Blue Sky Asset Management LLC Lowers Stake in Southwestern Energy (SWN)

Blue Sky Asset Management LLC cut its stake in shares of Southwestern Energy (NYSE:SWN) by 22.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 139,260 shares of the energy company’s stock after selling 41,439 shares during the period. Blue Sky Asset Management LLC’s holdings in Southwestern Energy were worth $777,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SWN. Ameriprise Financial Inc. grew its stake in shares of Southwestern Energy by 85.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,570,697 shares of the energy company’s stock valued at $9,550,000 after buying an additional 724,639 shares during the period. Thrivent Financial For Lutherans boosted its position in Southwestern Energy by 462.6% during the 2nd quarter. Thrivent Financial For Lutherans now owns 102,670 shares of the energy company’s stock worth $624,000 after purchasing an additional 84,420 shares during the period. California Public Employees Retirement System boosted its position in Southwestern Energy by 6.2% during the 2nd quarter. California Public Employees Retirement System now owns 1,027,500 shares of the energy company’s stock worth $6,247,000 after purchasing an additional 60,400 shares during the period. Parametric Portfolio Associates LLC boosted its position in Southwestern Energy by 31.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,783,369 shares of the energy company’s stock worth $10,843,000 after purchasing an additional 428,840 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its position in Southwestern Energy by 50.1% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 84,200 shares of the energy company’s stock worth $512,000 after purchasing an additional 28,100 shares during the period. 77.27% of the stock is owned by institutional investors.

Southwestern Energy (NYSE:SWN) opened at $3.60 on Thursday. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a market cap of $1,840.00, a PE ratio of 5.81 and a beta of 0.96. Southwestern Energy has a 12-month low of $3.60 and a 12-month high of $9.17.

A number of analysts recently weighed in on the stock. Barclays upped their price target on shares of Southwestern Energy from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Monday, October 30th. BMO Capital Markets set a $9.00 price target on shares of Southwestern Energy and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Cowen set a $8.00 price target on shares of Southwestern Energy and gave the stock a “buy” rating in a research report on Thursday, January 18th. Mizuho cut shares of Southwestern Energy from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 21st. Finally, Goldman Sachs Group cut shares of Southwestern Energy from a “neutral” rating to a “sell” rating in a research report on Thursday, February 1st. Eight investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $8.58.

COPYRIGHT VIOLATION WARNING: This news story was posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The correct version of this news story can be read at https://www.com-unik.info/2018/02/08/blue-sky-asset-management-llc-lowers-stake-in-southwestern-energy-swn.html.

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.

Want to see what other hedge funds are holding SWN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southwestern Energy (NYSE:SWN).

Institutional Ownership by Quarter for Southwestern Energy (NYSE:SWN)

Receive News & Ratings for Southwestern Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwestern Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit