SM Energy (NYSE:SM) Position Boosted by Federated Hermes Inc.

Federated Hermes Inc. increased its holdings in SM Energy (NYSE:SM) by 135.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 379,660 shares of the energy company’s stock after purchasing an additional 218,428 shares during the quarter. Federated Hermes Inc. owned 0.33% of SM Energy worth $16,413,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Lindbrook Capital LLC boosted its position in shares of SM Energy by 54.9% in the 1st quarter. Lindbrook Capital LLC now owns 581 shares of the energy company’s stock valued at $29,000 after purchasing an additional 206 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of SM Energy by 2.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 11,045 shares of the energy company’s stock worth $477,000 after buying an additional 300 shares during the period. UMB Bank n.a. increased its position in shares of SM Energy by 66.8% in the first quarter. UMB Bank n.a. now owns 829 shares of the energy company’s stock worth $41,000 after acquiring an additional 332 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of SM Energy by 63.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 872 shares of the energy company’s stock valued at $38,000 after acquiring an additional 340 shares during the period. Finally, Arizona State Retirement System boosted its stake in SM Energy by 1.4% in the 2nd quarter. Arizona State Retirement System now owns 32,403 shares of the energy company’s stock worth $1,401,000 after purchasing an additional 437 shares during the period. 94.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SM shares. StockNews.com cut SM Energy from a “buy” rating to a “hold” rating in a research report on Friday. Tudor, Pickering, Holt & Co. raised shares of SM Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, August 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $54.00 price objective on shares of SM Energy in a research report on Tuesday, July 9th. Truist Financial cut their target price on shares of SM Energy from $49.00 to $46.00 and set a “hold” rating for the company in a research report on Monday, July 22nd. Finally, Tudor Pickering upgraded shares of SM Energy to a “strong-buy” rating in a report on Wednesday, August 21st. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $53.22.

SM Energy Stock Up 1.7 %

SM stock opened at $39.82 on Tuesday. The firm has a market cap of $4.56 billion, a PE ratio of 6.24 and a beta of 4.18. SM Energy has a 1 year low of $34.13 and a 1 year high of $53.26. The company has a fifty day simple moving average of $43.86 and a 200 day simple moving average of $46.71. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41.

SM Energy (NYSE:SM) last announced its quarterly earnings results on Wednesday, August 7th. The energy company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.28. The company had revenue of $634.56 million during the quarter, compared to analysts’ expectations of $616.63 million. SM Energy had a return on equity of 21.01% and a net margin of 33.18%. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.28 earnings per share. Sell-side analysts anticipate that SM Energy will post 7.57 EPS for the current fiscal year.

SM Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 5th. Shareholders of record on Friday, July 19th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, July 19th. This represents a $0.72 dividend on an annualized basis and a yield of 1.81%. SM Energy’s payout ratio is currently 11.29%.

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.