SG Americas Securities LLC trimmed its holdings in shares of Southwestern Energy (NYSE:SWN) by 79.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 129,093 shares of the energy company’s stock after selling 505,717 shares during the quarter. SG Americas Securities LLC’s holdings in Southwestern Energy were worth $440,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Peoples Financial Services CORP. lifted its position in shares of Southwestern Energy by 21.7% during the fourth quarter. Peoples Financial Services CORP. now owns 14,600 shares of the energy company’s stock worth $50,000 after purchasing an additional 2,600 shares during the last quarter. B. Riley Wealth Management Inc. purchased a new position in shares of Southwestern Energy during the third quarter valued at $88,000. FDx Advisors Inc. purchased a new position in shares of Southwestern Energy during the third quarter valued at $107,000. Meeder Asset Management Inc. increased its stake in shares of Southwestern Energy by 31.2% during the fourth quarter. Meeder Asset Management Inc. now owns 38,837 shares of the energy company’s stock valued at $133,000 after buying an additional 9,240 shares during the period. Finally, D.A. Davidson & CO. increased its stake in shares of Southwestern Energy by 71.2% during the third quarter. D.A. Davidson & CO. now owns 27,691 shares of the energy company’s stock valued at $142,000 after buying an additional 11,513 shares during the period. Institutional investors and hedge funds own 95.55% of the company’s stock.
SWN opened at $4.23 on Friday. Southwestern Energy has a 1 year low of $3.23 and a 1 year high of $6.23. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.69 and a current ratio of 0.69. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 9.61 and a beta of 1.30.
Several brokerages have recently commented on SWN. Zacks Investment Research upgraded Southwestern Energy from a “hold” rating to a “buy” rating and set a $4.50 price target on the stock in a research note on Tuesday, February 12th. Mitsubishi UFJ Financial Group cut their price target on Southwestern Energy to $5.00 and set a “neutral” rating on the stock in a research note on Friday, February 8th. MKM Partners restated a “neutral” rating and set a $4.00 price target on shares of Southwestern Energy in a research note on Wednesday, January 16th. Morgan Stanley set a $4.00 price target on Southwestern Energy and gave the company a “sell” rating in a research note on Tuesday, January 29th. Finally, B. Riley set a $7.00 price target on Southwestern Energy and gave the company a “buy” rating in a research note on Friday, January 18th. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $5.52.
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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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