Summit Midstream Corporation (NYSE:SMC) CEO Sells $38,500.00 in Stock

Posted by Mark Dietrich on Mar 19th, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $38.50, for a total transaction of $38,500.00. Following the completion of the transaction, the chief executive officer now directly owns 275,170 shares in the company, valued at approximately $10,594,045. The trade was a 0.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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 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 shares were 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 shares were 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 shares were 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.

Summit Midstream Stock Performance

Shares of NYSE:SMC traded down $1.20 during mid-day trading on Tuesday, reaching $37.51. The company had a trading volume of 81,247 shares, compared to its average volume of 73,216. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.20. The firm has a market cap of $399.42 million, a price-to-earnings ratio of -2.93 and a beta of 2.28. The company’s 50-day moving average price is $41.20 and its 200-day moving average price is $37.91. Summit Midstream Corporation has a one year low of $31.81 and a one year high of $45.89.

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

Institutional Investors Weigh In On Summit Midstream

A number of hedge funds have recently modified their holdings of SMC. Squarepoint Ops LLC purchased a new position in Summit Midstream in the 4th quarter valued at approximately $247,000. OMERS ADMINISTRATION Corp purchased a new position in Summit Midstream in the 4th quarter valued at approximately $382,000. Millennium Management LLC grew its stake in Summit Midstream by 599.9% in the 4th quarter. Millennium Management LLC now owns 48,610 shares of the company’s stock valued at $1,836,000 after buying an additional 41,665 shares in the last quarter. Eagle Global Advisors LLC grew its stake in Summit Midstream by 131.7% in the 4th quarter. Eagle Global Advisors LLC now owns 73,962 shares of the company’s stock valued at $2,794,000 after buying an additional 42,035 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in Summit Midstream in the 4th quarter valued at approximately $354,000. 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.