First Horizon Advisors Inc. Purchases 353 Shares of SM Energy (NYSE:SM)

First Horizon Advisors Inc. raised its position in shares of SM Energy (NYSE:SM) by 31.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,469 shares of the energy company’s stock after buying an additional 353 shares during the quarter. First Horizon Advisors Inc.’s holdings in SM Energy were worth $57,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. BluePath Capital Management LLC purchased a new position in SM Energy during the third quarter valued at $32,000. Nomura Asset Management Co. Ltd. raised its position in shares of SM Energy by 59.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 990 shares of the energy company’s stock worth $39,000 after purchasing an additional 370 shares during the last quarter. McGlone Suttner Wealth Management Inc. bought a new position in SM Energy in the 4th quarter worth about $41,000. Covestor Ltd grew its position in SM Energy by 294.1% during the 3rd quarter. Covestor Ltd now owns 1,064 shares of the energy company’s stock valued at $42,000 after purchasing an additional 794 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in SM Energy by 3,772.2% during the 4th quarter. International Assets Investment Management LLC now owns 1,394 shares of the energy company’s stock valued at $54,000 after purchasing an additional 1,358 shares in the last quarter. Institutional investors own 94.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SM. Susquehanna increased their price target on shares of SM Energy from $42.00 to $51.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. StockNews.com upgraded SM Energy from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $45.00 price objective on shares of SM Energy in a research report on Monday, February 5th. Mizuho boosted their target price on SM Energy from $51.00 to $57.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, Seaport Res Ptn upgraded shares of SM Energy from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 31st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $52.57.

SM Energy Stock Up 0.9 %

Shares of SM stock opened at $51.16 on Wednesday. The company has a 50 day simple moving average of $48.59 and a two-hundred day simple moving average of $41.72. The stock has a market cap of $5.92 billion, a P/E ratio of 8.02 and a beta of 4.21. SM Energy has a 12 month low of $25.03 and a 12 month high of $53.26. The company has a current ratio of 1.48, a quick ratio of 1.45 and a debt-to-equity ratio of 0.43.

SM Energy (NYSE:SM) last posted its quarterly earnings data on Wednesday, February 21st. The energy company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.39 by $0.17. The firm had revenue of $608.73 million during the quarter, compared to analyst estimates of $611.35 million. SM Energy had a return on equity of 20.10% and a net margin of 31.80%. SM Energy’s revenue was down 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.29 EPS. On average, research analysts expect that SM Energy will post 6.42 earnings per share for the current year.

SM Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 3rd. Stockholders of record on Friday, April 19th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.41%. SM Energy’s payout ratio is currently 11.29%.

About SM Energy

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.