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

Posted by Lorenzo Tanos on Mar 5th, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of Summit Midstream stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $43.50, for a total value of $43,500.00. Following the completion of the sale, the chief executive officer now owns 240,326 shares of the company’s stock, valued at approximately $10,454,181. The trade was a 0.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

On Friday, February 28th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $44.28, for a total transaction of $44,280.00.
On Wednesday, February 26th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $41.96, for a total transaction of $41,960.00.
On Monday, February 24th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $42.63, for a total transaction 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 shares were 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 stock was 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 stock was sold at an average price of $43.43, for a total transaction 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 transaction of $42,670.00.
On Wednesday, February 5th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $42.78, for a total transaction of $42,780.00.

Summit Midstream Stock Down 2.5 %

SMC opened at $41.53 on Wednesday. The company has a market cap of $442.24 million, a PE ratio of -3.24 and a beta of 2.37. Summit Midstream Corporation has a 12 month low of $31.81 and a 12 month high of $45.89. 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 company has a fifty day moving average price of $40.97.

Institutional Investors Weigh In On Summit Midstream

Several large investors have recently modified their holdings of SMC. Squarepoint Ops LLC acquired a new position in shares of Summit Midstream in the 4th quarter valued at approximately $247,000. OMERS ADMINISTRATION Corp bought a new position in Summit Midstream in the fourth quarter valued at approximately $382,000. Millennium Management LLC boosted its holdings in shares of Summit Midstream by 599.9% in the fourth quarter. Millennium Management LLC now owns 48,610 shares of the company’s stock valued at $1,836,000 after buying an additional 41,665 shares during the period. Eagle Global Advisors LLC increased its position in shares of Summit Midstream by 131.7% during the fourth quarter. Eagle Global Advisors LLC now owns 73,962 shares of the company’s stock worth $2,794,000 after acquiring an additional 42,035 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Summit Midstream during the fourth quarter worth $354,000. 42.97% of the stock is currently owned by 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.