California State Teachers Retirement System Has $7.81 Million Position in SM Energy Company $SM

California State Teachers Retirement System raised its stake in shares of SM Energy Company (NYSE:SM) by 127.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 250,381 shares of the energy company’s stock after purchasing an additional 140,478 shares during the period. California State Teachers Retirement System’s holdings in SM Energy were worth $7,807,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in shares of SM Energy by 79.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,995,353 shares of the energy company’s stock worth $311,678,000 after purchasing an additional 4,426,751 shares during the last quarter. State Street Corp grew its holdings in SM Energy by 1.7% in the 4th quarter. State Street Corp now owns 6,257,360 shares of the energy company’s stock valued at $118,267,000 after buying an additional 107,295 shares during the last quarter. Millennium Management LLC increased its position in SM Energy by 205.1% in the 4th quarter. Millennium Management LLC now owns 2,835,718 shares of the energy company’s stock worth $53,028,000 after buying an additional 1,906,255 shares during the period. Geode Capital Management LLC increased its position in SM Energy by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 2,721,147 shares of the energy company’s stock worth $50,897,000 after buying an additional 56,187 shares during the period. Finally, Woodline Partners LP lifted its holdings in shares of SM Energy by 198.9% during the third quarter. Woodline Partners LP now owns 2,429,518 shares of the energy company’s stock worth $60,665,000 after buying an additional 1,616,822 shares during the last quarter. 94.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Stephens lowered their price objective on shares of SM Energy from $61.00 to $52.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Roth Capital upgraded shares of SM Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $30.00 to $32.00 in a research note on Monday, June 22nd. Truist Financial reduced their price target on shares of SM Energy from $39.00 to $37.00 and set a “buy” rating for the company in a report on Tuesday, July 7th. Raymond James Financial decreased their price target on shares of SM Energy from $55.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 21st. Finally, Wells Fargo & Company upped their price objective on shares of SM Energy from $29.00 to $32.00 and gave the company an “equal weight” rating in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.53.

SM Energy Stock Down 2.7%

Shares of SM opened at $31.06 on Wednesday. The stock has a market cap of $7.45 billion, a price-to-earnings ratio of 13.05 and a beta of 0.73. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.98. SM Energy Company has a 12 month low of $17.45 and a 12 month high of $35.88. The company has a 50-day moving average price of $29.91 and a two-hundred day moving average price of $27.55.

SM Energy (NYSE:SM) last released its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.42. SM Energy had a return on equity of 13.93% and a net margin of 3.45%.The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the prior year, the company posted $1.76 EPS. The company’s revenue was up 75.0% compared to the same quarter last year. Equities analysts predict that SM Energy Company will post 6.95 EPS for the current fiscal year.

SM Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Monday, June 8th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Monday, June 8th. SM Energy’s dividend payout ratio is 36.97%.

Insiders Place Their Bets

In other SM Energy news, Director Ramiro G. Peru sold 24,553 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $33.98, for a total transaction of $834,310.94. Following the completion of the transaction, the director directly owned 65,964 shares in the company, valued at $2,241,456.72. This represents a 27.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.45% of the stock is owned by company insiders.

SM Energy Company Profile

SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.