Axa increased its position in Southwestern Energy (NYSE:SWN) by 74.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 780,000 shares of the energy company’s stock after buying an additional 333,900 shares during the quarter. Axa owned about 0.13% of Southwestern Energy worth $4,352,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in SWN. Dimensional Fund Advisors LP lifted its holdings in shares of Southwestern Energy by 2,243.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,435,577 shares of the energy company’s stock valued at $14,882,000 after buying an additional 2,331,644 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Southwestern Energy by 290.7% in the third quarter. Prudential Financial Inc. now owns 1,636,706 shares of the energy company’s stock valued at $10,000,000 after buying an additional 1,217,824 shares during the period. First Quadrant L P CA lifted its holdings in shares of Southwestern Energy by 46.8% in the fourth quarter. First Quadrant L P CA now owns 2,607,273 shares of the energy company’s stock valued at $14,549,000 after buying an additional 830,964 shares during the period. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of Southwestern Energy by 784.8% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 930,490 shares of the energy company’s stock valued at $5,684,000 after buying an additional 825,332 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Southwestern Energy by 10.0% in the fourth quarter. Bank of New York Mellon Corp now owns 6,678,572 shares of the energy company’s stock valued at $37,267,000 after buying an additional 604,783 shares during the period. Institutional investors and hedge funds own 80.63% of the company’s stock.
Several brokerages have recently weighed in on SWN. Zacks Investment Research upgraded Southwestern Energy from a “sell” rating to a “hold” rating in a report on Friday. Piper Jaffray Companies set a $6.00 price objective on Southwestern Energy and gave the company a “hold” rating in a report on Wednesday. UBS began coverage on Southwestern Energy in a report on Wednesday, March 7th. They issued a “sell” rating and a $4.00 price objective for the company. TheStreet upgraded Southwestern Energy from a “d” rating to a “c-” rating in a report on Thursday, March 1st. Finally, B. Riley restated a “buy” rating and issued a $7.85 price objective (up previously from $5.85) on shares of Southwestern Energy in a report on Friday, March 2nd. Eight equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $7.26.
Southwestern Energy (NYSE SWN) opened at $4.46 on Friday. The firm has a market capitalization of $2,600.69, a price-to-earnings ratio of 2.72 and a beta of 1.05. Southwestern Energy has a 52-week low of $3.42 and a 52-week high of $8.94. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 2.22.
Southwestern Energy (NYSE:SWN) last posted its quarterly earnings results on Thursday, March 1st. The energy company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. The firm had revenue of $809.00 million for the quarter, compared to analyst estimates of $802.77 million. Southwestern Energy had a return on equity of 21.54% and a net margin of 30.57%. Southwestern Energy’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.08 earnings per share. equities analysts predict that Southwestern Energy will post 0.76 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This story was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. & international trademark and copyright laws. The original version of this story can be viewed at https://www.dispatchtribunal.com/2018/03/17/southwestern-energy-swn-shares-bought-by-axa.html.
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.
Want to see what other hedge funds are holding SWN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southwestern Energy (NYSE:SWN).
Receive News & Ratings for Southwestern Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwestern Energy and related companies with MarketBeat.com's FREE daily email newsletter.