Insider Selling: Summit Midstream Corporation (NYSE:SMC) CEO Sells 1,000 Shares of Stock

Posted by Tech Dows on Mar 27th, 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 that occurred on Monday, March 24th. The shares were sold at an average price of $36.32, for a total value of $36,320.00. Following the completion of the transaction, the chief executive officer now owns 270,170 shares of the company’s stock, valued at $9,812,574.40. This represents a 0.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

On Wednesday, March 26th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $35.33, for a total transaction of $35,330.00.
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 shares were 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 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 shares were sold at an average price of $43.50, for a total transaction of $43,500.00.

Summit Midstream Stock Down 1.0 %

Shares of NYSE SMC traded down $0.36 during mid-day trading on Wednesday, hitting $35.34. The company had a trading volume of 97,549 shares, compared to its average volume of 76,095. 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 50-day simple moving average of $41.06 and a two-hundred day simple moving average of $37.89. The company has a market capitalization of $658.99 million, a PE ratio of -2.76 and a beta of 2.28. 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 Friday, March 21st. The company reported ($2.40) earnings per share for the quarter. Summit Midstream had a negative net margin of 23.01% and a positive return on equity of 0.71%. During the same period in the prior year, the company earned ($2.12) earnings per share.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SMC. Virtus Fund Advisers LLC bought a new stake in Summit Midstream in the third quarter valued at approximately $3,794,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Summit Midstream during the fourth quarter worth approximately $3,829,000. Geode Capital Management LLC acquired a new position in shares of Summit Midstream in the third quarter valued at approximately $3,313,000. Graham Capital Wealth Management LLC bought a new position in shares of Summit Midstream during the fourth quarter worth approximately $3,061,000. Finally, Bridgeway Capital Management LLC acquired a new stake in Summit Midstream during the 4th quarter worth approximately $2,321,000. 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.