Stephens Inc. AR Acquires 3,123 Shares of Southwestern Energy Company (SWN)
Stephens Inc. AR grew its holdings in shares of Southwestern Energy Company (NYSE:SWN) by 7.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 44,014 shares of the energy company’s stock after purchasing an additional 3,123 shares during the period. Stephens Inc. AR’s holdings in Southwestern Energy were worth $268,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in SWN. BlackRock Inc. lifted its holdings in shares of Southwestern Energy by 2,582.8% during the first quarter. BlackRock Inc. now owns 31,270,589 shares of the energy company’s stock valued at $255,479,000 after purchasing an additional 30,105,011 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Southwestern Energy by 939.0% during the first quarter. Point72 Asset Management L.P. now owns 9,696,227 shares of the energy company’s stock valued at $79,218,000 after purchasing an additional 8,762,957 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Southwestern Energy by 12.1% during the first quarter. Vanguard Group Inc. now owns 59,247,162 shares of the energy company’s stock valued at $484,049,000 after purchasing an additional 6,388,987 shares during the last quarter. FMR LLC lifted its holdings in shares of Southwestern Energy by 36.5% during the first quarter. FMR LLC now owns 22,332,221 shares of the energy company’s stock valued at $182,454,000 after purchasing an additional 5,969,258 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its holdings in shares of Southwestern Energy by 1,111.1% during the second quarter. State of New Jersey Common Pension Fund D now owns 3,270,000 shares of the energy company’s stock valued at $19,882,000 after purchasing an additional 3,000,000 shares during the last quarter. Hedge funds and other institutional investors own 89.50% of the company’s stock.
Shares of Southwestern Energy Company (NYSE SWN) opened at 6.02 on Friday. The company’s market cap is $3.00 billion. Southwestern Energy Company has a 12 month low of $5.00 and a 12 month high of $14.98. 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 earnings per share (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 business had revenue of $811.00 million for the quarter, compared to analysts’ expectations of $810.00 million. During the same period last year, the business earned ($0.09) EPS. The company’s revenue for the quarter was up 55.4% on a year-over-year basis. On average, equities analysts forecast that Southwestern Energy Company will post $0.54 EPS for the current year.
SWN has been the subject of several recent research reports. Cowen and Company set a $9.00 target price on shares of Southwestern Energy and gave the company a “buy” rating in a report on Wednesday, July 19th. BMO Capital Markets restated a “buy” rating and issued a $8.00 price objective on shares of Southwestern Energy in a report on Tuesday, June 27th. Citigroup Inc. decreased their price objective on shares of Southwestern Energy from $9.00 to $8.00 and set a “buy” rating for the company in a report on Friday, July 21st. Stifel Nicolaus restated a “buy” rating on shares of Southwestern Energy in a report on Thursday, September 14th. Finally, Scotiabank set a $8.00 price objective on shares of Southwestern Energy and gave the stock a “hold” rating in a report on Monday, August 7th. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have given a buy rating to the stock. Southwestern Energy has a consensus rating of “Hold” and an average target price of $12.00.
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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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