Insider Selling: Summit Midstream Corporation (NYSE:SMC) CEO Sells 1,000 Shares of Stock

Posted by Hayley Millar on Mar 15th, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $37.47, for a total value of $37,470.00. Following the completion of the sale, the chief executive officer now owns 231,326 shares of the company’s stock, valued at $8,667,785.22. This trade represents a 0.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

On Wednesday, March 12th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $38.04, for a total value of $38,040.00.
On Monday, March 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $38.52, for a total value of $38,520.00.
On Friday, March 7th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $39.23, for a total value of $39,230.00.
On Wednesday, March 5th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $40.55, for a total value of $40,550.00.
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 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 value 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 value 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 value of $42,630.00.
On Thursday, February 20th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were 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.

Summit Midstream Stock Performance

Shares of NYSE SMC opened at $37.50 on Friday. Summit Midstream Corporation has a 52 week low of $31.81 and a 52 week high of $45.89. The stock has a market capitalization of $399.28 million, a PE ratio of -2.93 and a beta of 2.28. The stock has a 50 day moving average price of $41.19 and a 200 day moving average price of $37.90. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.33 and a current ratio of 1.33.

Summit Midstream (NYSE:SMC – Get Free Report) last released its quarterly earnings data on Monday, March 10th. The company reported ($2.19) earnings per share (EPS) for the quarter. Summit Midstream had a negative net margin of 23.01% and a positive return on equity of 0.71%. The business had revenue of $107.02 million during the quarter.

Institutional Trading of Summit Midstream

A number of hedge funds have recently made changes to their positions in SMC. BNP Paribas Financial Markets acquired a new stake in shares of Summit Midstream in the fourth quarter valued at approximately $57,000. Tower Research Capital LLC TRC lifted its holdings in Summit Midstream by 1,106.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,112 shares of the company’s stock worth $118,000 after purchasing an additional 2,854 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Summit Midstream during the 4th quarter worth approximately $159,000. Barclays PLC acquired a new stake in Summit Midstream during the 3rd quarter worth approximately $194,000. Finally, EntryPoint Capital LLC acquired a new stake in Summit Midstream during the 4th quarter worth approximately $207,000. 42.97% of the stock is owned by institutional investors and hedge funds.

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.