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

Posted by Carolyn Dwyer on Mar 17th, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $38.04, for a total transaction of $38,040.00. Following the completion of the transaction, the chief executive officer now owns 233,326 shares in the company, valued at approximately $8,875,721.04. This trade represents a 0.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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 value 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 stock was 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 stock was 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 stock was 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 Price Performance

SMC stock opened at $37.50 on Monday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.20. Summit Midstream Corporation has a 12 month low of $31.81 and a 12 month high of $45.89. The firm has a market cap of $399.28 million, a P/E ratio of -2.93 and a beta of 2.28. The company’s 50-day moving average price is $41.19 and its two-hundred day moving average price is $37.90.

Summit Midstream (NYSE:SMC – Get Free Report) last released its earnings results on Monday, March 10th. The company reported ($2.19) earnings per share (EPS) for the quarter. The business 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%.

Hedge Funds Weigh In On Summit Midstream

A number of institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets acquired a new stake in Summit Midstream in the fourth quarter valued at approximately $57,000. Tower Research Capital LLC TRC lifted its stake in shares of Summit Midstream by 1,106.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,112 shares of the company’s stock valued at $118,000 after acquiring an additional 2,854 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Summit Midstream by 18.9% in the 4th quarter. Cetera Investment Advisers now owns 21,856 shares of the company’s stock valued at $826,000 after acquiring an additional 3,472 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Summit Midstream by 56.8% during the 4th quarter. Jane Street Group LLC now owns 10,163 shares of the company’s stock valued at $384,000 after acquiring an additional 3,680 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Summit Midstream during the 4th quarter worth $159,000. 42.97% of the stock is currently owned by institutional investors and hedge funds.

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.