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

Posted by Donald Scott on Jan 28th, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of Summit Midstream stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $40.80, for a total transaction of $40,800.00. Following the transaction, the chief executive officer now owns 264,326 shares in the company, valued at approximately $10,784,500.80. The trade was a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

On Thursday, January 23rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $42.86, for a total value of $42,860.00.
On Tuesday, January 21st, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $42.06, for a total value of $42,060.00.
On Friday, January 17th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $40.11, for a total value of $40,110.00.
On Wednesday, January 15th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.98, for a total transaction of $37,980.00.
On Monday, January 13th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.63, for a total transaction of $37,630.00.
On Friday, January 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.60, for a total transaction of $37,600.00.
On Wednesday, January 8th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.50, for a total transaction of $37,500.00.
On Monday, January 6th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.81, for a total value of $37,810.00.
On Thursday, January 2nd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.49, for a total value of $37,490.00.
On Monday, December 30th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $36.52, for a total value of $36,520.00.

Summit Midstream Stock Performance

Shares of SMC opened at $39.75 on Tuesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market capitalization of $423.34 million, a price-to-earnings ratio of -3.10 and a beta of 2.37. The company’s 50 day simple moving average is $37.52. Summit Midstream Corporation has a twelve month low of $15.56 and a twelve month high of $43.99.

Summit Midstream (NYSE:SMC – Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($15.28) earnings per share for the quarter. The business had revenue of $102.42 million for the quarter. Summit Midstream had a negative net margin of 23.01% and a positive return on equity of 0.71%.

Institutional Trading of Summit Midstream

Large investors have recently made changes to their positions in the stock. Graham Capital Wealth Management LLC acquired a new stake in Summit Midstream in the 4th quarter worth approximately $3,061,000. SG Americas Securities LLC bought a new position in shares of Summit Midstream in the fourth quarter valued at approximately $159,000. Barclays PLC acquired a new stake in shares of Summit Midstream in the third quarter worth $194,000. Geode Capital Management LLC bought a new stake in shares of Summit Midstream during the 3rd quarter worth $3,313,000. Finally, Jane Street Group LLC bought a new position in Summit Midstream in the 3rd quarter worth $227,000. Institutional investors own 42.97% of the company’s stock.

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.