State Board of Administration of Florida Retirement System grew its position in shares of Southwestern Energy (NYSE:SWN) by 25.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 368,372 shares of the energy company’s stock after acquiring an additional 73,621 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.06% of Southwestern Energy worth $1,882,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in Southwestern Energy by 34.5% during the 2nd quarter. BlackRock Inc. now owns 61,871,297 shares of the energy company’s stock valued at $327,918,000 after buying an additional 15,866,736 shares during the period. Dimensional Fund Advisors LP increased its stake in Southwestern Energy by 103.7% in the second quarter. Dimensional Fund Advisors LP now owns 14,598,144 shares of the energy company’s stock worth $77,371,000 after purchasing an additional 7,430,243 shares during the period. Northern Trust Corp increased its stake in Southwestern Energy by 98.8% in the second quarter. Northern Trust Corp now owns 8,793,237 shares of the energy company’s stock worth $46,606,000 after purchasing an additional 4,369,474 shares during the period. Stelliam Investment Management LP increased its stake in Southwestern Energy by 15.6% in the second quarter. Stelliam Investment Management LP now owns 29,450,000 shares of the energy company’s stock worth $156,085,000 after purchasing an additional 3,972,500 shares during the period. Finally, FMR LLC increased its stake in Southwestern Energy by 22.1% in the second quarter. FMR LLC now owns 15,484,858 shares of the energy company’s stock worth $82,070,000 after purchasing an additional 2,798,500 shares during the period. Hedge funds and other institutional investors own 98.04% of the company’s stock.

In related news, SVP Jennifer N. Mccauley sold 10,850 shares of the firm’s stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $5.88, for a total transaction of $63,798.00. Following the sale, the senior vice president now owns 30,799 shares of the company’s stock, valued at $181,098.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.70% of the stock is owned by company insiders.

SWN has been the topic of a number of recent analyst reports. ValuEngine upgraded Southwestern Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 28th. Scotiabank set a $7.00 price target on Southwestern Energy and gave the company a “hold” rating in a research note on Monday, August 6th. BMO Capital Markets set a $7.00 price target on Southwestern Energy and gave the company a “buy” rating in a research note on Sunday, August 12th. Citigroup raised their price target on Southwestern Energy from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Monday, August 13th. Finally, Johnson Rice lowered Southwestern Energy from a “buy” rating to an “accumulate” rating in a research note on Wednesday, August 15th. Seven equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $5.78.

Shares of SWN stock opened at $5.40 on Tuesday. Southwestern Energy has a 1-year low of $3.42 and a 1-year high of $6.63. The stock has a market cap of $3.13 billion, a P/E ratio of 6.49 and a beta of 0.65. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.69 and a current ratio of 0.69.

Southwestern Energy (NYSE:SWN) last issued its quarterly earnings data on Thursday, October 25th. The energy company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. Southwestern Energy had a return on equity of 22.07% and a net margin of 14.22%. The company had revenue of $951.00 million for the quarter, compared to the consensus estimate of $889.13 million. On average, equities analysts anticipate that Southwestern Energy will post 0.97 earnings per share for the current fiscal year.

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About Southwestern Energy

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 Marcellus Shale, an unconventional natural gas reservoir covering approximately 191,226 net acres in Northeast Appalachia; Marcellus Shale, Utica, and Upper Devonian unconventional natural gas and oil reservoirs covering approximately 290,291 net acres in Southwest Appalachia; and the Fayetteville Shale, an unconventional natural gas reservoir covering approximately 917,842 net acres in Arkansas.

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Institutional Ownership by Quarter for Southwestern Energy (NYSE:SWN)

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