WESPAC Advisors LLC Invests $556,000 in Southwestern Energy Co. (SWN)
WESPAC Advisors LLC bought a new position in shares of Southwestern Energy Co. (NYSE:SWN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 44,230 shares of the energy company’s stock, valued at approximately $556,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in Southwestern Energy during the fourth quarter worth about $51,387,000. Chevy Chase Trust Holdings Inc. increased its position in Southwestern Energy by 5.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 328,790 shares of the energy company’s stock worth $2,653,000 after buying an additional 18,214 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new position in Southwestern Energy during the first quarter worth about $1,327,000. Aperio Group LLC increased its position in Southwestern Energy by 19.8% in the first quarter. Aperio Group LLC now owns 302,522 shares of the energy company’s stock worth $2,441,000 after buying an additional 49,973 shares during the last quarter. Finally, Nisa Investment Advisors L.L.C. increased its position in Southwestern Energy by 78.8% in the first quarter. Nisa Investment Advisors L.L.C. now owns 129,354 shares of the energy company’s stock worth $1,044,000 after buying an additional 57,000 shares during the last quarter. Institutional investors own 98.78% of the company’s stock.
Shares of Southwestern Energy Co. (NYSE:SWN) traded up 3.02% on Wednesday, reaching $14.68. 11,585,994 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $14.09 and a 200 day moving average price of $12.26. Southwestern Energy Co. has a one year low of $5.00 and a one year high of $15.59. The firm’s market cap is $5.69 billion.
Southwestern Energy (NYSE:SWN) last posted its quarterly earnings data on Friday, July 22nd. The energy company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. Southwestern Energy had a negative net margin of 220.65% and a negative return on equity of 1.99%. The firm had revenue of $522 million for the quarter, compared to analyst estimates of $517.49 million. Analysts expect that Southwestern Energy Co. will post $0.05 EPS for the current fiscal year.
A number of research analysts recently issued reports on SWN shares. Vetr downgraded shares of Southwestern Energy from a “strong-buy” rating to a “buy” rating and set a $13.92 target price on the stock. in a research report on Wednesday, May 25th. KLR Group downgraded shares of Southwestern Energy from an “accumulate” rating to a “hold” rating and set a $13.00 price objective on the stock. in a report on Tuesday, June 7th. Bank of America Corp. restated a “hold” rating and set a $16.00 price objective on shares of Southwestern Energy in a report on Friday, June 10th. Credit Suisse Group AG restated a “neutral” rating and set a $9.00 price objective (up previously from $8.00) on shares of Southwestern Energy in a report on Tuesday, June 14th. Finally, Barclays PLC upped their price objective on shares of Southwestern Energy from $6.00 to $7.00 and gave the stock an “underweight” rating in a report on Tuesday, June 14th. Five equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $12.44.
About Southwestern Energy
Southwestern Energy Company is an independent 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 are focused on the development of unconventional natural gas reservoirs located in Pennsylvania, West Virginia and Arkansas.
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 Co. (NYSE:SWN).
Receive News & Ratings for Southwestern Energy Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwestern Energy Co. and related companies with MarketBeat.com's FREE daily email newsletter.