Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke Sells 1,000 Shares

Posted by Grant Hamersma on Feb 21st, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of Summit Midstream stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $44.23, for a total transaction of $44,230.00. Following the sale, the chief executive officer now owns 247,326 shares of the company’s stock, valued at approximately $10,939,228.98. This trade represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

J Heath Deneke also recently made the following trade(s):

On Tuesday, February 18th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $44.98, for a total transaction of $44,980.00.
On Friday, February 14th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $44.20, for a total transaction of $44,200.00.
On Wednesday, February 12th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $43.80, for a total transaction of $43,800.00.
On Monday, February 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $43.43, for a total transaction of $43,430.00.
On Friday, February 7th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $42.67, for a total transaction of $42,670.00.
On Wednesday, February 5th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $42.78, for a total transaction of $42,780.00.
On Monday, February 3rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $41.04, for a total transaction of $41,040.00.
On Friday, January 31st, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $41.49, for a total transaction of $41,490.00.
On Wednesday, January 29th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $40.88, for a total transaction of $40,880.00.
On Monday, January 27th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $40.80, for a total transaction of $40,800.00.

Summit Midstream Price Performance

SMC stock traded down $1.66 during midday trading on Friday, reaching $43.47. 84,862 shares of the company’s stock traded hands, compared to its average volume of 77,658. The company has a market cap of $462.90 million, a P/E ratio of -3.39 and a beta of 2.37. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.33 and a quick ratio of 1.33. Summit Midstream Corporation has a fifty-two week low of $17.11 and a fifty-two week high of $45.89. The stock’s 50-day simple moving average is $39.76.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SMC. Fractal Investments LLC acquired a new position in Summit Midstream during the third quarter valued at approximately $1,576,000. Pekin Hardy Strauss Inc. acquired a new position in Summit Midstream during the third quarter valued at approximately $1,311,000. Virtus Fund Advisers LLC acquired a new position in Summit Midstream during the third quarter valued at approximately $3,794,000. Jane Street Group LLC acquired a new position in Summit Midstream during the third quarter valued at approximately $227,000. Finally, Barclays PLC acquired a new position in shares of Summit Midstream during the third quarter worth $194,000. 42.97% of the stock is owned by institutional investors and hedge funds.

Summit Midstream Company Profile

(Get Free Report)

Summit Midstream Corporation focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. It operates natural gas, crude oil, and produced water gathering systems in four unconventional resource basins, including the Williston Basin in North Dakota, which includes the Bakken and Three Forks shale formations; the Denver-Julesburg Basin that consists of the Niobrara and Codell shale formations in Colorado and Wyoming; the Fort Worth Basin in Texas, which comprises the Barnett Shale formation; and the Piceance Basin in Colorado, which includes the Mesaverde formation, as well as the emerging Mancos and Niobrara Shale formations.