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

Posted by Logan Wallace on Mar 28th, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $36.32, for a total transaction of $36,320.00. Following the transaction, the chief executive officer now owns 270,170 shares in the company, valued at approximately $9,812,574.40. The trade was a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

On Wednesday, March 26th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $35.33, for a total transaction of $35,330.00.
On Friday, March 21st, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $36.30, for a total transaction of $36,300.00.
On Wednesday, March 19th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.68, for a total transaction of $37,680.00.
On Monday, March 17th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $38.50, for a total value of $38,500.00.
On Friday, March 14th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.47, for a total value of $37,470.00.
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 shares were 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 shares were sold at an average price of $39.23, for a total transaction of $39,230.00.
On Wednesday, March 5th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $40.55, for a total transaction 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 transaction of $43,500.00.

Summit Midstream Price Performance

Shares of SMC stock opened at $35.40 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.20. Summit Midstream Corporation has a 12-month low of $31.81 and a 12-month high of $45.89. The firm has a fifty day moving average of $41.01 and a 200-day moving average of $37.87. The firm has a market capitalization of $660.03 million, a price-to-earnings ratio of -2.76 and a beta of 2.28.

Summit Midstream (NYSE:SMC – Get Free Report) last posted its earnings results on Friday, March 21st. The company reported ($2.40) 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%. During the same period last year, the firm earned ($2.12) earnings per share.

Hedge Funds Weigh In On Summit Midstream

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

About Summit Midstream

(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.