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

Posted by Eileen French on Feb 8th, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $42.67, for a total value of $42,670.00. Following the sale, the chief executive officer now owns 255,326 shares of the company’s stock, valued at $10,894,760.42. This represents a 0.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

On Wednesday, February 5th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $42.78, for a total value 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 stock was 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 shares were 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 value of $40,800.00.
On Thursday, January 23rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $42.86, for a total value 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 value of $42,060.00.
On Friday, January 17th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $40.11, for a total value of $40,110.00.
On Wednesday, January 15th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.98, for a total transaction of $37,980.00.
On Monday, January 13th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.63, for a total transaction of $37,630.00.

Summit Midstream Stock Performance

Shares of NYSE SMC opened at $42.69 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.33 and a current ratio of 1.33. Summit Midstream Corporation has a 12-month low of $15.76 and a 12-month high of $43.99. The firm’s 50-day simple moving average is $38.40.

Summit Midstream (NYSE:SMC – Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($15.28) earnings per share (EPS) for the quarter. The company had revenue of $102.42 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

A number of institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in Summit Midstream during the fourth quarter valued at $159,000. Barclays PLC purchased a new position in shares of Summit Midstream during the 3rd quarter worth about $194,000. Jane Street Group LLC bought a new position in Summit Midstream during the 3rd quarter valued at about $227,000. AlphaQuest LLC purchased a new stake in Summit Midstream in the 4th quarter worth about $363,000. Finally, Valeo Financial Advisors LLC bought a new stake in Summit Midstream in the third quarter worth about $529,000. 42.97% of the stock is currently owned by institutional investors.

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.