Fisher Asset Management LLC Has $22.38 Million Stake in SM Energy Company $SM

Fisher Asset Management LLC increased its position in SM Energy Company (NYSE:SM) by 4.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 896,332 shares of the energy company’s stock after purchasing an additional 35,031 shares during the quarter. Fisher Asset Management LLC’s holdings in SM Energy were worth $22,381,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. raised its stake in shares of SM Energy by 36.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,010 shares of the energy company’s stock valued at $50,000 after buying an additional 535 shares in the last quarter. First National Advisers LLC increased its stake in SM Energy by 4.8% in the third quarter. First National Advisers LLC now owns 12,604 shares of the energy company’s stock valued at $315,000 after acquiring an additional 578 shares during the period. Meeder Asset Management Inc. increased its stake in SM Energy by 1.5% in the third quarter. Meeder Asset Management Inc. now owns 44,701 shares of the energy company’s stock valued at $1,116,000 after acquiring an additional 650 shares during the period. Legacy Wealth Managment LLC ID lifted its stake in SM Energy by 25.0% during the second quarter. Legacy Wealth Managment LLC ID now owns 3,300 shares of the energy company’s stock worth $82,000 after purchasing an additional 661 shares during the period. Finally, Insight Wealth Strategies LLC lifted its stake in SM Energy by 0.6% during the third quarter. Insight Wealth Strategies LLC now owns 108,074 shares of the energy company’s stock worth $2,699,000 after purchasing an additional 693 shares during the period. Institutional investors own 94.56% of the company’s stock.

Trending Headlines about SM Energy

Here are the key news stories impacting SM Energy this week:

• Positive Sentiment: SM priced an upsized private offering of $1.0 billion of 6.625% senior notes due 2034 at par, a lower coupon and longer maturity than the 2028 notes it plans to retire — this reduces future interest costs and extends debt maturities, which investors view favorably. SM ENERGY PRICES AN UPSIZED PRIVATE OFFERING OF $1.0 BILLION OF SENIOR NOTES DUE 2034
• Positive Sentiment: SM launched a cash tender offer to repurchase up to $750.0 million aggregate principal of 8.375% senior notes due 2028 (assumed from Civitas). Buying back higher‑coupon paper with new 2034 notes (and cash/borrowings) should materially lower coupon expense if executed. SM ENERGY COMPANY ANNOUNCES CASH TENDER OFFER FOR UP TO $750.0 MILLION
• Positive Sentiment: The initial private offering announcement (planned $750M) and subsequent upsizing to $1.0B signals strong investor demand for the new paper, which markets often read as validation of credit access. SM ENERGY ANNOUNCES PRIVATE OFFERING OF $750 MILLION OF SENIOR NOTES DUE 2034
• Positive Sentiment: Management’s earnings call emphasized cash generation, merger synergies and capital discipline — messaging that supports confidence in the company’s ability to pay down or refinance debt and to sustain shareholder value post‑merger. SM Energy Earnings Call Highlights Cash, Synergies, Discipline
• Positive Sentiment: Unusually large call option activity (a surge in calls) suggests speculative/hedged bullish interest from traders anticipating upside from the refinancing and merger synergies. (Market data report)
• Neutral Sentiment: Coverage pieces noting a portfolio shift and “bigger ambitions” post‑merger are being watched; these could be longer‑term positives but are not immediate earnings or cash‑flow movers. SM Energy Portfolio Shift Hints At Bigger Ambitions
• Negative Sentiment: Potential downsides: issuing ~$1.0B of new debt increases total debt headroom in the near term (even if higher‑coupon notes are repurchased only up to $750M), could pressure leverage/coverage metrics if full retirements aren’t achieved, and uses cash/credit lines during the transition — investors will watch tender offer take‑up and pro‑forma leverage closely. SM Energy Launches Senior Notes Offering and Tender Offer

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Mizuho set a $34.00 price objective on SM Energy in a research note on Friday, January 9th. Zacks Research upgraded SM Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. TD Cowen upgraded SM Energy to a “strong-buy” rating in a research note on Monday, February 9th. Susquehanna cut their price objective on SM Energy from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, January 26th. Finally, Roth Mkm restated a “buy” rating and issued a $24.00 target price on shares of SM Energy in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $31.22.

SM Energy Stock Performance

SM Energy stock opened at $24.55 on Thursday. The stock has a 50-day simple moving average of $20.11 and a 200 day simple moving average of $21.76. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 4.35 and a beta of 1.03. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.48. SM Energy Company has a 12-month low of $17.45 and a 12-month high of $32.26.

SM Energy (NYSE:SM) last issued its quarterly earnings data on Wednesday, February 25th. The energy company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.10. SM Energy had a net margin of 20.55% and a return on equity of 13.47%. The firm had revenue of $704.92 million for the quarter, compared to analyst estimates of $764.40 million. During the same quarter in the prior year, the firm earned $1.91 EPS. The company’s revenue was down 17.3% on a year-over-year basis. On average, research analysts anticipate that SM Energy Company will post 8.1 earnings per share for the current fiscal year.

SM Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 9th will be issued a $0.22 dividend. This is an increase from SM Energy’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, March 9th. SM Energy’s dividend payout ratio (DPR) is 14.16%.

SM Energy Profile

SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.