Hartford Investment Management Co. increased its holdings in shares of Southwestern Energy Company (NYSE:SWN) by 53.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,200 shares of the energy company’s stock after purchasing an additional 11,500 shares during the quarter. Hartford Investment Management Co.’s holdings in Southwestern Energy were worth $203,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Precocity Capital LP increased its position in Southwestern Energy by 21.7% during the 3rd quarter. Precocity Capital LP now owns 1,825,000 shares of the energy company’s stock worth $11,151,000 after purchasing an additional 325,000 shares in the last quarter. DFT Energy LP grew its position in Southwestern Energy by 8.0% in the third quarter. DFT Energy LP now owns 1,350,000 shares of the energy company’s stock valued at $8,289,000 after acquiring an additional 100,000 shares in the last quarter. Tiedemann Wealth Management LLC grew its position in Southwestern Energy by 68.0% in the third quarter. Tiedemann Wealth Management LLC now owns 77,723 shares of the energy company’s stock valued at $174,000 after acquiring an additional 31,462 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in Southwestern Energy by 13.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 3,433,979 shares of the energy company’s stock valued at $20,982,000 after acquiring an additional 395,565 shares in the last quarter. Finally, Commonwealth Bank of Australia acquired a new stake in Southwestern Energy in the third quarter valued at approximately $204,000. 88.71% of the stock is owned by hedge funds and other institutional investors.
Southwestern Energy Company (NYSE:SWN) traded down $0.12 during mid-day trading on Wednesday, hitting $6.09. 18,998,500 shares of the stock were exchanged, compared to its average volume of 17,483,795. Southwestern Energy Company has a twelve month low of $4.90 and a twelve month high of $12.85. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a market capitalization of $3,050.00, a P/E ratio of 15.52 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Southwestern Energy had a return on equity of 23.99% and a net margin of 16.31%. The company had revenue of $737.00 million for the quarter, compared to analyst estimates of $773.99 million. During the same period in the previous year, the business posted $0.03 EPS. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. research analysts forecast that Southwestern Energy Company will post 0.45 EPS for the current fiscal year.
Several brokerages have issued reports on SWN. Piper Jaffray Companies lowered their price objective on shares of Southwestern Energy from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Monday, September 18th. Barclays increased their price objective on shares of Southwestern Energy from $5.00 to $6.00 and gave the company an “equal weight” rating in a research report on Monday, October 30th. BMO Capital Markets set a $9.00 price objective on shares of Southwestern Energy and gave the company a “buy” rating in a research report on Tuesday, November 14th. KeyCorp reaffirmed a “hold” rating on shares of Southwestern Energy in a research report on Sunday, September 3rd. Finally, Royal Bank Of Canada set a $8.00 price objective on shares of Southwestern Energy and gave the company a “hold” rating in a research report on Tuesday, August 8th. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company’s stock. Southwestern Energy presently has a consensus rating of “Hold” and a consensus target price of $11.00.
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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