Janney Montgomery Scott LLC Has $637,000 Holdings in SM Energy Company (NYSE:SM)

Janney Montgomery Scott LLC raised its stake in SM Energy Company (NYSE:SM) by 2.5% in the first quarter, Holdings Channel.com reports. The firm owned 21,258 shares of the energy company’s stock after acquiring an additional 518 shares during the period. Janney Montgomery Scott LLC’s holdings in SM Energy were worth $637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in shares of SM Energy by 2.1% during the 4th quarter. Bank of New York Mellon Corp now owns 1,234,890 shares of the energy company’s stock worth $47,864,000 after purchasing an additional 25,857 shares in the last quarter. Fisher Asset Management LLC boosted its stake in SM Energy by 214.7% during the fourth quarter. Fisher Asset Management LLC now owns 519,302 shares of the energy company’s stock worth $20,128,000 after buying an additional 354,297 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in SM Energy by 517.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,140 shares of the energy company’s stock valued at $159,000 after buying an additional 3,470 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in SM Energy by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,255,841 shares of the energy company’s stock valued at $48,676,000 after buying an additional 32,803 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of SM Energy by 13.8% in the 4th quarter. Victory Capital Management Inc. now owns 116,413 shares of the energy company’s stock valued at $4,512,000 after buying an additional 14,089 shares in the last quarter. 94.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SM. Susquehanna decreased their target price on shares of SM Energy from $39.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 22nd. Mizuho lowered their price objective on SM Energy from $46.00 to $42.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 13th. Wells Fargo & Company cut their target price on 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. Raymond James Financial lowered SM Energy from an “outperform” rating to an “underperform” rating in a research note on Tuesday, June 24th. Finally, JPMorgan Chase & Co. lowered their price target on SM Energy from $54.00 to $41.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, SM Energy currently has an average rating of “Hold” and a consensus target price of $42.08.

SM Energy Trading Up 5.2%

SM stock opened at $26.00 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 3.64 and a beta of 2.17. The business has a fifty day moving average price of $24.52 and a 200 day moving average price of $30.65. SM Energy Company has a fifty-two week low of $19.67 and a fifty-two week high of $48.49.

SM Energy (NYSE:SM) last announced its earnings results on Thursday, May 1st. The energy company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.16. SM Energy had a return on equity of 19.90% and a net margin of 27.61%. The company had revenue of $844.54 million during the quarter, compared to analyst estimates of $814.62 million. During the same period last year, the company posted $1.13 earnings per share. The firm’s quarterly revenue was up 50.8% compared to the same quarter last year. Analysts expect that SM Energy Company will post 8.1 EPS for the current fiscal year.

SM Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Friday, July 18th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Friday, July 18th. SM Energy’s payout ratio is presently 11.20%.

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.