JPMorgan Chase & Co. lifted its stake in Southwestern Energy (NYSE:SWN) by 73.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 927,995 shares of the energy company’s stock after acquiring an additional 393,619 shares during the quarter. JPMorgan Chase & Co. owned 0.18% of Southwestern Energy worth $5,698,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Capital World Investors lifted its holdings in shares of Southwestern Energy by 1.4% in the 2nd quarter. Capital World Investors now owns 8,944,540 shares of the energy company’s stock worth $54,383,000 after acquiring an additional 121,765 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Southwestern Energy by 77.5% in the 2nd quarter. Sterling Capital Management LLC now owns 8,405,909 shares of the energy company’s stock worth $51,108,000 after acquiring an additional 3,669,743 shares during the last quarter. Bridgewater Associates LP lifted its holdings in shares of Southwestern Energy by 117.5% in the 2nd quarter. Bridgewater Associates LP now owns 8,234,921 shares of the energy company’s stock worth $50,068,000 after acquiring an additional 4,449,396 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its holdings in shares of Southwestern Energy by 22.8% in the 2nd quarter. Ontario Teachers Pension Plan Board now owns 7,563,624 shares of the energy company’s stock worth $45,987,000 after acquiring an additional 1,405,925 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN lifted its holdings in shares of Southwestern Energy by 57.2% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 6,840,087 shares of the energy company’s stock worth $41,588,000 after acquiring an additional 2,487,525 shares during the last quarter. Hedge funds and other institutional investors own 88.52% of the company’s stock.
SWN has been the topic of several recent analyst reports. Scotiabank set a $8.00 price objective on shares of Southwestern Energy and gave the stock a “hold” rating in a report on Saturday, October 21st. Stifel Nicolaus reiterated a “buy” rating on shares of Southwestern Energy in a report on Thursday, September 14th. Barclays reduced their target price on shares of Southwestern Energy from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 11th. Morgan Stanley increased their target price on shares of Southwestern Energy from $5.00 to $6.00 and gave the stock an “underweight” rating in a report on Wednesday, October 18th. Finally, KeyCorp reiterated a “hold” rating on shares of Southwestern Energy in a report on Sunday, September 3rd. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the stock. Southwestern Energy currently has an average rating of “Hold” and a consensus target price of $8.90.
Southwestern Energy (NYSE:SWN) last announced its quarterly earnings data on Thursday, October 26th. The energy company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.01). Southwestern Energy had a net margin of 16.31% and a return on equity of 23.99%. The firm had revenue of $737.00 million during the quarter, compared to analyst estimates of $773.99 million. During the same quarter in the previous year, the business posted $0.03 earnings per share. Southwestern Energy’s revenue for the quarter was up 13.2% compared to the same quarter last year. sell-side analysts anticipate that Southwestern Energy will post 0.44 earnings per share for the current fiscal year.
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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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