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

Posted by Renee Jackson on Feb 1st, 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 Wednesday, January 29th. The stock was sold at an average price of $40.88, for a total transaction of $40,880.00. Following the sale, the chief executive officer now owns 262,326 shares of the company’s stock, valued at $10,723,886.88. The trade was a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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 stock was sold at an average price of $40.80, for a total value of $40,800.00.
On Thursday, January 23rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $42.86, for a total value of $42,860.00.
On Tuesday, January 21st, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was 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 stock was sold at an average price of $40.11, for a total transaction 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 transaction of $37,980.00.
On Monday, January 13th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $37.63, for a total transaction 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 transaction 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 stock was sold at an average price of $37.49, for a total transaction of $37,490.00.

Summit Midstream Trading Down 0.1 %

SMC opened at $41.51 on Friday. 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 $37.89. Summit Midstream Corporation has a 1 year low of $15.56 and a 1 year high of $43.99.

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

Institutional Trading of Summit Midstream

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Valeo Financial Advisors LLC acquired a new stake in Summit Midstream in the 3rd quarter valued at $529,000. Fractal Investments LLC acquired a new stake in shares of Summit Midstream in the third quarter valued at about $1,576,000. Pekin Hardy Strauss Inc. purchased a new stake in shares of Summit Midstream during the third quarter worth about $1,311,000. Virtus Fund Advisers LLC acquired a new position in shares of Summit Midstream during the 3rd quarter worth about $3,794,000. Finally, Jane Street Group LLC purchased a new position in Summit Midstream in the 3rd quarter valued at about $227,000. 42.97% of the stock is currently owned by hedge funds and other institutional investors.

About Summit Midstream

(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.