Prudential Financial Inc. boosted its position in shares of Southwestern Energy (NYSE:SWN) by 4.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,054,921 shares of the energy company’s stock after purchasing an additional 96,060 shares during the quarter. Prudential Financial Inc. owned about 0.38% of Southwestern Energy worth $6,493,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stevens Capital Management LP purchased a new position in Southwestern Energy during the 1st quarter worth $54,000. Cleararc Capital Inc. bought a new stake in Southwestern Energy during the 1st quarter valued at $65,000. Wetherby Asset Management Inc. bought a new stake in Southwestern Energy during the 2nd quarter valued at $45,000. Signaturefd LLC boosted its position in Southwestern Energy by 325.7% during the 2nd quarter. Signaturefd LLC now owns 16,593 shares of the energy company’s stock valued at $52,000 after acquiring an additional 12,695 shares in the last quarter. Finally, First Republic Investment Management Inc. boosted its position in Southwestern Energy by 18.1% during the 1st quarter. First Republic Investment Management Inc. now owns 19,277 shares of the energy company’s stock valued at $90,000 after acquiring an additional 2,950 shares in the last quarter. Institutional investors own 94.63% of the company’s stock.
NYSE SWN traded down $0.18 during midday trading on Thursday, hitting $2.14. 301,085 shares of the company traded hands, compared to its average volume of 18,128,129. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $1.19 billion, a PE ratio of 2.09, a price-to-earnings-growth ratio of 0.44 and a beta of 1.09. Southwestern Energy has a 52 week low of $1.56 and a 52 week high of $6.23. The company’s 50-day simple moving average is $1.90 and its 200-day simple moving average is $3.35.
Southwestern Energy (NYSE:SWN) last posted its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.01). The business had revenue of $667.00 million during the quarter, compared to analyst estimates of $851.21 million. Southwestern Energy had a return on equity of 19.16% and a net margin of 26.70%. The firm’s revenue for the quarter was down 18.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.18 EPS. On average, research analysts predict that Southwestern Energy will post 0.56 earnings per share for the current year.
Several analysts have issued reports on SWN shares. UBS Group raised Southwestern Energy from a “sell” rating to a “neutral” rating and dropped their target price for the company from $3.10 to $1.90 in a research report on Wednesday, August 14th. Credit Suisse Group cut Southwestern Energy from a “neutral” rating to an “underperform” rating and set a $2.83 target price on the stock. in a research report on Tuesday, July 9th. Evercore ISI set a $6.00 target price on Southwestern Energy and gave the company a “hold” rating in a research report on Wednesday, August 7th. Morgan Stanley set a $2.00 target price on Southwestern Energy and gave the company a “sell” rating in a research report on Monday, June 24th. Finally, Zacks Investment Research cut Southwestern Energy from a “hold” rating to a “sell” rating and set a $3.00 target price on the stock. in a research report on Monday, July 22nd. Six equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Southwestern Energy has a consensus rating of “Hold” and a consensus target price of $3.92.
In other Southwestern Energy news, insider William J. Way acquired 100,000 shares of the stock in a transaction dated Friday, August 9th. The stock was purchased at an average price of $1.91 per share, with a total value of $191,000.00. Following the transaction, the insider now directly owns 771,362 shares of the company’s stock, valued at $1,473,301.42. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Julian Mark Bott acquired 25,000 shares of the stock in a transaction dated Friday, August 9th. The stock was acquired at an average cost of $1.90 per share, with a total value of $47,500.00. Following the transaction, the chief financial officer now directly owns 25,000 shares in the company, valued at $47,500. The disclosure for this purchase can be found here. Insiders bought a total of 126,250 shares of company stock valued at $240,638 in the last three months. Insiders own 0.66% of the company’s stock.
Southwestern Energy Company 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 development of unconventional natural gas reservoirs located in Pennsylvania and West Virginia.
Featured Story: Risk Tolerance
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).
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.