Veritable L.P. Acquires 5,569 Shares of Southwestern Energy (NYSE:SWN)

Veritable L.P. raised its holdings in shares of Southwestern Energy (NYSE:SWN) by 50.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 16,593 shares of the energy company’s stock after buying an additional 5,569 shares during the quarter. Veritable L.P.’s holdings in Southwestern Energy were worth $100,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SWN. Raymond James & Associates raised its stake in shares of Southwestern Energy by 14.9% in the first quarter. Raymond James & Associates now owns 156,725 shares of the energy company’s stock valued at $1,124,000 after acquiring an additional 20,272 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Southwestern Energy by 133.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 139,901 shares of the energy company’s stock worth $1,003,000 after buying an additional 80,088 shares during the period. American Century Companies Inc. increased its stake in Southwestern Energy by 47.5% in the 1st quarter. American Century Companies Inc. now owns 236,458 shares of the energy company’s stock worth $1,695,000 after buying an additional 76,127 shares during the period. HighTower Advisors LLC increased its stake in Southwestern Energy by 184.8% in the 1st quarter. HighTower Advisors LLC now owns 78,456 shares of the energy company’s stock worth $565,000 after buying an additional 50,904 shares during the period. Finally, Cetera Advisor Networks LLC increased its stake in Southwestern Energy by 9.5% in the 1st quarter. Cetera Advisor Networks LLC now owns 46,886 shares of the energy company’s stock worth $336,000 after buying an additional 4,051 shares during the period. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Analysts Set New Price Targets

SWN has been the topic of several recent analyst reports. Stifel Nicolaus raised their price target on shares of Southwestern Energy from $7.50 to $8.00 and gave the stock a “buy” rating in a research note on Friday, August 11th. UBS Group raised their price target on shares of Southwestern Energy from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Thursday, August 17th. Wolfe Research raised shares of Southwestern Energy from an “underperform” rating to an “outperform” rating and set a $8.00 price target on the stock in a research note on Friday, November 10th. Bank of America increased their target price on shares of Southwestern Energy from $14.00 to $15.00 in a report on Wednesday, September 27th. Finally, StockNews.com assumed coverage on shares of Southwestern Energy in a report on Thursday, October 5th. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $7.77.

Southwestern Energy Stock Up 0.4 %

SWN stock opened at $6.76 on Tuesday. The firm has a 50 day moving average of $6.70 and a 200 day moving average of $6.16. The stock has a market capitalization of $7.44 billion, a PE ratio of 1.46 and a beta of 1.39. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. Southwestern Energy has a 52 week low of $4.57 and a 52 week high of $7.69.

About Southwestern Energy

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs) in the United States. It operates through two segments, Exploration and Production, and Marketing. The company focuses on the development of unconventional natural gas and oil reservoirs located in Pennsylvania, West Virginia, Ohio, and Louisiana.