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

Posted by Tyrone Williams on Mar 27th, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of Summit Midstream stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $35.33, for a total value of $35,330.00. Following the sale, the chief executive officer now directly owns 268,170 shares in the company, valued at approximately $9,474,446.10. This trade represents a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

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 value 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 value 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 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 shares were 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 stock was 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 value 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.
On Monday, March 3rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $43.50, for a total transaction of $43,500.00.

Summit Midstream Trading Down 1.0 %

Shares of Summit Midstream stock opened at $35.34 on Thursday. The stock has a market capitalization of $658.99 million, a P/E ratio of -2.76 and a beta of 2.28. Summit Midstream Corporation has a 12-month low of $31.81 and a 12-month high of $45.89. 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 company has a 50-day simple moving average of $41.06 and a 200 day simple moving average of $37.89.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets bought a new position in shares of Summit Midstream in the fourth quarter worth about $57,000. Tower Research Capital LLC TRC increased its holdings in shares of Summit Midstream by 1,106.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,112 shares of the company’s stock valued at $118,000 after purchasing an additional 2,854 shares in the last quarter. SG Americas Securities LLC bought a new position in Summit Midstream in the 4th quarter worth approximately $159,000. Barclays PLC acquired a new position in Summit Midstream during the 3rd quarter worth $194,000. Finally, EntryPoint Capital LLC bought a new position in Summit Midstream in the 4th quarter valued at $207,000. Institutional investors and hedge funds own 42.97% of the company’s stock.

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.