Summit Midstream Corporation (NYSE:SMC) CEO Sells $38,500.00 in Stock

Posted by Chris Copeland on Mar 21st, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $38.50, for a total value of $38,500.00. Following the completion of the transaction, the chief executive officer now directly owns 275,170 shares of the company’s stock, valued at approximately $10,594,045. The trade was a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

On Friday, March 14th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.47, for a total value of $37,470.00.
On Wednesday, March 12th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $38.04, for a total transaction of $38,040.00.
On Monday, March 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $38.52, for a total transaction of $38,520.00.
On Friday, March 7th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $39.23, for a total transaction of $39,230.00.
On Wednesday, March 5th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $40.55, for a total transaction of $40,550.00.
On Monday, March 3rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $43.50, for a total value of $43,500.00.
On Friday, February 28th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $44.28, for a total value of $44,280.00.
On Wednesday, February 26th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $41.96, for a total value of $41,960.00.
On Monday, February 24th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $42.63, for a total value of $42,630.00.
On Thursday, February 20th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $44.23, for a total transaction of $44,230.00.

Summit Midstream Stock Down 1.2 %

SMC stock opened at $37.46 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.20. Summit Midstream Corporation has a 52 week low of $31.81 and a 52 week high of $45.89. The stock has a market capitalization of $398.91 million, a PE ratio of -2.92 and a beta of 2.28. The firm has a 50 day moving average of $41.22 and a 200 day moving average of $37.91.

Summit Midstream (NYSE:SMC – Get Free Report) last announced its quarterly earnings data on Monday, March 10th. The company reported ($2.19) earnings per share for the quarter. The company had revenue of $107.02 million for the quarter. Summit Midstream had a negative net margin of 23.01% and a positive return on equity of 0.71%.

Institutional Trading of Summit Midstream

Several large investors have recently added to or reduced their stakes in the company. Barclays PLC acquired a new stake in shares of Summit Midstream during the third quarter worth about $194,000. Graham Capital Wealth Management LLC purchased a new position in Summit Midstream during the 4th quarter worth approximately $3,061,000. AlphaQuest LLC acquired a new stake in Summit Midstream during the 4th quarter valued at approximately $363,000. Virtus Fund Advisers LLC purchased a new stake in shares of Summit Midstream in the 3rd quarter valued at $3,794,000. Finally, Jane Street Group LLC acquired a new stake in shares of Summit Midstream in the third quarter worth $227,000. Hedge funds and other institutional investors own 42.97% of the company’s stock.

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.