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

Posted by John. R. Edwardson on Feb 27th, 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 26th. The shares were sold at an average price of $41.96, for a total value of $41,960.00. Following the completion of the sale, the chief executive officer now directly owns 243,326 shares of the company’s stock, valued at approximately $10,209,958.96. The trade was a 0.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

On Monday, February 24th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The shares were sold at an average price of $42.63, for a total value 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 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 transaction of $44,200.00.
On Wednesday, February 12th, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was sold at an average price of $43.80, for a total value 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 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 transaction of $42,780.00.
On Monday, February 3rd, J Heath Deneke sold 1,000 shares of Summit Midstream stock. The stock was 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 shares were sold at an average price of $41.49, for a total transaction of $41,490.00.

Summit Midstream Trading Up 0.9 %

Shares of NYSE SMC opened at $42.23 on Thursday. 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 business’s 50 day moving average price is $40.33. Summit Midstream Corporation has a 1-year low of $17.26 and a 1-year high of $45.89. The company has a market capitalization of $449.72 million, a price-to-earnings ratio of -3.30 and a beta of 2.37.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SMC. Squarepoint Ops LLC bought a new stake in shares of Summit Midstream in the fourth quarter valued at approximately $247,000. OMERS ADMINISTRATION Corp bought a new position in Summit Midstream in the 4th quarter valued at about $382,000. Millennium Management LLC lifted its holdings in shares of Summit Midstream by 599.9% during the 4th quarter. Millennium Management LLC now owns 48,610 shares of the company’s stock worth $1,836,000 after acquiring an additional 41,665 shares during the period. Eagle Global Advisors LLC lifted its stake in Summit Midstream by 131.7% during the fourth quarter. Eagle Global Advisors LLC now owns 73,962 shares of the company’s stock worth $2,794,000 after purchasing an additional 42,035 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Summit Midstream in the 4th quarter valued at $354,000. 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.