Envestnet Portfolio Solutions Inc. Increases Stock Holdings in SM Energy (NYSE:SM)

Envestnet Portfolio Solutions Inc. increased its holdings in shares of SM Energy (NYSE:SM) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,214 shares of the energy company’s stock after buying an additional 677 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in SM Energy were worth $473,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Millburn Ridgefield Corp purchased a new stake in shares of SM Energy during the 3rd quarter valued at $55,000. R Squared Ltd acquired a new position in SM Energy in the fourth quarter valued at $61,000. Legacy Investment Solutions LLC purchased a new stake in SM Energy during the third quarter valued at about $83,000. Global Retirement Partners LLC increased its stake in SM Energy by 51.0% during the fourth quarter. Global Retirement Partners LLC now owns 2,179 shares of the energy company’s stock worth $84,000 after acquiring an additional 736 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in SM Energy by 517.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,140 shares of the energy company’s stock worth $159,000 after acquiring an additional 3,470 shares during the last quarter. 94.56% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SM. StockNews.com cut SM Energy from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Mizuho decreased their price objective on shares of SM Energy from $57.00 to $55.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Stephens reissued an “overweight” rating and issued a $57.00 target price on shares of SM Energy in a research note on Thursday, January 2nd. Raymond James decreased their price target on shares of SM Energy from $59.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, March 10th. Finally, Truist Financial raised their price objective on SM Energy from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.00.

SM Energy Price Performance

Shares of SM stock opened at $30.57 on Wednesday. The firm has a market cap of $3.50 billion, a P/E ratio of 4.58 and a beta of 4.14. The firm has a fifty day moving average of $35.51 and a two-hundred day moving average of $39.60. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.55 and a quick ratio of 3.52. SM Energy has a 1-year low of $26.66 and a 1-year high of $53.26.

SM Energy (NYSE:SM) last announced its quarterly earnings data on Wednesday, February 19th. The energy company reported $1.91 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.09). SM Energy had a net margin of 28.63% and a return on equity of 19.82%. The firm had revenue of $852.22 million during the quarter, compared to the consensus estimate of $849.44 million. As a group, research analysts anticipate that SM Energy will post 8.1 earnings per share for the current fiscal year.

SM Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 24th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.62%. The ex-dividend date was Friday, January 24th. SM Energy’s dividend payout ratio (DPR) is presently 11.98%.

Insiders Place Their Bets

In related news, Director Barton R. Brookman, Jr. bought 7,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was bought at an average cost of $32.36 per share, with a total value of $226,520.00. Following the completion of the acquisition, the director now owns 14,666 shares of the company’s stock, valued at $474,591.76. This trade represents a 91.31 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

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.