Sterling Capital Management LLC grew its holdings in Southwestern Energy Company (NYSE:SWN) by 77.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 8,405,909 shares of the energy company’s stock after buying an additional 3,669,743 shares during the quarter. Sterling Capital Management LLC owned approximately 1.69% of Southwestern Energy worth $51,108,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SWN. Comerica Bank lifted its holdings in Southwestern Energy by 0.8% in the 1st quarter. Comerica Bank now owns 152,631 shares of the energy company’s stock worth $1,171,000 after buying an additional 1,149 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in Southwestern Energy by 1.4% in the 1st quarter. UBS Asset Management Americas Inc. now owns 1,369,661 shares of the energy company’s stock worth $11,190,000 after buying an additional 18,930 shares during the period. Ameriprise Financial Inc. lifted its holdings in Southwestern Energy by 18.5% in the 1st quarter. Ameriprise Financial Inc. now owns 846,058 shares of the energy company’s stock worth $6,912,000 after buying an additional 132,258 shares during the period. Mason Street Advisors LLC lifted its holdings in Southwestern Energy by 2.5% in the 1st quarter. Mason Street Advisors LLC now owns 68,815 shares of the energy company’s stock worth $562,000 after buying an additional 1,678 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in Southwestern Energy by 27.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 41,116 shares of the energy company’s stock worth $335,000 after buying an additional 8,917 shares during the period. Institutional investors and hedge funds own 89.54% of the company’s stock.
Southwestern Energy Company (NYSE:SWN) traded down 0.6809% on Thursday, reaching $5.8201. The company had a trading volume of 8,019,599 shares. Southwestern Energy Company has a 52 week low of $5.00 and a 52 week high of $13.88. The stock’s 50-day moving average is $5.80 and its 200-day moving average is $6.33. The company’s market capitalization is $2.90 billion.
Southwestern Energy (NYSE:SWN) last posted its earnings results on Thursday, August 3rd. The energy company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.08). The company had revenue of $811.00 million for the quarter, compared to analysts’ expectations of $810.00 million. Southwestern Energy had a positive return on equity of 25.19% and a negative net margin of 9.46%. The firm’s quarterly revenue was up 55.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.09) EPS. Equities research analysts forecast that Southwestern Energy Company will post $0.52 EPS for the current fiscal year.
Several research firms have weighed in on SWN. Scotiabank set a $9.00 price objective on Southwestern Energy and gave the stock a “hold” rating in a report on Saturday, July 1st. Barclays PLC dropped their price objective on Southwestern Energy from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Wednesday. BidaskClub upgraded Southwestern Energy from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Royal Bank Of Canada set a $8.00 price objective on Southwestern Energy and gave the stock a “hold” rating in a report on Tuesday, August 8th. Finally, Piper Jaffray Companies dropped their price objective on Southwestern Energy from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Monday, September 18th. Five equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $11.60.
Southwestern Energy Company Profile
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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