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

Posted by Tech Dows on Mar 29th, 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 Wednesday, March 26th. The stock was sold at an average price of $35.33, for a total transaction of $35,330.00. Following the completion of the transaction, the chief executive officer now owns 268,170 shares of the company’s stock, valued at approximately $9,474,446.10. The trade was a 0.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

On Friday, March 28th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $34.67, for a total transaction of $34,670.00.
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 shares were sold at an average price of $36.30, for a total value of $36,300.00.
On Wednesday, March 19th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.68, for a total value 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 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 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 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 value of $40,550.00.

Summit Midstream Stock Performance

Shares of NYSE SMC opened at $34.25 on Friday. Summit Midstream Corporation has a one year low of $31.81 and a one year high of $45.89. The business’s 50-day moving average price is $40.86 and its two-hundred day moving average price is $37.84. 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 company has a market capitalization of $638.50 million, a P/E ratio of -2.67 and a beta of 2.28.

Summit Midstream (NYSE:SMC – Get Free Report) last released its quarterly earnings data on Friday, March 21st. The company reported ($2.40) EPS 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 company posted ($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. BNP Paribas Financial Markets bought a new stake in Summit Midstream in the fourth quarter worth $57,000. Tower Research Capital LLC TRC boosted its stake in shares of 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 acquiring an additional 2,854 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Summit Midstream during the 4th quarter valued at about $159,000. Barclays PLC bought a new position in shares of Summit Midstream in the 3rd quarter valued at approximately $194,000. Finally, EntryPoint Capital LLC acquired a new stake in Summit Midstream in the 4th quarter worth approximately $207,000. 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.