State of Alaska Department of Revenue Purchases 4,737 Shares of SM Energy Company $SM

State of Alaska Department of Revenue raised its position in shares of SM Energy Company (NYSE:SM) by 7.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,135 shares of the energy company’s stock after acquiring an additional 4,737 shares during the quarter. State of Alaska Department of Revenue owned about 0.06% of SM Energy worth $1,682,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its position in SM Energy by 69.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,017 shares of the energy company’s stock valued at $30,000 after acquiring an additional 417 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of SM Energy by 200.8% during the first quarter. Parallel Advisors LLC now owns 1,119 shares of the energy company’s stock valued at $34,000 after purchasing an additional 747 shares during the period. Brooklyn Investment Group raised its holdings in shares of SM Energy by 1,097.9% during the first quarter. Brooklyn Investment Group now owns 1,138 shares of the energy company’s stock valued at $34,000 after purchasing an additional 1,043 shares during the period. Byrne Asset Management LLC raised its holdings in shares of SM Energy by 172.8% during the first quarter. Byrne Asset Management LLC now owns 1,473 shares of the energy company’s stock valued at $44,000 after purchasing an additional 933 shares during the period. Finally, Flaharty Asset Management LLC acquired a new position in shares of SM Energy during the first quarter valued at about $45,000. Institutional investors own 94.56% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SM shares. Mizuho dropped their price objective on shares of SM Energy from $44.00 to $39.00 and set an “outperform” rating on the stock in a report on Monday, September 15th. Raymond James Financial lowered shares of SM Energy from an “outperform” rating to an “underperform” rating in a report on Tuesday, June 24th. Susquehanna upped their price objective on shares of SM Energy from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of SM Energy in a report on Saturday, September 27th. Finally, TD Cowen upgraded shares of SM Energy to a “strong-buy” rating in a report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $41.55.

SM Energy Stock Up 4.7%

SM Energy stock opened at $25.92 on Friday. SM Energy Company has a twelve month low of $19.67 and a twelve month high of $46.42. The firm has a 50 day moving average price of $26.95 and a 200-day moving average price of $25.87. The company has a market capitalization of $2.98 billion, a P/E ratio of 3.66 and a beta of 2.30. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.59.

SM Energy (NYSE:SM) last released its earnings results on Thursday, July 31st. The energy company reported $1.50 earnings per share for the quarter, beating 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 firm had revenue of $792.94 million during the quarter, compared to the consensus estimate of $792.58 million. During the same period 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, equities analysts predict that SM Energy Company will post 8.1 EPS for the current year.

SM Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 17th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, October 17th. SM Energy’s dividend payout ratio is currently 11.30%.

About SM Energy

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.