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

Summit Midstream Corporation (NYSE:SMC) CEO J Heath Deneke sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $44.23, for a total value of $44,230.00. Following the completion of the sale, the chief executive officer now directly owns 247,326 shares of the company’s stock, valued at $10,939,228.98. This represents a 0.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 value of $44,980.00.
• On Friday, February 14th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $44.20, for a total value 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 stock was 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 stock was sold at an average price of $42.78, for a total transaction 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 shares were 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.

Summit Midstream Trading Down 3.7 %

Shares of Summit Midstream stock opened at $43.47 on Friday. Summit Midstream Corporation has a 1 year low of $17.11 and a 1 year high of $45.89. The business has a fifty day moving average of $39.91. The firm has a market capitalization of $462.90 million, a P/E ratio of -3.39 and a beta of 2.37. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.33 and a current ratio of 1.33.

Institutional Trading of Summit Midstream

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Squarepoint Ops LLC acquired a new position in shares of Summit Midstream during the fourth quarter valued at about $247,000. OMERS ADMINISTRATION Corp bought a new position in Summit Midstream during the fourth quarter valued at about $382,000. Millennium Management LLC raised its holdings in Summit Midstream by 599.9% in the 4th quarter. Millennium Management LLC now owns 48,610 shares of the company’s stock valued at $1,836,000 after acquiring an additional 41,665 shares in the last quarter. Eagle Global Advisors LLC raised its holdings in Summit Midstream by 131.7% in the 4th quarter. Eagle Global Advisors LLC now owns 73,962 shares of the company’s stock valued at $2,794,000 after acquiring an additional 42,035 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Summit Midstream in the 4th quarter worth approximately $354,000. 42.97% of the stock is currently owned by institutional investors and hedge funds.

Summit Midstream Company Profile

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.