Raymond James & Associates Has $978,000 Stake in Southwestern Energy (SWN)

Raymond James & Associates cut its position in Southwestern Energy (NYSE:SWN) by 49.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 184,473 shares of the energy company’s stock after selling 178,948 shares during the quarter. Raymond James & Associates’ holdings in Southwestern Energy were worth $978,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC boosted its stake in shares of Southwestern Energy by 9.7% in the second quarter. SG Americas Securities LLC now owns 123,650 shares of the energy company’s stock valued at $655,000 after purchasing an additional 10,929 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Southwestern Energy by 17.1% in the second quarter. PNC Financial Services Group Inc. now owns 83,167 shares of the energy company’s stock valued at $440,000 after purchasing an additional 12,125 shares during the period. BB&T Corp boosted its stake in shares of Southwestern Energy by 68.4% in the second quarter. BB&T Corp now owns 33,680 shares of the energy company’s stock valued at $178,000 after purchasing an additional 13,682 shares during the period. Amalgamated Bank boosted its stake in shares of Southwestern Energy by 14.0% in the first quarter. Amalgamated Bank now owns 112,045 shares of the energy company’s stock valued at $485,000 after purchasing an additional 13,728 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Southwestern Energy by 24.0% in the second quarter. Janney Montgomery Scott LLC now owns 72,795 shares of the energy company’s stock valued at $386,000 after purchasing an additional 14,091 shares during the period. Institutional investors and hedge funds own 90.84% of the company’s stock.

Several research analysts have recently weighed in on SWN shares. Morgan Stanley downgraded shares of Southwestern Energy to a “sell” rating and set a $3.00 target price for the company. in a research note on Wednesday, September 26th. B. Riley upped their price target on shares of Southwestern Energy from $7.85 to $10.00 and gave the company a “buy” rating in a report on Friday, June 22nd. BMO Capital Markets set a $7.00 price target on shares of Southwestern Energy and gave the company a “buy” rating in a report on Sunday, August 12th. Zacks Investment Research raised shares of Southwestern Energy from a “hold” rating to a “buy” rating and set a $5.75 price target on the stock in a report on Tuesday, July 17th. Finally, Scotiabank set a $7.00 price target on shares of Southwestern Energy and gave the company a “hold” rating in a report on Monday, August 6th. Seven research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the stock. Southwestern Energy has a consensus rating of “Hold” and an average price target of $5.72.

SWN opened at $5.56 on Friday. The firm has a market capitalization of $3.22 billion, a P/E ratio of 12.73 and a beta of 0.87. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.66 and a current ratio of 0.66. Southwestern Energy has a 12-month low of $3.42 and a 12-month high of $6.72.

Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, August 2nd. The energy company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.02. The company had revenue of $816.00 million for the quarter, compared to analysts’ expectations of $809.41 million. Southwestern Energy had a net margin of 18.37% and a return on equity of 17.78%. The firm’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.08 earnings per share. As a group, equities research analysts anticipate that Southwestern Energy will post 0.89 EPS for the current fiscal year.

Southwestern Energy Profile

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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