Texas Permanent School Fund boosted its stake in shares of Southwestern Energy Company (NYSE:SWN) by 153.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 369,338 shares of the energy company’s stock after buying an additional 223,844 shares during the period. Texas Permanent School Fund’s holdings in Southwestern Energy were worth $2,246,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the stock. Whittier Trust Co. raised its position in shares of Southwestern Energy by 2.4% in the second quarter. Whittier Trust Co. now owns 71,533 shares of the energy company’s stock valued at $435,000 after buying an additional 1,701 shares in the last quarter. Creative Planning raised its position in shares of Southwestern Energy by 26.1% in the first quarter. Creative Planning now owns 25,448 shares of the energy company’s stock valued at $208,000 after buying an additional 5,266 shares in the last quarter. UBS Oconnor LLC raised its position in shares of Southwestern Energy by 294.0% in the first quarter. UBS Oconnor LLC now owns 857,670 shares of the energy company’s stock valued at $7,007,000 after buying an additional 640,014 shares in the last quarter. BlackRock Inc. raised its position in shares of Southwestern Energy by 2,582.8% in the first quarter. BlackRock Inc. now owns 31,270,589 shares of the energy company’s stock valued at $255,479,000 after buying an additional 30,105,011 shares in the last quarter. Finally, Ngam Advisors L.P. raised its position in shares of Southwestern Energy by 75.0% in the first quarter. Ngam Advisors L.P. now owns 42,849 shares of the energy company’s stock valued at $350,000 after buying an additional 18,370 shares in the last quarter. Hedge funds and other institutional investors own 93.62% of the company’s stock.
Southwestern Energy Company (NYSE:SWN) opened at 5.22 on Friday. The firm’s 50-day moving average price is $5.76 and its 200 day moving average price is $7.16. The firm’s market cap is $2.60 billion. Southwestern Energy Company has a 12-month low of $5.00 and a 12-month high of $15.59.
Southwestern Energy (NYSE:SWN) last announced its quarterly earnings data on Thursday, August 3rd. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by $0.08. The firm had revenue of $811 million during the quarter, compared to the consensus estimate of $810 million. Southwestern Energy had a negative net margin of 9.46% and a positive return on equity of 25.19%. The business’s revenue was up 55.4% compared to the same quarter last year. During the same period last year, the business earned ($0.09) earnings per share. Analysts forecast that Southwestern Energy Company will post $0.58 earnings per share for the current fiscal year.
Several equities analysts recently issued reports on SWN shares. BidaskClub lowered Southwestern Energy from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Cowen and Company set a $9.00 price objective on Southwestern Energy and gave the company a “buy” rating in a report on Wednesday, July 19th. Citigroup Inc. decreased their price objective on Southwestern Energy from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Barclays PLC reaffirmed an “equal weight” rating and set a $9.00 price objective (down from $10.00) on shares of Southwestern Energy in a report on Saturday, April 22nd. Finally, Zacks Investment Research downgraded Southwestern Energy from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $12.55.
About Southwestern Energy
Southwestern Energy Company is an energy company engaged in natural gas and oil exploration, development and production. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. Its operations in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale.
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