SM Energy (NYSE:SM) Shares Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. grew its stake in SM Energy (NYSE:SM) by 80.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,520 shares of the energy company’s stock after purchasing an additional 679 shares during the period. Harbor Capital Advisors Inc.’s holdings in SM Energy were worth $46,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Range Financial Group LLC increased its holdings in shares of SM Energy by 16.9% in the first quarter. Range Financial Group LLC now owns 25,119 shares of the energy company’s stock valued at $752,000 after purchasing an additional 3,624 shares during the period. Wedge Capital Management L L P NC grew its holdings in SM Energy by 3.9% during the first quarter. Wedge Capital Management L L P NC now owns 582,370 shares of the energy company’s stock worth $17,442,000 after acquiring an additional 22,126 shares during the period. Congress Asset Management Co. grew its holdings in SM Energy by 15.8% during the first quarter. Congress Asset Management Co. now owns 1,259,627 shares of the energy company’s stock worth $37,726,000 after acquiring an additional 172,161 shares during the period. Portside Wealth Group LLC acquired a new position in SM Energy during the first quarter worth $164,000. Finally, Rhumbline Advisers grew its holdings in SM Energy by 2.3% during the first quarter. Rhumbline Advisers now owns 402,867 shares of the energy company’s stock worth $12,066,000 after acquiring an additional 9,003 shares during the period. Institutional investors and hedge funds own 94.56% of the company’s stock.

SM Energy Stock Up 4.2%

SM opened at $28.28 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.52 and a current ratio of 0.55. SM Energy has a one year low of $19.67 and a one year high of $50.20. The business’s fifty day moving average is $23.61 and its two-hundred day moving average is $31.89. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 4.23 and a beta of 2.19.

SM Energy (NYSE:SM) last issued its quarterly earnings data on Thursday, May 1st. The energy company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.16. SM Energy had a return on equity of 19.82% and a net margin of 28.63%. The business had revenue of $844.54 million for the quarter, compared to the consensus estimate of $814.62 million. During the same period in the prior year, the business earned $1.13 earnings per share. The business’s revenue was up 50.8% on a year-over-year basis. Analysts anticipate that SM Energy will post 8.1 EPS for the current fiscal year.

SM Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Friday, April 18th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $0.80 annualized dividend and a dividend yield of 2.83%. SM Energy’s dividend payout ratio is currently 11.20%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SM shares. Raymond James reaffirmed an “outperform” rating and set a $34.00 price objective (up previously from $30.00) on shares of SM Energy in a report on Wednesday, May 28th. Stephens dropped their price objective on SM Energy from $62.00 to $55.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Williams Trading set a $41.00 price objective on SM Energy in a report on Wednesday, March 5th. Wall Street Zen lowered SM Energy from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, Susquehanna dropped their price objective on SM Energy from $39.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.42.

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.