California State Teachers Retirement System reduced its stake in Southwestern Energy Company (NYSE:SWN) by 4.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 930,887 shares of the energy company’s stock after selling 42,834 shares during the period. California State Teachers Retirement System owned 0.19% of Southwestern Energy worth $5,660,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of SWN. Tudor Investment Corp ET AL bought a new position in shares of Southwestern Energy in the 1st quarter worth $102,000. Zacks Investment Management bought a new position in shares of Southwestern Energy in the 2nd quarter worth $105,000. MML Investors Services LLC boosted its position in shares of Southwestern Energy by 5.3% in the 2nd quarter. MML Investors Services LLC now owns 17,941 shares of the energy company’s stock worth $109,000 after purchasing an additional 900 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in shares of Southwestern Energy in the 1st quarter worth $111,000. Finally, Partnervest Advisory Services LLC bought a new position in shares of Southwestern Energy in the 2nd quarter worth $122,000. Institutional investors and hedge funds own 89.58% of the company’s stock.
Several research analysts have recently issued reports on SWN shares. Cowen and Company set a $9.00 price target on Southwestern Energy and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Citigroup Inc. reduced their price target on Southwestern Energy from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Stifel Nicolaus restated a “buy” rating on shares of Southwestern Energy in a research report on Thursday, September 14th. Barclays PLC reduced their price target on Southwestern Energy from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 11th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $9.00 price target on shares of Southwestern Energy in a research report on Thursday, July 20th. Six equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $10.90.
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Shares of Southwestern Energy Company (NYSE SWN) opened at 5.44 on Monday. The company has a 50 day moving average price of $5.78 and a 200-day moving average price of $6.11. The firm’s market cap is $2.71 billion. Southwestern Energy Company has a 52-week low of $4.90 and a 52-week high of $12.85.
Southwestern Energy (NYSE:SWN) last released its quarterly earnings data on Thursday, October 26th. The energy company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.01). The company had revenue of $737.00 million for the quarter, compared to the consensus estimate of $773.99 million. Southwestern Energy had a return on equity of 23.99% and a net margin of 16.31%. Southwestern Energy’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the company earned $0.03 EPS. On average, analysts expect that Southwestern Energy Company will post $0.48 earnings per share for the current fiscal year.
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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