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

Posted by Lindsey Winhoffer on Mar 13th, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $39.23, for a total transaction of $39,230.00. Following the transaction, the chief executive officer now owns 236,326 shares in the company, valued at $9,271,068.98. The trade was a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

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 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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.
On Friday, February 14th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $44.20, for a total transaction of $44,200.00.
On Wednesday, February 12th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $43.80, for a total transaction of $43,800.00.

Summit Midstream Stock Performance

Shares of SMC stock opened at $37.68 on Thursday. The business has a 50 day moving average of $41.22. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.33 and a current ratio of 1.33. Summit Midstream Corporation has a one year low of $31.81 and a one year high of $45.89. The firm has a market cap of $401.26 million, a price-to-earnings ratio of -2.94 and a beta of 2.28.

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

Institutional Investors Weigh In On Summit Midstream

Several large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets purchased a new stake in Summit Midstream during the 4th quarter worth approximately $57,000. Tower Research Capital LLC TRC increased its stake in Summit Midstream by 1,106.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,112 shares of the company’s stock worth $118,000 after buying an additional 2,854 shares during the period. Cetera Investment Advisers increased its stake in Summit Midstream by 18.9% during the 4th quarter. Cetera Investment Advisers now owns 21,856 shares of the company’s stock worth $826,000 after buying an additional 3,472 shares during the period. Jane Street Group LLC increased its stake in Summit Midstream by 56.8% during the 4th quarter. Jane Street Group LLC now owns 10,163 shares of the company’s stock worth $384,000 after buying an additional 3,680 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Summit Midstream during the 4th quarter worth approximately $159,000. 42.97% of the stock is owned by hedge funds and other institutional investors.

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.