Nisa Investment Advisors LLC Grows Stock Position in SM Energy (NYSE:SM)

Nisa Investment Advisors LLC raised its holdings in shares of SM Energy (NYSE:SM) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,538 shares of the energy company’s stock after acquiring an additional 1,076 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.07% of SM Energy worth $3,277,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its stake in shares of SM Energy by 2,515.6% during the 3rd quarter. Pacer Advisors Inc. now owns 4,463,443 shares of the energy company’s stock worth $178,404,000 after purchasing an additional 4,292,793 shares in the last quarter. Assenagon Asset Management S.A. increased its position in SM Energy by 2,217.1% during the third quarter. Assenagon Asset Management S.A. now owns 818,032 shares of the energy company’s stock worth $32,697,000 after buying an additional 782,728 shares in the last quarter. Townsquare Capital LLC lifted its position in shares of SM Energy by 267.4% in the third quarter. Townsquare Capital LLC now owns 391,107 shares of the energy company’s stock valued at $15,633,000 after acquiring an additional 284,665 shares in the last quarter. Bridgewater Associates LP boosted its stake in shares of SM Energy by 136.5% during the third quarter. Bridgewater Associates LP now owns 484,119 shares of the energy company’s stock valued at $19,350,000 after acquiring an additional 279,417 shares during the last quarter. Finally, Sei Investments Co. increased its position in SM Energy by 209.9% during the 2nd quarter. Sei Investments Co. now owns 305,496 shares of the energy company’s stock worth $13,207,000 after purchasing an additional 206,905 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

SM Energy Stock Down 2.6 %

Shares of NYSE:SM opened at $40.13 on Friday. The stock has a 50-day simple moving average of $41.57 and a 200-day simple moving average of $42.67. The stock has a market capitalization of $4.59 billion, a P/E ratio of 5.61 and a beta of 4.14. SM Energy has a 1 year low of $34.90 and a 1 year high of $53.26. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.52 and a current ratio of 3.52.

SM Energy (NYSE:SM) last released its quarterly earnings data on Thursday, October 31st. The energy company reported $1.62 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $643.67 million. During the same period in the previous year, the firm earned $1.73 earnings per share. SM Energy’s revenue for the quarter was up .4% on a year-over-year basis. Equities analysts forecast that SM Energy will post 6.76 earnings per share for the current year.

SM Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Friday, January 24th. SM Energy’s dividend payout ratio (DPR) is presently 11.17%.

Wall Street Analysts Forecast Growth

SM has been the topic of several analyst reports. Truist Financial raised their price target on shares of SM Energy from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Susquehanna decreased their target price on shares of SM Energy from $48.00 to $46.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. BMO Capital Markets cut their price target on SM Energy from $50.00 to $48.00 and set a “market perform” rating for the company in a report on Friday, October 4th. Royal Bank of Canada restated a “sector perform” rating and set a $50.00 price objective on shares of SM Energy in a report on Tuesday, October 8th. Finally, KeyCorp dropped their target price on SM Energy from $65.00 to $60.00 and set an “overweight” rating for the company in a research note on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, SM Energy has a consensus rating of “Moderate Buy” and an average price target of $51.90.

SM Energy 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.