Insider Selling: Summit Midstream Corporation (NYSE:SMC) CEO Sells 1,000 Shares of Stock

Posted by Matthew Tipps on Mar 4th, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of Summit Midstream stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $44.28, for a total value of $44,280.00. Following the completion of the sale, the chief executive officer now directly owns 241,326 shares in the company, valued at $10,685,915.28. This represents a 0.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

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 value of $43,500.00.
On Wednesday, February 26th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $41.96, for a total value of $41,960.00.
On Monday, February 24th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $42.63, for a total value 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 value 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 value of $44,980.00.
On Friday, February 14th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $44.20, for a total value of $44,200.00.
On Wednesday, February 12th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $43.80, for a total value of $43,800.00.
On Monday, February 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $43.43, for a total value of $43,430.00.
On Friday, February 7th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $42.67, for a total value of $42,670.00.
On Wednesday, February 5th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $42.78, for a total value of $42,780.00.

Summit Midstream Price Performance

Shares of NYSE SMC opened at $42.60 on Tuesday. The business’s 50-day moving average is $40.84. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.20. Summit Midstream Corporation has a 1-year low of $31.81 and a 1-year high of $45.89. The stock has a market cap of $453.59 million, a P/E ratio of -3.33 and a beta of 2.37.

Institutional Investors Weigh In On Summit Midstream

Several large investors have recently bought and sold shares of the stock. Squarepoint Ops LLC purchased a new stake in Summit Midstream during the 4th quarter worth about $247,000. OMERS ADMINISTRATION Corp purchased a new stake in Summit Midstream during the 4th quarter worth about $382,000. Millennium Management LLC increased its holdings in Summit Midstream by 599.9% during the 4th quarter. Millennium Management LLC now owns 48,610 shares of the company’s stock worth $1,836,000 after purchasing an additional 41,665 shares during the period. Eagle Global Advisors LLC increased its holdings in Summit Midstream by 131.7% during the 4th 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 during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in Summit Midstream during the 4th quarter worth about $354,000. Hedge funds and other institutional investors 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.