American International Group Inc. grew its holdings in Southwestern Energy (NYSE:SWN) by 12.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,572,491 shares of the energy company’s stock after purchasing an additional 170,269 shares during the quarter. American International Group Inc. owned about 0.27% of Southwestern Energy worth $8,035,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of SWN. BlackRock Inc. grew its position in shares of Southwestern Energy by 34.5% in the second quarter. BlackRock Inc. now owns 61,871,297 shares of the energy company’s stock valued at $327,918,000 after purchasing an additional 15,866,736 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Southwestern Energy by 103.7% in the second quarter. Dimensional Fund Advisors LP now owns 14,598,144 shares of the energy company’s stock valued at $77,371,000 after purchasing an additional 7,430,243 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Southwestern Energy by 98.8% in the second quarter. Northern Trust Corp now owns 8,793,237 shares of the energy company’s stock valued at $46,606,000 after buying an additional 4,369,474 shares during the period. Stelliam Investment Management LP lifted its stake in shares of Southwestern Energy by 15.6% in the second quarter. Stelliam Investment Management LP now owns 29,450,000 shares of the energy company’s stock valued at $156,085,000 after buying an additional 3,972,500 shares during the period. Finally, LSV Asset Management lifted its stake in shares of Southwestern Energy by 1,380.0% in the third quarter. LSV Asset Management now owns 3,603,800 shares of the energy company’s stock valued at $18,415,000 after buying an additional 3,360,300 shares during the period. 98.04% of the stock is currently owned by institutional investors.
Several research firms recently weighed in on SWN. Zacks Investment Research reiterated a “buy” rating and issued a $5.75 target price on shares of Southwestern Energy in a research note on Friday, November 16th. BMO Capital Markets set a $7.00 target price on shares of Southwestern Energy and gave the company a “buy” rating in a research note on Sunday, August 12th. Scotiabank set a $7.00 target price on shares of Southwestern Energy and gave the company a “hold” rating in a research note on Monday, August 6th. Macquarie increased their target price on shares of Southwestern Energy from $5.00 to $5.75 and gave the company a “neutral” rating in a research note on Thursday, September 6th. Finally, Johnson Rice cut shares of Southwestern Energy from a “buy” rating to an “accumulate” rating in a research note on Wednesday, August 15th. Seven analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $5.78.
Shares of SWN opened at $4.82 on Monday. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 10.95 and a beta of 0.65. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.69 and a quick ratio of 0.69. Southwestern Energy has a 12 month low of $3.42 and a 12 month high of $6.63.
Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, October 25th. The energy company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. The firm had revenue of $951.00 million during the quarter, compared to analysts’ expectations of $889.13 million. Southwestern Energy had a net margin of 14.22% and a return on equity of 22.07%. As a group, sell-side analysts anticipate that Southwestern Energy will post 0.95 earnings per share for the current fiscal year.
In other Southwestern Energy news, SVP Jennifer N. Mccauley sold 10,850 shares of the firm’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $5.88, for a total transaction of $63,798.00. Following the completion of the transaction, the senior vice president now owns 30,799 shares in the company, valued at $181,098.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.70% of the stock is owned by company insiders.
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Southwestern Energy Profile
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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