Dana Investment Advisors Inc. Has $1.40 Million Holdings in SM Energy Company $SM

Dana Investment Advisors Inc. lifted its position in SM Energy Company (NYSE:SM) by 84.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 74,968 shares of the energy company’s stock after acquiring an additional 34,278 shares during the quarter. Dana Investment Advisors Inc.’s holdings in SM Energy were worth $1,402,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SM. Dimensional Fund Advisors LP grew its position in SM Energy by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,921,769 shares of the energy company’s stock worth $147,876,000 after purchasing an additional 30,951 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of SM Energy by 8.9% in the third quarter. American Century Companies Inc. now owns 4,585,624 shares of the energy company’s stock valued at $114,503,000 after purchasing an additional 375,754 shares in the last quarter. Woodline Partners LP boosted its position in shares of SM Energy by 198.9% in the third quarter. Woodline Partners LP now owns 2,429,518 shares of the energy company’s stock worth $60,665,000 after buying an additional 1,616,822 shares during the period. Invesco Ltd. boosted its position in shares of SM Energy by 1.5% in the third quarter. Invesco Ltd. now owns 2,323,065 shares of the energy company’s stock worth $58,007,000 after buying an additional 33,751 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of SM Energy by 53.5% during the third quarter. Bank of America Corp DE now owns 1,756,496 shares of the energy company’s stock valued at $43,860,000 after buying an additional 612,444 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Roth Mkm reissued a “neutral” rating and set a $33.00 price target (up from $24.00) on shares of SM Energy in a research report on Wednesday, April 8th. KeyCorp raised their price objective on SM Energy from $29.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Weiss Ratings raised SM Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, March 17th. JPMorgan Chase & Co. raised shares of SM Energy from a “neutral” rating to an “overweight” rating and set a $40.00 price target for the company in a research report on Friday, March 20th. Finally, Stephens raised their price target on shares of SM Energy from $48.00 to $49.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.29.

SM Energy Stock Performance

Shares of SM stock opened at $33.21 on Tuesday. SM Energy Company has a fifty-two week low of $17.45 and a fifty-two week high of $33.92. The stock’s 50-day moving average is $29.21 and its two-hundred day moving average is $23.07. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market cap of $7.96 billion, a P/E ratio of 13.96 and a beta of 0.73.

SM Energy (NYSE:SM) last announced its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.42. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.42 billion. SM Energy had a return on equity of 13.93% and a net margin of 3.45%.During the same period in the previous year, the company earned $1.76 EPS. The firm’s revenue was up 75.0% on a year-over-year basis. Analysts predict that SM Energy Company will post 7.18 earnings per share for the current fiscal year.

SM Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Monday, March 9th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.6%. This is a boost from SM Energy’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, March 9th. SM Energy’s dividend payout ratio is presently 36.97%.

SM Energy Profile

SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.