Atria Investments Inc Buys 961 Shares of SM Energy (NYSE:SM)

Atria Investments Inc lifted its position in SM Energy (NYSE:SM) by 4.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 22,916 shares of the energy company’s stock after purchasing an additional 961 shares during the quarter. Atria Investments Inc’s holdings in SM Energy were worth $916,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SM. Dimensional Fund Advisors LP raised its position in SM Energy by 6.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,341,875 shares of the energy company’s stock valued at $274,161,000 after purchasing an additional 384,675 shares during the last quarter. American Century Companies Inc. grew its holdings in SM Energy by 1.2% during the 2nd quarter. American Century Companies Inc. now owns 2,361,149 shares of the energy company’s stock worth $102,072,000 after acquiring an additional 28,005 shares during the last quarter. River Road Asset Management LLC increased its position in SM Energy by 0.7% in the 3rd quarter. River Road Asset Management LLC now owns 1,792,573 shares of the energy company’s stock valued at $71,649,000 after acquiring an additional 12,669 shares in the last quarter. Westwood Holdings Group Inc. raised its stake in shares of SM Energy by 10.2% in the second quarter. Westwood Holdings Group Inc. now owns 1,709,927 shares of the energy company’s stock worth $73,920,000 after acquiring an additional 157,923 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of SM Energy by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 1,335,624 shares of the energy company’s stock worth $57,739,000 after acquiring an additional 4,611 shares during the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

SM Energy Stock Down 2.1 %

Shares of NYSE:SM opened at $43.33 on Monday. The company has a 50 day moving average price of $42.19 and a two-hundred day moving average price of $44.81. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.52 and a current ratio of 3.52. The company has a market capitalization of $4.96 billion, a PE ratio of 6.05 and a beta of 4.18. SM Energy has a 52 week low of $34.13 and a 52 week high of $53.26.

SM Energy (NYSE:SM) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.52 by $0.10. SM Energy had a return on equity of 19.62% and a net margin of 33.89%. The business had revenue of $643.60 million for the quarter, compared to the consensus estimate of $643.67 million. During the same quarter last year, the business posted $1.73 EPS. The firm’s revenue was up .4% compared to the same quarter last year. Analysts forecast that SM Energy will post 6.77 earnings per share for the current year.

SM Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Friday, October 25th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Friday, October 25th. This is a boost from SM Energy’s previous quarterly dividend of $0.18. SM Energy’s payout ratio is 11.17%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Mizuho decreased their price target on shares of SM Energy from $62.00 to $57.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. KeyCorp decreased their price objective on SM Energy from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their target price on SM Energy from $50.00 to $54.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. StockNews.com cut SM Energy from a “buy” rating to a “hold” rating in a report on Friday, September 13th. Finally, TD Cowen raised SM Energy from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $64.00 to $60.00 in a report on Tuesday, October 15th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.73.

SM Energy Profile

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.