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

Posted by Micah Haroldson on Jan 29th, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $42.86, for a total value of $42,860.00. Following the sale, the chief executive officer now owns 266,326 shares of the company’s stock, valued at $11,414,732.36. This trade represents a 0.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

On Monday, January 27th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $40.80, for a total value of $40,800.00.
On Tuesday, January 21st, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $42.06, for a total value of $42,060.00.
On Friday, January 17th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $40.11, for a total value of $40,110.00.
On Wednesday, January 15th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.98, for a total value of $37,980.00.
On Monday, January 13th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.63, for a total value of $37,630.00.
On Friday, January 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.60, for a total value of $37,600.00.
On Wednesday, January 8th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.50, for a total value of $37,500.00.
On Monday, January 6th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.81, for a total value of $37,810.00.
On Thursday, January 2nd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $37.49, for a total value of $37,490.00.
On Monday, December 30th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $36.52, for a total value of $36,520.00.

Summit Midstream Stock Performance

Shares of SMC stock opened at $40.70 on Wednesday. The company has a 50-day moving average price of $37.59. 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 firm has a market capitalization of $433.50 million, a price-to-earnings ratio of -3.18 and a beta of 2.37. Summit Midstream Corporation has a fifty-two week low of $15.56 and a fifty-two week high of $43.99.

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

Institutional Trading of Summit Midstream

Several hedge funds and other institutional investors have recently bought and sold shares of SMC. Valeo Financial Advisors LLC acquired a new stake in Summit Midstream during the third quarter worth about $529,000. Fractal Investments LLC acquired a new stake in Summit Midstream during the third quarter worth about $1,576,000. Pekin Hardy Strauss Inc. acquired a new stake in Summit Midstream during the third quarter worth about $1,311,000. Virtus Fund Advisers LLC acquired a new stake in Summit Midstream during the third quarter worth about $3,794,000. Finally, Jane Street Group LLC acquired a new stake in Summit Midstream during the third quarter worth about $227,000. 42.97% of the stock is owned by institutional investors and hedge funds.

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.