SM Energy (NYSE:SM) Shares Acquired by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY increased its position in SM Energy (NYSE:SM) by 277.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,159 shares of the energy company’s stock after buying an additional 30,264 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in SM Energy were worth $1,595,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SM. Cetera Investment Advisers raised its holdings in shares of SM Energy by 7.7% in the 2nd quarter. Cetera Investment Advisers now owns 24,032 shares of the energy company’s stock worth $1,039,000 after purchasing an additional 1,718 shares during the period. SG Americas Securities LLC raised its holdings in SM Energy by 244.1% in the third quarter. SG Americas Securities LLC now owns 13,805 shares of the energy company’s stock valued at $552,000 after buying an additional 9,793 shares during the period. CWM LLC raised its holdings in SM Energy by 11.4% in the third quarter. CWM LLC now owns 2,853 shares of the energy company’s stock valued at $114,000 after buying an additional 293 shares during the period. Inspire Investing LLC lifted its position in SM Energy by 25.1% during the third quarter. Inspire Investing LLC now owns 11,359 shares of the energy company’s stock valued at $454,000 after buying an additional 2,277 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in SM Energy by 17.6% during the third quarter. Exchange Traded Concepts LLC now owns 23,530 shares of the energy company’s stock worth $940,000 after buying an additional 3,514 shares during the period. Institutional investors and hedge funds own 94.56% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on SM. Wells Fargo & Company reduced their target price on shares of SM Energy from $47.00 to $45.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th. Susquehanna decreased their target price on SM Energy from $48.00 to $46.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Mizuho lowered their target price on SM Energy from $57.00 to $55.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. KeyCorp reduced their price target on SM Energy from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $53.00 price objective (up previously from $51.00) on shares of SM Energy in a research report on Wednesday, December 4th. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, SM Energy currently has an average rating of “Moderate Buy” and a consensus price target of $51.90.

SM Energy Stock Up 0.3 %

NYSE:SM opened at $37.37 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.52 and a current ratio of 3.52. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 5.22 and a beta of 4.11. SM Energy has a one year low of $36.13 and a one year high of $53.26. The stock has a 50-day simple moving average of $40.28 and a 200 day simple moving average of $42.15.

SM Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 24th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend was Friday, January 24th. SM Energy’s dividend payout ratio is currently 11.17%.

SM Energy Company 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.