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

Posted by Lindsey Winhoffer on Mar 16th, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $38.04, for a total transaction of $38,040.00. Following the completion of the sale, the chief executive officer now owns 233,326 shares in the company, valued at $8,875,721.04. This represents a 0.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

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 transaction of $37,470.00.
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 transaction 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 stock was sold at an average price of $40.55, for a total transaction 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.
On Friday, February 28th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $44.28, for a total transaction of $44,280.00.
On Wednesday, February 26th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $41.96, for a total transaction of $41,960.00.
On Monday, February 24th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $42.63, for a total transaction of $42,630.00.
On Thursday, February 20th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $44.23, for a total transaction of $44,230.00.
On Tuesday, February 18th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $44.98, for a total transaction of $44,980.00.

Summit Midstream Stock Performance

NYSE:SMC opened at $37.50 on Friday. 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 market cap of $399.28 million, a P/E ratio of -2.93 and a beta of 2.28. Summit Midstream Corporation has a fifty-two week low of $31.81 and a fifty-two week high of $45.89. The firm’s 50 day moving average is $41.19 and its two-hundred day moving average is $37.90.

Summit Midstream (NYSE:SMC – Get Free Report) last posted its quarterly earnings results on Monday, March 10th. The company reported ($2.19) earnings per share for the quarter. The company had revenue of $107.02 million for the quarter. Summit Midstream had a positive return on equity of 0.71% and a negative net margin of 23.01%.

Hedge Funds Weigh In On Summit Midstream

A number of hedge funds have recently made changes to their positions in SMC. Pekin Hardy Strauss Inc. purchased a new position in shares of Summit Midstream in the 3rd quarter valued at $1,311,000. Virtus Fund Advisers LLC purchased a new position in shares of Summit Midstream in the 3rd quarter valued at $3,794,000. Jane Street Group LLC purchased a new position in shares of Summit Midstream in the 3rd quarter valued at $227,000. Barclays PLC purchased a new position in shares of Summit Midstream in the 3rd quarter valued at $194,000. Finally, Geode Capital Management LLC purchased a new position in shares of Summit Midstream in the 3rd quarter valued at $3,313,000. Hedge funds and other institutional investors 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.