Summit Midstream Corporation (NYSE:SMC) CEO Sells $36,300.00 in Stock

Posted by Steve Fairfield on Mar 22nd, 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, March 21st. The shares were sold at an average price of $36.30, for a total transaction of $36,300.00. Following the completion of the sale, the chief executive officer now directly owns 271,170 shares in the company, valued at approximately $9,843,471. The trade was a 0.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

On Wednesday, March 19th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.68, for a total value of $37,680.00.
On Monday, March 17th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $38.50, for a total value of $38,500.00.
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 transaction of $37,470.00.
On Wednesday, March 12th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $38.04, for a total value of $38,040.00.
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 value 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 shares were 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 shares were 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 stock was sold at an average price of $41.96, for a total value of $41,960.00.

Summit Midstream Stock Performance

NYSE:SMC opened at $36.18 on Friday. The firm’s fifty day simple moving average is $41.18 and its 200 day simple moving average is $37.90. 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 twelve month low of $31.81 and a twelve month high of $45.89. The firm has a market capitalization of $385.23 million, a price-to-earnings ratio of -2.82 and a beta of 2.28.

Summit Midstream (NYSE:SMC – Get Free Report) last posted its earnings results on Friday, March 21st. The company reported ($2.40) EPS for the quarter. Summit Midstream had a positive return on equity of 0.71% and a negative net margin of 23.01%. During the same quarter last year, the firm earned ($2.12) EPS.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Pekin Hardy Strauss Inc. acquired a new position in shares of Summit Midstream in the 3rd quarter valued at approximately $1,311,000. Virtus Fund Advisers LLC acquired a new stake in Summit Midstream in the third quarter valued at $3,794,000. Jane Street Group LLC bought a new position in Summit Midstream during the 3rd quarter valued at $227,000. Barclays PLC bought a new position in Summit Midstream during the 3rd quarter valued at $194,000. Finally, Geode Capital Management LLC acquired a new position in Summit Midstream during the 3rd quarter worth $3,313,000. 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.