a quick ratio of 1.29 and a debt-to-equity ratio of 0.67.

SM Energy (NYSE:SM) last posted its 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. The company had revenue of $643.60 million for the quarter, compared to analyst estimates of $643.67 million. SM Energy had a net margin of 33.89% and a return on equity of 19.62%. SM Energy’s revenue was up .4% on a year-over-year basis. During the same period in the previous year, the business posted $1.73 EPS. As a group, sell-side analysts expect that SM Energy will post 6.77 EPS for the current fiscal year.

SM Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 4th. Shareholders of record on Friday, October 25th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.84%. This is a positive change from SM Energy’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, October 25th. SM Energy’s payout ratio is presently 11.17%.

Wall Street Analysts Forecast Growth

SM has been the subject of a number of recent analyst reports. Mizuho cut their price objective on shares of SM Energy from $62.00 to $57.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Tudor Pickering upgraded shares of SM Energy to a “strong-buy” rating in a research report on Wednesday, August 21st. Tudor, Pickering, Holt & Co. upgraded shares of SM Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, August 21st. Truist Financial dropped their target price on shares of SM Energy from $46.00 to $38.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Finally, Wells Fargo & Company dropped their target price on shares of SM Energy from $48.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 1st. Six 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $50.73.

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.