Summit Midstream Corporation (NYSE:SMC) CEO Sells $38,040.00 in Stock

Posted by Renee Jackson on Mar 16th, 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, March 12th. The stock was sold at an average price of $38.04, for a total transaction of $38,040.00. Following the sale, the chief executive officer now directly owns 233,326 shares in the company, valued at $8,875,721.04. This trade represents a 0.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

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 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 stock was 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 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 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 shares were sold at an average price of $44.98, for a total transaction of $44,980.00.

Summit Midstream Trading Up 1.8 %

NYSE SMC opened at $37.50 on Friday. Summit Midstream Corporation has a one year low of $31.81 and a one year high of $45.89. The company has a 50-day simple moving average of $41.19 and a 200-day simple moving average of $37.90. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market capitalization of $399.28 million, a PE ratio of -2.93 and a beta of 2.28.

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

Institutional Trading of Summit Midstream

Hedge funds have recently bought and sold shares of the company. Barclays PLC bought a new stake in Summit Midstream in the 3rd quarter valued at about $194,000. Graham Capital Wealth Management LLC bought a new stake in Summit Midstream in the 4th quarter valued at about $3,061,000. Virtus Fund Advisers LLC bought a new stake in Summit Midstream in the 3rd quarter valued at about $3,794,000. Jane Street Group LLC bought a new stake in Summit Midstream in the 3rd quarter valued at about $227,000. Finally, Empowered Funds LLC bought a new stake in shares of Summit Midstream during the 4th quarter worth about $2,132,000. 42.97% of the stock is currently owned by 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.