Barclays PLC Invests $194,000 in Summit Midstream Corporation (NYSE:SMC)

Barclays PLC purchased a new stake in Summit Midstream Corporation (NYSE:SMC) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,536 shares of the company’s stock, valued at approximately $194,000. Barclays PLC owned 0.05% of Summit Midstream as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Jane Street Group LLC purchased a new stake in Summit Midstream during the third quarter valued at about $227,000. Valeo Financial Advisors LLC purchased a new stake in shares of Summit Midstream in the 3rd quarter valued at approximately $529,000. Pekin Hardy Strauss Inc. acquired a new position in Summit Midstream in the 3rd quarter worth approximately $1,311,000. Fractal Investments LLC purchased a new position in Summit Midstream during the 3rd quarter worth approximately $1,576,000. Finally, Virtus Fund Advisers LLC acquired a new stake in Summit Midstream during the 3rd quarter valued at $3,794,000. Hedge funds and other institutional investors own 42.97% of the company’s stock.

Insider Buying and Selling

In other Summit Midstream news, CEO J Heath Deneke sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $35.54, for a total value of $35,540.00. Following the transaction, the chief executive officer now owns 286,006 shares in the company, valued at approximately $10,164,653.24. This represents a 0.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 20,000 shares of company stock valued at $727,660. Corporate insiders own 5.30% of the company’s stock.

Summit Midstream Stock Down 0.3 %

Shares of Summit Midstream stock opened at $37.87 on Tuesday. Summit Midstream Corporation has a 12 month low of $15.56 and a 12 month high of $40.75. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $403.28 million, a PE ratio of -2.96 and a beta of 2.37. The stock has a fifty day simple moving average of $36.21.

Summit Midstream Profile

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.