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

Posted by Jeff Wilder on Feb 6th, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $41.04, for a total transaction of $41,040.00. Following the sale, the chief executive officer now owns 259,326 shares of the company’s stock, valued at $10,642,739.04. This trade represents a 0.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

On Friday, January 31st, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $41.49, for a total value of $41,490.00.
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 value of $40,880.00.
On Monday, January 27th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $40.80, for a total value 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 transaction 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 value 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 value 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 value of $37,500.00.

Summit Midstream Trading Up 0.8 %

NYSE:SMC opened at $43.04 on Thursday. Summit Midstream Corporation has a 1 year low of $15.70 and a 1 year high of $43.99. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.33 and a quick ratio of 1.33. The business has a fifty day simple moving average of $38.17.

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

Institutional Investors Weigh In On Summit Midstream

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

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.