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

Posted by Jessica Moore on Feb 13th, 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 Wednesday, February 12th. The shares were sold at an average price of $43.80, for a total value of $43,800.00. Following the transaction, the chief executive officer now owns 252,326 shares of the company’s stock, valued at $11,051,878.80. This represents a 0.39 % decrease in their position. The transaction 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 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 value 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 value 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 value of $42,780.00.
On Monday, February 3rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $41.04, for a total value of $41,040.00.
On Friday, January 31st, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $41.49, for a total value of $41,490.00.
On Wednesday, January 29th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $40.88, for a total value of $40,880.00.
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 stock was 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 value of $40,110.00.

Summit Midstream Trading Up 0.1 %

Shares of SMC stock opened at $43.94 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.20. Summit Midstream Corporation has a 1 year low of $15.76 and a 1 year high of $44.67. The stock’s fifty day simple moving average is $38.73.

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

Institutional Trading of Summit Midstream

Several institutional investors have recently modified their holdings of SMC. Virtus Fund Advisers LLC acquired a new stake in shares of Summit Midstream in the third quarter valued at $3,794,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Summit Midstream in the fourth quarter valued at $3,829,000. Geode Capital Management LLC acquired a new stake in shares of Summit Midstream in the third quarter valued at $3,313,000. Graham Capital Wealth Management LLC acquired a new stake in shares of Summit Midstream in the fourth quarter valued at $3,061,000. Finally, Rangeley Capital LLC acquired a new stake in shares of Summit Midstream in the fourth quarter valued at $2,183,000. Institutional investors and hedge funds own 42.97% of the company’s stock.

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.