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

Posted by Alanna Baker on Feb 4th, 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 Friday, January 31st. The stock was sold at an average price of $41.49, for a total transaction of $41,490.00. Following the completion of the sale, the chief executive officer now directly owns 260,326 shares of the company’s stock, valued at $10,800,925.74. The trade was a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

On Monday, February 3rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $41.04, for a total value of $41,040.00.
On Wednesday, January 29th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $40.88, for a total transaction of $40,880.00.
On Monday, January 27th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $40.80, for a total transaction of $40,800.00.
On Thursday, January 23rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $42.86, for a total transaction 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 transaction 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 value of $37,980.00.
On Monday, January 13th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.63, for a total value of $37,630.00.
On Friday, January 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were 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 shares were sold at an average price of $37.50, for a total transaction of $37,500.00.

Summit Midstream Stock Up 3.4 %

Shares of NYSE:SMC traded up $1.40 during trading on Tuesday, hitting $42.67. 75,992 shares of the company traded hands, compared to its average volume of 78,400. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.20. The stock has a fifty day simple moving average of $38.05. The company has a market capitalization of $454.44 million, a PE ratio of -3.33 and a beta of 2.37. Summit Midstream Corporation has a one year low of $15.56 and a one year high of $43.99.

Summit Midstream (NYSE:SMC – Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported ($15.28) 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%. The company had revenue of $102.42 million during the quarter.

Hedge Funds Weigh In On Summit Midstream

Several hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in Summit Midstream in the 4th quarter valued at approximately $159,000. Barclays PLC bought a new position in shares of Summit Midstream in the third quarter worth $194,000. Jane Street Group LLC acquired a new position in shares of Summit Midstream during the third quarter valued at $227,000. Valeo Financial Advisors LLC bought a new stake in shares of Summit Midstream during the third quarter valued at about $529,000. Finally, Pekin Hardy Strauss Inc. acquired a new stake in Summit Midstream in the third quarter worth about $1,311,000. 42.97% of the stock is currently owned by institutional investors and hedge funds.

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.