Voya Investment Management LLC reduced its stake in shares of Southwestern Energy (NYSE:SWN) by 37.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,276,301 shares of the energy company’s stock after selling 751,925 shares during the period. Voya Investment Management LLC’s holdings in Southwestern Energy were worth $6,764,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Strs Ohio boosted its holdings in shares of Southwestern Energy by 142.0% during the 2nd quarter. Strs Ohio now owns 1,258,200 shares of the energy company’s stock worth $6,668,000 after purchasing an additional 738,200 shares during the last quarter. Price Capital Management Inc. acquired a new position in shares of Southwestern Energy during the 2nd quarter worth approximately $714,000. Convergence Investment Partners LLC boosted its holdings in shares of Southwestern Energy by 10,190.1% during the 2nd quarter. Convergence Investment Partners LLC now owns 211,255 shares of the energy company’s stock worth $1,120,000 after purchasing an additional 209,202 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Southwestern Energy by 24.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 72,795 shares of the energy company’s stock worth $386,000 after purchasing an additional 14,091 shares during the last quarter. Finally, Towle & Co. boosted its holdings in shares of Southwestern Energy by 9.3% during the 2nd quarter. Towle & Co. now owns 7,297,104 shares of the energy company’s stock worth $38,675,000 after purchasing an additional 621,410 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.
Several research analysts have recently weighed in on SWN shares. Scotiabank set a $7.00 target price on Southwestern Energy and gave the stock a “hold” rating in a report on Monday, August 6th. Johnson Rice cut Southwestern Energy from a “buy” rating to an “accumulate” rating in a report on Wednesday, August 15th. ValuEngine lowered shares of Southwestern Energy from a “sell” rating to a “strong sell” rating in a research report on Monday, June 11th. Morgan Stanley lifted their price target on shares of Southwestern Energy from $4.50 to $5.00 and gave the company an “underweight” rating in a research report on Thursday, August 16th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $4.30 price target on shares of Southwestern Energy in a research report on Friday, June 1st. Seven equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company’s stock. Southwestern Energy has an average rating of “Hold” and a consensus target price of $5.90.
SWN stock opened at $5.73 on Tuesday. The company has a market cap of $3.37 billion, a PE ratio of 13.02 and a beta of 0.84. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.66 and a current ratio of 0.66. Southwestern Energy has a one year low of $3.42 and a one year high of $6.72.
Southwestern Energy (NYSE:SWN) last announced its earnings results on Thursday, August 2nd. The energy company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. The company had revenue of $816.00 million for the quarter, compared to analyst estimates of $809.41 million. Southwestern Energy had a return on equity of 17.78% and a net margin of 18.37%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.08 earnings per share. analysts forecast that Southwestern Energy will post 0.9 earnings per share for the current year.
About Southwestern Energy
Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil in the United States. It operates through two segments, Exploration and Production, and Midstream. The company focuses on the Marcellus Shale, an unconventional natural gas reservoir covering approximately 191,226 net acres in Northeast Appalachia; Marcellus Shale, Utica, and Upper Devonian unconventional natural gas and oil reservoirs covering approximately 290,291 net acres in Southwest Appalachia; and the Fayetteville Shale, an unconventional natural gas reservoir covering approximately 917,842 net acres in Arkansas.
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