California Public Employees Retirement System raised its stake in Southwestern Energy (NYSE:SWN) by 3.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,065,022 shares of the energy company’s stock after purchasing an additional 37,522 shares during the period. California Public Employees Retirement System owned about 0.21% of Southwestern Energy worth $6,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also added to or reduced their stakes in SWN. Zacks Investment Management acquired a new stake in Southwestern Energy during the 2nd quarter worth approximately $105,000. Cetera Investment Advisers acquired a new stake in shares of Southwestern Energy in the 2nd quarter valued at approximately $108,000. MML Investors Services LLC lifted its holdings in shares of Southwestern Energy by 5.3% in the 2nd quarter. MML Investors Services LLC now owns 17,941 shares of the energy company’s stock valued at $109,000 after buying an additional 900 shares during the period. Sciencast Management LP acquired a new stake in shares of Southwestern Energy in the 2nd quarter valued at approximately $126,000. Finally, Mariner Wealth Advisors LLC lifted its holdings in shares of Southwestern Energy by 2.6% in the 2nd quarter. Mariner Wealth Advisors LLC now owns 21,009 shares of the energy company’s stock valued at $128,000 after buying an additional 541 shares during the period. Institutional investors and hedge funds own 88.52% of the company’s stock.
Southwestern Energy (NYSE SWN) opened at $5.41 on Thursday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 2.66. Southwestern Energy has a one year low of $4.90 and a one year high of $10.45. The company has a market capitalization of $2,770.00, a PE ratio of 8.73 and a beta of 1.23.
Southwestern Energy (NYSE:SWN) last released its quarterly earnings results on Thursday, October 26th. The energy company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.01). The business had revenue of $737.00 million during the quarter, compared to analyst estimates of $773.99 million. Southwestern Energy had a return on equity of 23.99% and a net margin of 16.31%. The company’s revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.03 EPS. analysts forecast that Southwestern Energy will post 0.44 EPS for the current year.
Several analysts have recently commented on SWN shares. KeyCorp reissued a “hold” rating on shares of Southwestern Energy in a report on Friday, November 10th. Credit Suisse Group initiated coverage on Southwestern Energy in a report on Monday, December 11th. They set a “neutral” rating and a $6.00 price objective for the company. Scotiabank set a $8.00 price objective on Southwestern Energy and gave the stock a “hold” rating in a report on Saturday, October 21st. Barclays reduced their price objective on Southwestern Energy from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Wednesday, October 11th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Southwestern Energy in a report on Thursday, September 14th. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $8.95.
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Southwestern Energy Company Profile
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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