Metropolitan Life Insurance Co. NY trimmed its stake in Southwestern Energy (NYSE:SWN) by 69.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 146,576 shares of the energy company’s stock after selling 332,324 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Southwestern Energy were worth $818,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the stock. Nationwide Fund Advisors raised its stake in shares of Southwestern Energy by 0.8% in the 3rd quarter. Nationwide Fund Advisors now owns 1,332,653 shares of the energy company’s stock valued at $8,143,000 after acquiring an additional 11,162 shares in the last quarter. ING Groep NV raised its stake in shares of Southwestern Energy by 24.0% in the 4th quarter. ING Groep NV now owns 77,320 shares of the energy company’s stock valued at $431,000 after acquiring an additional 14,961 shares in the last quarter. Barings LLC raised its stake in shares of Southwestern Energy by 18.5% in the 4th quarter. Barings LLC now owns 111,692 shares of the energy company’s stock valued at $623,000 after acquiring an additional 17,469 shares in the last quarter. American International Group Inc. raised its stake in shares of Southwestern Energy by 1.7% in the 4th quarter. American International Group Inc. now owns 1,074,702 shares of the energy company’s stock valued at $5,997,000 after acquiring an additional 18,442 shares in the last quarter. Finally, NuWave Investment Management LLC bought a new position in shares of Southwestern Energy in the 4th quarter valued at approximately $117,000. 80.67% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on the company. Zacks Investment Research raised Southwestern Energy from a “sell” rating to a “hold” rating in a research note on Thursday. Piper Jaffray set a $6.00 price target on Southwestern Energy and gave the stock a “hold” rating in a research report on Wednesday, March 14th. Jefferies Group reaffirmed a “hold” rating and issued a $5.00 price target on shares of Southwestern Energy in a research report on Monday, March 19th. Mitsubishi UFJ Financial Group reaffirmed a “neutral” rating on shares of Southwestern Energy in a research report on Monday, February 12th. Finally, UBS began coverage on Southwestern Energy in a research report on Wednesday, March 7th. They issued a “sell” rating and a $4.00 price target on the stock. Eight equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. Southwestern Energy has an average rating of “Hold” and a consensus price target of $6.76.
Shares of NYSE:SWN opened at $4.26 on Friday. Southwestern Energy has a 1-year low of $3.42 and a 1-year high of $8.55. The company has a market cap of $2,518.50, a PE ratio of 9.68 and a beta of 0.79. 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 announced its quarterly earnings data on Thursday, March 1st. The energy company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.03. Southwestern Energy had a return on equity of 21.54% and a net margin of 30.57%. The company had revenue of $809.00 million for the quarter, compared to analyst estimates of $802.77 million. During the same quarter last year, the firm earned $0.08 EPS. Southwestern Energy’s revenue for the quarter was up 18.3% compared to the same quarter last year. research analysts expect that Southwestern Energy will post 0.73 EPS for the current year.
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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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