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

Posted by Grant Hamersma on Feb 13th, 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, February 10th. The shares were sold at an average price of $43.43, for a total transaction of $43,430.00. Following the sale, the chief executive officer now directly owns 254,326 shares in the company, valued at $11,045,378.18. This trade represents a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

On Wednesday, February 12th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $43.80, for a total transaction of $43,800.00.
On Friday, February 7th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were 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 shares were 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 shares were 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 shares were 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 stock was sold at an average price of $40.80, for a total transaction of $40,800.00.
On Thursday, January 23rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $42.86, for a total transaction of $42,860.00.
On Tuesday, January 21st, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $42.06, for a total transaction of $42,060.00.
On Friday, January 17th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $40.11, for a total transaction of $40,110.00.

Summit Midstream Stock Performance

SMC opened at $43.94 on Thursday. Summit Midstream Corporation has a twelve month low of $15.76 and a twelve month high of $44.67. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.33 and a quick ratio of 1.33. The stock’s 50-day moving average is $38.73.

Summit Midstream (NYSE:SMC – Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($15.28) earnings per share (EPS) for the quarter. Summit Midstream had a negative net margin of 23.01% and a positive return on equity of 0.71%. The business had revenue of $102.42 million for the quarter.

Institutional Trading of Summit Midstream

Several hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of Summit Midstream during the 4th quarter worth approximately $159,000. EntryPoint Capital LLC acquired a new stake in Summit Midstream in the 4th quarter valued at approximately $207,000. Barclays PLC acquired a new stake in Summit Midstream in the 3rd quarter valued at approximately $194,000. Quantbot Technologies LP acquired a new stake in Summit Midstream in the 4th quarter valued at approximately $229,000. Finally, Jane Street Group LLC acquired a new stake in Summit Midstream in the 3rd quarter valued at approximately $227,000. Hedge funds and other institutional investors own 42.97% of the company’s stock.

About Summit Midstream

(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.