State Street Corp Amends SM Energy Co Stake as of 12/31/23
Ticker: SM · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 893538
| Field | Detail |
|---|---|
| Company | Sm Energy Co (SM) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street just updated its SM Energy Co stake, showing continued institutional interest.**
AI Summary
State Street Corporation, a major financial institution, has filed an amended SC 13G/A for SM Energy Co, an oil and natural gas company. As of December 31, 2023, State Street Corporation reported beneficial ownership of SM Energy Co's common stock, indicating a significant, though passive, investment. This filing is important for investors as it shows a large institutional holder's updated position, which can influence market perception and liquidity for SM Energy Co stock.
Why It Matters
This filing updates State Street Corporation's passive ownership in SM Energy Co, providing transparency on institutional holdings which can impact investor confidence and stock stability.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor, indicating passive ownership rather than an activist stake, posing minimal direct risk.
Analyst Insight
An investor should note that a large institutional holder like State Street Corporation continues to hold SM Energy Co stock, suggesting a baseline level of institutional confidence, but this filing alone doesn't indicate any immediate catalysts for price movement.
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- SM Energy Co (company) — the subject company, an oil and natural gas producer
- December 31, 2023 (date) — the date of the event requiring this filing
- 04-2456637 (number) — State Street Corporation's IRS Identification No.
- 78454L100 (number) — CUSIP number for SM Energy Co common stock
Forward-Looking Statements
- State Street Corporation will maintain a significant, passive stake in SM Energy Co for the foreseeable future. (State Street Corporation) — high confidence, target: 12/31/2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934, as indicated by 'FORM TYPE: SC 13G/A' and 'AMENDED FILING' in the document.
Who is the reporting person in this filing?
The reporting person is STATE STREET CORPORATION, as explicitly stated under 'NAME OF REPORTING PERSON: STATE STREET CORPORATION' on page 2 of 5.
What is the subject company of this filing?
The subject company, also known as the issuer, is SM ENERGY CO, as identified by 'NAME OF ISSUER: SM ENERGY CO' in the filing.
What is the date of the event that required this filing?
The date of the event which requires the filing of this statement is 12/31/2023, as stated under 'DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT'.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the common stock of SM Energy Co is 78454L100, as listed under 'CUSIP NUMBER' and 'CUSIP NO:78454L100' in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding SM Energy Co (SM).