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

Posted by Hanz Christensen on Mar 28th, 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 shares were sold at an average price of $35.33, for a total value of $35,330.00. Following the completion of the transaction, the chief executive officer now directly owns 268,170 shares of the company’s stock, valued at approximately $9,474,446.10. This represents a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 shares were sold at an average price of $36.32, for a total transaction of $36,320.00.
On Friday, March 21st, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $36.30, for a total transaction of $36,300.00.
On Wednesday, March 19th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were 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 value of $38,500.00.
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 value 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 value 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 transaction 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 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.

Summit Midstream Stock Down 0.1 %

Summit Midstream stock opened at $35.40 on Friday. The stock has a market cap of $660.03 million, a PE ratio of -2.76 and a beta of 2.28. 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 stock’s fifty day moving average is $41.01 and its two-hundred day moving average is $37.87. Summit Midstream Corporation has a 1-year low of $31.81 and a 1-year high of $45.89.

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

Institutional Trading of Summit Midstream

Several institutional investors have recently modified their holdings of SMC. BNP Paribas Financial Markets acquired a new stake in Summit Midstream during the 4th quarter worth $57,000. Tower Research Capital LLC TRC grew its holdings in shares of Summit Midstream by 1,106.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,112 shares of the company’s stock worth $118,000 after purchasing an additional 2,854 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Summit Midstream during the fourth quarter worth about $159,000. Barclays PLC purchased a new stake in shares of Summit Midstream in the 3rd quarter valued at about $194,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Summit Midstream in the 4th quarter valued at about $207,000. 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.