Southwestern Energy Company (NYSE:SWN) Shares Sold by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC decreased its stake in shares of Southwestern Energy Company (NYSE:SWN) by 11.5% during the second quarter, Holdings Channel reports. The institutional investor owned 112,159 shares of the energy company’s stock after selling 14,600 shares during the period. Nisa Investment Advisors LLC’s holdings in Southwestern Energy were worth $681,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the stock. Retirement Systems of Alabama increased its stake in Southwestern Energy by 3.5% in the first quarter. Retirement Systems of Alabama now owns 240,706 shares of the energy company’s stock valued at $1,967,000 after buying an additional 8,084 shares in the last quarter. Granite Investment Advisors LLC increased its position in shares of Southwestern Energy by 15.3% in the first quarter. Granite Investment Advisors LLC now owns 707,830 shares of the energy company’s stock worth $5,783,000 after buying an additional 93,856 shares during the period. DnB Asset Management AS increased its position in shares of Southwestern Energy by 25.2% in the first quarter. DnB Asset Management AS now owns 48,627 shares of the energy company’s stock worth $397,000 after buying an additional 9,800 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of Southwestern Energy during the first quarter worth approximately $233,000. Finally, Gulf International Bank UK Ltd increased its position in shares of Southwestern Energy by 2.2% in the first quarter. Gulf International Bank UK Ltd now owns 147,639 shares of the energy company’s stock worth $1,206,000 after buying an additional 3,150 shares during the period. 93.62% of the stock is owned by hedge funds and other institutional investors.
Shares of Southwestern Energy Company (SWN) traded up 3.46% during midday trading on Tuesday, hitting $5.38. 5,320,738 shares of the stock were exchanged. The stock has a 50 day moving average price of $5.90 and a 200-day moving average price of $7.33. Southwestern Energy Company has a 12 month low of $5.11 and a 12 month high of $15.59. The company’s market cap is $2.66 billion.
Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.08. Southwestern Energy had a positive return on equity of 25.19% and a negative net margin of 9.46%. The company had revenue of $811 million for the quarter, compared to analyst estimates of $810 million. During the same quarter in the prior year, the business earned ($0.09) earnings per share. Southwestern Energy’s revenue was up 55.4% compared to the same quarter last year. On average, analysts predict that Southwestern Energy Company will post $0.60 EPS for the current year.
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SWN has been the subject of a number of recent research reports. Scotiabank set a $9.00 price objective on shares of Southwestern Energy and gave the stock a “hold” rating in a research note on Saturday, July 1st. BidaskClub raised shares of Southwestern Energy from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 3rd. Barclays PLC reissued an “equal weight” rating and issued a $9.00 price objective (down previously from $10.00) on shares of Southwestern Energy in a research note on Saturday, April 22nd. Zacks Investment Research downgraded shares of Southwestern Energy from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Iberia Capital boosted their price objective on shares of Southwestern Energy from $9.00 to $10.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 2nd. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. Southwestern Energy has a consensus rating of “Hold” and an average price target of $12.60.
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.
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