MassMutual Private Wealth & Trust FSB Increases Stock Position in SM Energy Company $SM

MassMutual Private Wealth & Trust FSB raised its holdings in SM Energy Company (NYSE:SM) by 332.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,887 shares of the energy company’s stock after purchasing an additional 1,451 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in SM Energy were worth $47,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its holdings in SM Energy by 69.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,017 shares of the energy company’s stock valued at $30,000 after purchasing an additional 417 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of SM Energy by 200.8% during the 1st quarter. Parallel Advisors LLC now owns 1,119 shares of the energy company’s stock valued at $34,000 after acquiring an additional 747 shares during the period. Brooklyn Investment Group lifted its position in shares of SM Energy by 1,097.9% during the 1st quarter. Brooklyn Investment Group now owns 1,138 shares of the energy company’s stock valued at $34,000 after acquiring an additional 1,043 shares during the period. Byrne Asset Management LLC lifted its position in shares of SM Energy by 172.8% during the 1st quarter. Byrne Asset Management LLC now owns 1,473 shares of the energy company’s stock valued at $44,000 after acquiring an additional 933 shares during the period. Finally, Flaharty Asset Management LLC acquired a new stake in shares of SM Energy during the 1st quarter valued at approximately $45,000. Hedge funds and other institutional investors own 94.56% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on SM. Wells Fargo & Company reduced their price target on shares of SM Energy from $33.00 to $29.00 and set an “equal weight” rating for the company in a research report on Monday, June 16th. Mizuho lowered their target price on shares of SM Energy from $44.00 to $39.00 and set an “outperform” rating for the company in a research note on Monday, September 15th. TD Cowen raised shares of SM Energy to a “strong-buy” rating in a research note on Monday, July 7th. Raymond James Financial cut shares of SM Energy from an “outperform” rating to an “underperform” rating in a research report on Tuesday, June 24th. Finally, Susquehanna upped their price target on shares of SM Energy from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $42.08.

SM Energy Stock Down 6.2%

Shares of NYSE:SM opened at $25.67 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.69 and a current ratio of 0.69. The company has a market cap of $2.95 billion, a PE ratio of 3.63 and a beta of 2.46. SM Energy Company has a 52 week low of $19.67 and a 52 week high of $46.42. The firm has a 50 day simple moving average of $27.06 and a 200 day simple moving average of $26.04.

SM Energy (NYSE:SM) last released its earnings results on Thursday, July 31st. The energy company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.27. SM Energy had a net margin of 25.94% and a return on equity of 18.06%. The company had revenue of $792.94 million during the quarter, compared to the consensus estimate of $792.58 million. During the same quarter in the prior year, the firm earned $1.85 EPS. The company’s revenue was up 25.0% compared to the same quarter last year. As a group, research analysts expect that SM Energy Company will post 8.1 earnings per share for the current year.

SM Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 4th. Stockholders of record on Friday, July 18th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, July 18th. This represents a $0.80 annualized dividend and a dividend yield of 3.1%. SM Energy’s dividend payout ratio is 11.30%.

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.