Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke Sells 1,000 Shares of Stock

Posted by Matthew Jenks on Mar 4th, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $44.28, for a total value of $44,280.00. Following the completion of the transaction, the chief executive officer now owns 241,326 shares of the company’s stock, valued at approximately $10,685,915.28. The trade was a 0.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

J Heath Deneke also recently made the following trade(s):

On Monday, March 3rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $43.50, for a total value of $43,500.00.
On Wednesday, February 26th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $41.96, for a total value of $41,960.00.
On Monday, February 24th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $42.63, for a total value of $42,630.00.
On Thursday, February 20th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $44.23, for a total value of $44,230.00.
On Tuesday, February 18th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $44.98, for a total value of $44,980.00.
On Friday, February 14th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $44.20, for a total value of $44,200.00.
On Wednesday, February 12th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $43.80, for a total value of $43,800.00.
On Monday, February 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $43.43, for a total value of $43,430.00.
On Friday, February 7th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $42.67, for a total value of $42,670.00.
On Wednesday, February 5th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $42.78, for a total value of $42,780.00.

Summit Midstream Trading Down 5.4 %

Shares of SMC stock opened at $42.60 on Tuesday. The firm’s 50 day moving average is $40.84. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market capitalization of $453.59 million, a PE ratio of -3.33 and a beta of 2.37. Summit Midstream Corporation has a twelve month low of $31.81 and a twelve month high of $45.89.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SMC. Virtus Fund Advisers LLC purchased a new stake in shares of Summit Midstream in the third quarter valued at approximately $3,794,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Summit Midstream in the fourth quarter valued at approximately $3,829,000. Geode Capital Management LLC purchased a new stake in shares of Summit Midstream in the third quarter valued at approximately $3,313,000. Graham Capital Wealth Management LLC purchased a new stake in shares of Summit Midstream in the fourth quarter valued at approximately $3,061,000. Finally, Bridgeway Capital Management LLC purchased a new stake in shares of Summit Midstream in the fourth quarter valued at approximately $2,321,000. 42.97% of the stock is currently owned by hedge funds and other institutional investors.

Summit Midstream Company Profile

(Get Free Report)

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.