Fisher Asset Management LLC decreased its holdings in shares of Southwestern Energy (NYSE:SWN) by 6.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,955,856 shares of the energy company’s stock after selling 257,195 shares during the quarter. Fisher Asset Management LLC’s holdings in Southwestern Energy were worth $18,395,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the stock. BlackRock Inc. lifted its stake in Southwestern Energy by 8.8% during the fourth quarter. BlackRock Inc. now owns 100,016,916 shares of the energy company’s stock worth $298,050,000 after purchasing an additional 8,105,964 shares during the last quarter. EnCap Energy Capital Fund IX L.P. purchased a new stake in Southwestern Energy during the fourth quarter worth approximately $41,018,000. Northern Trust Corp lifted its stake in Southwestern Energy by 5.0% during the fourth quarter. Northern Trust Corp now owns 9,771,504 shares of the energy company’s stock worth $29,119,000 after purchasing an additional 462,797 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Southwestern Energy by 10.4% during the fourth quarter. Bank of New York Mellon Corp now owns 7,720,798 shares of the energy company’s stock worth $23,009,000 after purchasing an additional 730,396 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Southwestern Energy by 8.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,385,520 shares of the energy company’s stock worth $16,049,000 after purchasing an additional 397,231 shares during the last quarter. Hedge funds and other institutional investors own 98.21% of the company’s stock.
Several research firms recently weighed in on SWN. Johnson Rice upgraded Southwestern Energy from a “hold” rating to a “buy” rating and set a $6.75 target price for the company in a research note on Monday, March 15th. Morgan Stanley boosted their price objective on Southwestern Energy from $4.50 to $5.00 and gave the company an “equal weight” rating in a research note on Monday, April 26th. Raymond James reiterated an “underperform” rating on shares of Southwestern Energy in a research note on Thursday, April 29th. Citigroup boosted their price objective on Southwestern Energy from $3.50 to $4.75 in a research note on Tuesday, March 23rd. Finally, Mizuho boosted their price objective on Southwestern Energy from $4.00 to $5.00 and gave the company a “neutral” rating in a research note on Tuesday, April 20th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $4.29.
NYSE SWN opened at $4.59 on Tuesday. The business’s 50-day moving average price is $4.36 and its 200 day moving average price is $3.67. Southwestern Energy has a twelve month low of $2.18 and a twelve month high of $4.88. The company has a market capitalization of $3.11 billion, a PE ratio of -0.86 and a beta of 1.53. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 6.38.
Southwestern Energy (NYSE:SWN) last released its earnings results on Thursday, April 29th. The energy company reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.05. Southwestern Energy had a positive return on equity of 13.06% and a negative net margin of 127.97%. During the same quarter in the prior year, the firm earned $0.10 EPS. Equities analysts predict that Southwestern Energy will post 0.32 EPS for the current year.
Southwestern Energy Company Profile
Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs) in the United States. It operates through two segments: Exploration and Production, and Marketing. The company focuses on the development of unconventional natural gas and oil reservoirs located in Pennsylvania, Ohio, and West Virginia.
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