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

Posted by Tech Dows on Mar 4th, 2025

Summit Midstream Corporation (NYSE:SMC – Get Free Report) CEO J Heath Deneke sold 1,000 shares of Summit Midstream stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $43.50, for a total transaction of $43,500.00. Following the sale, the chief executive officer now directly owns 240,326 shares of the company’s stock, valued at $10,454,181. This represents a 0.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

On Friday, February 28th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was 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 stock was 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 stock was 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 stock was 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 shares were 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 shares were sold at an average price of $43.80, for a total transaction of $43,800.00.
On Monday, February 10th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $43.43, for a total transaction of $43,430.00.
On Friday, February 7th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $42.67, for a total transaction of $42,670.00.
On Wednesday, February 5th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $42.78, for a total transaction of $42,780.00.

Summit Midstream Stock Down 5.4 %

Shares of SMC stock opened at $42.60 on Tuesday. Summit Midstream Corporation has a 12-month low of $31.81 and a 12-month high of $45.89. The firm has a market cap of $453.59 million, a price-to-earnings ratio of -3.33 and a beta of 2.37. 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 company has a fifty day moving average price of $40.84.

Hedge Funds Weigh In On Summit Midstream

Several institutional investors and hedge funds have recently made changes to their positions in SMC. Virtus Fund Advisers LLC bought a new stake in Summit Midstream in the 3rd quarter valued at $3,794,000. Arrowstreet Capital Limited Partnership bought a new stake in Summit Midstream in the 4th quarter valued at $3,829,000. Geode Capital Management LLC bought a new stake in Summit Midstream in the 3rd quarter valued at $3,313,000. Graham Capital Wealth Management LLC bought a new stake in Summit Midstream in the 4th quarter valued at $3,061,000. Finally, Bridgeway Capital Management LLC bought a new stake in Summit Midstream in the 4th quarter valued at $2,321,000. Institutional investors and hedge funds 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.