Cetera Trust Company N.A Has $95,000 Stock Position in SM Energy (NYSE:SM)

Cetera Trust Company N.A trimmed its stake in shares of SM Energy (NYSE:SM) by 19.7% during the fourth quarter, Holdings Channel reports. The firm owned 2,440 shares of the energy company’s stock after selling 600 shares during the period. Cetera Trust Company N.A’s holdings in SM Energy were worth $95,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in SM. Nisa Investment Advisors LLC raised its stake in shares of SM Energy by 1.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 84,538 shares of the energy company’s stock valued at $3,277,000 after acquiring an additional 1,076 shares during the last quarter. Diversify Advisory Services LLC raised its stake in shares of SM Energy by 3.3% in the fourth quarter. Diversify Advisory Services LLC now owns 349,268 shares of the energy company’s stock valued at $13,538,000 after acquiring an additional 11,191 shares during the last quarter. Heritage Family Offices LLP raised its stake in shares of SM Energy by 13.2% in the fourth quarter. Heritage Family Offices LLP now owns 6,237 shares of the energy company’s stock valued at $242,000 after acquiring an additional 726 shares during the last quarter. Radnor Capital Management LLC bought a new position in shares of SM Energy in the fourth quarter valued at approximately $1,051,000. Finally, Park Avenue Securities LLC raised its stake in shares of SM Energy by 22.8% in the fourth quarter. Park Avenue Securities LLC now owns 11,049 shares of the energy company’s stock valued at $428,000 after acquiring an additional 2,054 shares during the last quarter. 94.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. TD Cowen upgraded shares of SM Energy from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $64.00 to $60.00 in a research report on Tuesday, October 15th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $53.00 price objective (up previously from $51.00) on shares of SM Energy in a research report on Wednesday, December 4th. KeyCorp dropped their price objective on shares of SM Energy from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Wells Fargo & Company dropped their price objective on shares of SM Energy from $47.00 to $45.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 17th. Finally, BMO Capital Markets dropped their price objective on shares of SM Energy from $50.00 to $48.00 and set a “market perform” rating for the company in a research report on Friday, October 4th. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $51.90.

SM Energy Price Performance

Shares of SM stock opened at $41.78 on Wednesday. SM Energy has a 12-month low of $34.90 and a 12-month high of $53.26. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 5.84 and a beta of 4.14. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.67. The firm has a fifty day moving average of $41.74 and a 200-day moving average of $42.72.

SM Energy (NYSE:SM) last announced its quarterly earnings results on Thursday, October 31st. The energy company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.10. SM Energy had a net margin of 33.89% and a return on equity of 19.62%. The company had revenue of $643.60 million during the quarter, compared to analyst estimates of $643.67 million. During the same quarter in the previous year, the business earned $1.73 EPS. The firm’s revenue was up .4% on a year-over-year basis. On average, equities research analysts forecast that SM Energy will post 6.76 earnings per share for the current year.

SM Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Friday, January 24th. SM Energy’s dividend payout ratio (DPR) is 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.