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

Posted by Dante Gardener on Mar 30th, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the firm’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $34.67, for a total value of $34,670.00. Following the completion of the transaction, the chief executive officer now directly owns 266,170 shares of the company’s stock, valued at approximately $9,228,113.90. This trade represents a 0.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 shares were sold at an average price of $35.33, for a total transaction of $35,330.00.
On Monday, March 24th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $36.32, for a total transaction of $36,320.00.
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 stock was 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 shares were 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 stock was 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 shares were 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 stock was 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.

Summit Midstream Price Performance

Shares of Summit Midstream stock opened at $34.25 on Friday. The stock has a market capitalization of $638.50 million, a price-to-earnings ratio of -2.67 and a beta of 2.28. The firm’s 50-day moving average price is $40.86 and its two-hundred day moving average price is $37.84. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.20. Summit Midstream Corporation has a 1-year low of $31.81 and a 1-year high of $45.89.

Summit Midstream (NYSE:SMC – Get Free Report) last released its quarterly earnings results on Friday, March 21st. The company reported ($2.40) EPS 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 period in the prior year, the business earned ($2.12) EPS.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets bought a new stake in Summit Midstream during the 4th quarter worth about $57,000. Tower Research Capital LLC TRC lifted its position 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 purchasing an additional 2,854 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Summit Midstream during the fourth quarter worth approximately $159,000. Barclays PLC bought a new stake in shares of Summit Midstream during the third quarter valued at approximately $194,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Summit Midstream in the fourth quarter valued at approximately $207,000. 42.97% of the stock is owned by institutional investors.

Summit Midstream Company Profile

(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.