Southwestern Energy Company (SWN) Stake Decreased by Swiss National Bank
Swiss National Bank lessened its position in shares of Southwestern Energy Company (NYSE:SWN) by 52.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 829,500 shares of the energy company’s stock after selling 926,047 shares during the period. Swiss National Bank owned approximately 0.17% of Southwestern Energy worth $5,043,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Southwestern Energy by 12.1% during the 1st quarter. Vanguard Group Inc. now owns 59,247,162 shares of the energy company’s stock worth $484,049,000 after acquiring an additional 6,388,987 shares during the period. State Street Corp lifted its holdings in shares of Southwestern Energy by 9.0% during the 1st quarter. State Street Corp now owns 32,085,452 shares of the energy company’s stock worth $262,131,000 after acquiring an additional 2,647,336 shares during the period. BlackRock Inc. lifted its holdings in shares of Southwestern Energy by 2,582.8% during the 1st quarter. BlackRock Inc. now owns 31,270,589 shares of the energy company’s stock worth $255,479,000 after acquiring an additional 30,105,011 shares during the period. FMR LLC lifted its holdings in shares of Southwestern Energy by 36.5% during the 1st quarter. FMR LLC now owns 22,332,221 shares of the energy company’s stock worth $182,454,000 after acquiring an additional 5,969,258 shares during the period. Finally, Primecap Management Co. CA lifted its holdings in shares of Southwestern Energy by 36.6% during the 1st quarter. Primecap Management Co. CA now owns 9,774,475 shares of the energy company’s stock worth $79,857,000 after acquiring an additional 2,619,600 shares during the period. 89.50% of the stock is owned by institutional investors.
A number of brokerages have recently weighed in on SWN. Wolfe Research raised shares of Southwestern Energy from an “underperform” rating to a “market perform” rating and upped their price target for the stock from $6.00 to $7.00 in a report on Wednesday. Piper Jaffray Companies cut their price target on shares of Southwestern Energy from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Monday. Stifel Nicolaus reaffirmed a “buy” rating on shares of Southwestern Energy in a report on Thursday, September 14th. Cowen and Company reaffirmed a “buy” rating and set a $9.00 price target on shares of Southwestern Energy in a report on Tuesday, September 12th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Southwestern Energy in a report on Sunday, September 3rd. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $12.00.
Shares of Southwestern Energy Company (NYSE SWN) opened at 6.05 on Thursday. Southwestern Energy Company has a 52-week low of $5.00 and a 52-week high of $14.98. The firm’s market capitalization is $3.01 billion. The stock’s 50 day moving average is $5.44 and its 200 day moving average is $6.50.
Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, August 3rd. The energy company reported $0.08 EPS for the quarter, missing the 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 firm had revenue of $811.00 million during the quarter, compared to analysts’ expectations of $810.00 million. During the same period in the previous year, the firm earned ($0.09) earnings per share. The firm’s quarterly revenue was up 55.4% compared to the same quarter last year. On average, equities research analysts forecast that Southwestern Energy Company will post $0.54 EPS for the current year.
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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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