Janney Montgomery Scott LLC Raises Stock Holdings in SM Energy (NYSE:SM)

Janney Montgomery Scott LLC lifted its position in SM Energy (NYSE:SM) by 144.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,357 shares of the energy company’s stock after buying an additional 13,215 shares during the period. Janney Montgomery Scott LLC’s holdings in SM Energy were worth $894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in SM. Sei Investments Co. lifted its stake in SM Energy by 74.6% in the 1st quarter. Sei Investments Co. now owns 98,591 shares of the energy company’s stock worth $4,915,000 after purchasing an additional 42,122 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of SM Energy by 5.4% during the 1st quarter. ProShare Advisors LLC now owns 23,365 shares of the energy company’s stock valued at $1,165,000 after purchasing an additional 1,202 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in SM Energy by 21.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 41,507 shares of the energy company’s stock worth $2,069,000 after acquiring an additional 7,220 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new position in SM Energy during the 1st quarter valued at approximately $5,614,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in SM Energy by 33.0% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 25,528 shares of the energy company’s stock worth $1,291,000 after acquiring an additional 6,327 shares during the last quarter. 94.56% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SM has been the subject of several recent analyst reports. Tudor Pickering upgraded SM Energy to a “strong-buy” rating in a research note on Wednesday, August 21st. Mizuho dropped their price target on shares of SM Energy from $62.00 to $57.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Tudor, Pickering, Holt & Co. raised shares of SM Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 21st. TD Cowen upgraded shares of SM Energy from a “hold” rating to a “buy” rating and cut their price target for the stock from $64.00 to $60.00 in a research note on Tuesday, October 15th. Finally, StockNews.com cut SM Energy from a “buy” rating to a “hold” rating in a research note on Friday, September 13th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.73.

SM Energy Stock Down 2.1 %

SM opened at $43.33 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.52 and a current ratio of 3.52. The business’s fifty day moving average is $42.19 and its two-hundred day moving average is $44.83. SM Energy has a one year low of $34.13 and a one year high of $53.26. The company has a market cap of $4.96 billion, a price-to-earnings ratio of 6.05 and a beta of 4.18.

SM Energy (NYSE:SM) last released its earnings results on Thursday, October 31st. The energy company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.10. The company had revenue of $643.60 million for the quarter, compared to analyst estimates of $643.67 million. SM Energy had a net margin of 33.89% and a return on equity of 19.62%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.73 EPS. Analysts anticipate that SM Energy will post 6.77 EPS for the current fiscal year.

SM Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Friday, October 25th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.85%. This is an increase from SM Energy’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, October 25th. SM Energy’s payout ratio is presently 11.17%.

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.