Janney Montgomery Scott LLC Has $804,000 Stock Position in SM Energy (NYSE:SM)

Janney Montgomery Scott LLC decreased its holdings in shares of SM Energy (NYSE:SM) by 7.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,740 shares of the energy company’s stock after selling 1,617 shares during the period. Janney Montgomery Scott LLC’s holdings in SM Energy were worth $804,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new position in shares of SM Energy during the 3rd quarter worth $30,000. Blue Trust Inc. lifted its holdings in shares of SM Energy by 3,434.5% during the 3rd quarter. Blue Trust Inc. now owns 1,025 shares of the energy company’s stock worth $44,000 after acquiring an additional 996 shares during the last quarter. Millburn Ridgefield Corp bought a new position in shares of SM Energy during the 3rd quarter valued at about $55,000. International Assets Investment Management LLC raised its stake in shares of SM Energy by 3,897.2% during the third quarter. International Assets Investment Management LLC now owns 1,439 shares of the energy company’s stock worth $58,000 after acquiring an additional 1,403 shares in the last quarter. Finally, Legacy Investment Solutions LLC purchased a new stake in SM Energy during the third quarter valued at about $83,000. Hedge funds and other institutional investors own 94.56% of the company’s stock.

SM Energy Stock Performance

SM opened at $37.21 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.52 and a quick ratio of 3.52. SM Energy has a 1-year low of $36.11 and a 1-year high of $53.26. The company has a 50 day simple moving average of $40.44 and a two-hundred day simple moving average of $42.24. The firm has a market cap of $4.26 billion, a P/E ratio of 5.20 and a beta of 4.11.

SM Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 24th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend was Friday, January 24th. SM Energy’s dividend payout ratio (DPR) is 11.17%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SM shares. Stephens reissued an “overweight” rating and set a $57.00 price target on shares of SM Energy in a research report on Thursday, January 2nd. Wells Fargo & Company dropped their price objective on shares of SM Energy from $47.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 17th. Susquehanna lowered their price target on SM Energy from $48.00 to $46.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Mizuho reduced their target price on SM Energy from $57.00 to $55.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Finally, KeyCorp lowered their price objective on shares of SM Energy from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.90.

SM Energy Company 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.