Wealth Enhancement Advisory Services LLC Acquires Shares of 8,341 SM Energy Company $SM

Wealth Enhancement Advisory Services LLC acquired a new position in SM Energy Company (NYSE:SM) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,341 shares of the energy company’s stock, valued at approximately $216,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. MassMutual Private Wealth & Trust FSB grew its holdings in SM Energy by 332.8% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,887 shares of the energy company’s stock worth $47,000 after purchasing an additional 1,451 shares during the period. Insight Wealth Strategies LLC grew its holdings in SM Energy by 30.8% in the second quarter. Insight Wealth Strategies LLC now owns 107,381 shares of the energy company’s stock worth $2,796,000 after purchasing an additional 25,273 shares during the period. Voya Investment Management LLC grew its holdings in SM Energy by 31.4% in the first quarter. Voya Investment Management LLC now owns 97,851 shares of the energy company’s stock worth $2,931,000 after purchasing an additional 23,386 shares during the period. Inspire Investing LLC grew its holdings in SM Energy by 16.2% in the first quarter. Inspire Investing LLC now owns 13,306 shares of the energy company’s stock worth $399,000 after purchasing an additional 1,854 shares during the period. Finally, Strs Ohio purchased a new stake in SM Energy in the first quarter worth about $539,000. Hedge funds and other institutional investors own 94.56% of the company’s stock.

SM Energy Stock Performance

Shares of NYSE SM opened at $22.65 on Friday. The firm has a fifty day moving average price of $26.61 and a 200-day moving average price of $25.65. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market cap of $2.60 billion, a PE ratio of 3.20 and a beta of 2.30. SM Energy Company has a 1 year low of $19.67 and a 1 year high of $46.42.

SM Energy (NYSE:SM) last announced its quarterly earnings data 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. The firm had revenue of $792.94 million during the quarter, compared to analysts’ expectations of $792.58 million. SM Energy had a net margin of 25.94% and a return on equity of 18.06%. The company’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.85 earnings per share. Equities analysts anticipate that SM Energy Company will post 8.1 earnings per share for the current fiscal year.

SM Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 17th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.5%. SM Energy’s dividend payout ratio is 11.30%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. TD Cowen upgraded shares of SM Energy to a “strong-buy” rating in a report on Monday, July 7th. Wells Fargo & Company cut their price objective on shares of SM Energy from $33.00 to $29.00 and set an “equal weight” rating on the stock in a report on Monday, June 16th. Susquehanna upped their target price on shares of SM Energy from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Zacks Research downgraded shares of SM Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, October 3rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of SM Energy in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $40.09.

SM Energy Company 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.