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

Posted by Jeff Wilder on Feb 14th, 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 Wednesday, February 12th. The shares were sold at an average price of $43.80, for a total transaction of $43,800.00. Following the completion of the transaction, the chief executive officer now owns 252,326 shares of the company’s stock, valued at $11,051,878.80. This trade represents a 0.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

On Monday, February 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $43.43, for a total transaction of $43,430.00.
On Friday, February 7th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $42.67, for a total transaction of $42,670.00.
On Wednesday, February 5th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $42.78, for a total transaction of $42,780.00.
On Monday, February 3rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $41.04, for a total transaction of $41,040.00.
On Friday, January 31st, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $41.49, for a total transaction of $41,490.00.
On Wednesday, January 29th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was 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 stock was 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 stock was 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 stock was sold at an average price of $40.11, for a total transaction of $40,110.00.

Summit Midstream Stock Up 3.2 %

Shares of Summit Midstream stock opened at $45.27 on Friday. The stock has a market capitalization of $482.07 million, a P/E ratio of -3.53 and a beta of 2.37. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.20. Summit Midstream Corporation has a 52-week low of $15.76 and a 52-week high of $45.41. The business has a 50 day moving average price of $38.86.

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

Institutional Trading of Summit Midstream

Several institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in shares of Summit Midstream during the 4th quarter worth approximately $159,000. EntryPoint Capital LLC purchased a new stake in shares of Summit Midstream during the 4th quarter worth approximately $207,000. Barclays PLC purchased a new stake in shares of Summit Midstream during the 3rd quarter worth approximately $194,000. Quantbot Technologies LP purchased a new stake in shares of Summit Midstream during the 4th quarter worth approximately $229,000. Finally, Jane Street Group LLC purchased a new stake in shares of Summit Midstream during the 3rd quarter worth approximately $227,000. Hedge funds and other institutional investors own 42.97% of the company’s stock.

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.