Insider Selling: Summit Midstream Corporation (NYSE:SMC) CEO Sells $38,040.00 in Stock

Posted by Andrew Walz on Mar 17th, 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 that occurred on Wednesday, March 12th. The stock was sold at an average price of $38.04, for a total transaction of $38,040.00. Following the sale, the chief executive officer now directly owns 233,326 shares of the company’s stock, valued at approximately $8,875,721.04. This trade represents a 0.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $37.47, for a total transaction of $37,470.00.
On Monday, March 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was 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 shares were sold at an average price of $43.50, for a total transaction of $43,500.00.
On Friday, February 28th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $44.28, for a total transaction 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 transaction of $41,960.00.
On Monday, February 24th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $42.63, for a total transaction 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.
On Tuesday, February 18th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $44.98, for a total transaction of $44,980.00.

Summit Midstream Stock Up 1.8 %

Shares of NYSE SMC opened at $37.50 on Monday. The stock has a market cap of $399.28 million, a P/E ratio of -2.93 and a beta of 2.28. Summit Midstream Corporation has a 52-week low of $31.81 and a 52-week high of $45.89. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a 50 day moving average price of $41.19 and a 200 day moving average price of $37.90.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Virtus Fund Advisers LLC bought a new stake in shares of Summit Midstream in the third quarter worth $3,794,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Summit Midstream in the fourth quarter worth $3,829,000. Geode Capital Management LLC bought a new stake in shares of Summit Midstream in the third quarter worth $3,313,000. Graham Capital Wealth Management LLC bought a new stake in shares of Summit Midstream in the fourth quarter worth $3,061,000. Finally, Eagle Global Advisors LLC lifted its position in shares of Summit Midstream by 131.7% in the fourth quarter. Eagle Global Advisors LLC now owns 73,962 shares of the company’s stock worth $2,794,000 after purchasing an additional 42,035 shares in the last quarter. Institutional investors and hedge funds 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.