Summit Midstream Corporation (NYSE:SMC) CEO Sells $36,320.00 in Stock

Posted by Donna Armstrong on Mar 29th, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was 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. This trade represents a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

On Friday, March 28th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $34.67, for a total transaction of $34,670.00.
On Wednesday, March 26th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $35.33, for a total value of $35,330.00.
On Friday, March 21st, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $36.30, for a total value 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 value 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 transaction of $38,500.00.
On Friday, March 14th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.47, for a total transaction of $37,470.00.
On Wednesday, March 12th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $38.04, for a total transaction of $38,040.00.
On Monday, March 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $38.52, for a total transaction 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 value 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 value of $40,550.00.

Summit Midstream Trading Down 3.4 %

Shares of SMC opened at $34.25 on Friday. Summit Midstream Corporation has a fifty-two week low of $31.81 and a fifty-two week high of $45.89. The business has a 50-day moving average of $40.86 and a 200 day moving average of $37.84. The firm has a market cap of $638.50 million, a P/E ratio of -2.67 and a beta of 2.28. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.33 and a current ratio of 1.33.

Summit Midstream (NYSE:SMC – Get Free Report) last posted its earnings results on Friday, March 21st. The company reported ($2.40) earnings per share for the quarter. Summit Midstream had a positive return on equity of 0.71% and a negative net margin of 23.01%. During the same quarter in the previous year, the company posted ($2.12) earnings per share.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Barclays PLC bought a new position in shares of Summit Midstream in the third quarter worth $194,000. AlphaQuest LLC purchased a new stake in Summit Midstream during the 4th quarter worth about $363,000. Graham Capital Wealth Management LLC bought a new position in Summit Midstream in the 4th quarter worth about $3,061,000. Virtus Fund Advisers LLC purchased a new position in Summit Midstream during the 3rd quarter valued at about $3,794,000. Finally, Jane Street Group LLC bought a new stake in shares of Summit Midstream during the third quarter valued at about $227,000. 42.97% of the stock is currently owned by hedge funds and other institutional investors.

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.