SM Energy (NYSE:SM) Stock Holdings Boosted by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY boosted its position in SM Energy (NYSE:SM) by 277.8% during the 4th quarter, HoldingsChannel reports. 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 & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC grew its holdings in SM Energy by 47.3% in the 3rd quarter. Barclays PLC now owns 250,218 shares of the energy company’s stock worth $10,002,000 after buying an additional 80,343 shares in the last quarter. National Bank of Canada FI acquired a new position in shares of SM Energy during the third quarter valued at $259,000. Los Angeles Capital Management LLC raised its stake in shares of SM Energy by 79.2% during the third quarter. Los Angeles Capital Management LLC now owns 65,421 shares of the energy company’s stock valued at $2,615,000 after purchasing an additional 28,920 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of SM Energy during the third quarter valued at about $3,048,000. Finally, Janney Montgomery Scott LLC lifted its holdings in SM Energy by 144.6% in the third quarter. Janney Montgomery Scott LLC now owns 22,357 shares of the energy company’s stock worth $894,000 after purchasing an additional 13,215 shares during the period. 94.56% of the stock is owned by institutional investors and hedge funds.

SM Energy Stock Up 0.3 %

SM stock opened at $37.37 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.52 and a quick ratio of 3.52. The firm has a market capitalization of $4.28 billion, a P/E ratio of 5.22 and a beta of 4.11. SM Energy has a 52-week low of $36.13 and a 52-week high of $53.26. The company’s 50 day simple moving average is $40.28 and its 200-day simple moving average is $42.15.

SM Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 24th were issued a $0.20 dividend. The ex-dividend date was Friday, January 24th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.14%. SM Energy’s payout ratio is currently 11.17%.

Wall Street Analyst Weigh In

Several equities analysts have commented on SM shares. Mizuho lowered their target price on shares of SM Energy from $57.00 to $55.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Truist Financial increased their price target on SM Energy from $42.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Stephens reiterated an “overweight” rating and set a $57.00 price target on shares of SM Energy in a research report on Thursday, January 2nd. 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 note on Tuesday, November 5th. Finally, Wells Fargo & Company dropped their price target on shares of SM Energy from $47.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, SM Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.90.

About SM Energy

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.