76,257 Shares in Southwestern Energy (NYSE:SWN) Bought by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund acquired a new position in shares of Southwestern Energy (NYSE:SWNGet Rating) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 76,257 shares of the energy company’s stock, valued at approximately $467,000.

Several other institutional investors also recently bought and sold shares of SWN. Renaissance Technologies LLC raised its holdings in Southwestern Energy by 3,154.9% during the second quarter. Renaissance Technologies LLC now owns 33,712,025 shares of the energy company’s stock valued at $210,700,000 after buying an additional 32,676,300 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Southwestern Energy during the second quarter valued at about $92,102,000. Millennium Management LLC raised its holdings in Southwestern Energy by 29,126.9% during the second quarter. Millennium Management LLC now owns 10,866,544 shares of the energy company’s stock valued at $67,916,000 after buying an additional 10,829,364 shares in the last quarter. Invesco Ltd. raised its holdings in Southwestern Energy by 269.1% during the first quarter. Invesco Ltd. now owns 13,958,070 shares of the energy company’s stock valued at $100,079,000 after buying an additional 10,175,992 shares in the last quarter. Finally, State Street Corp raised its holdings in Southwestern Energy by 21.5% during the first quarter. State Street Corp now owns 55,933,972 shares of the energy company’s stock valued at $401,047,000 after buying an additional 9,882,224 shares in the last quarter. 82.26% of the stock is currently owned by institutional investors.

Southwestern Energy Stock Performance

Shares of SWN stock opened at $5.67 on Wednesday. The firm has a market cap of $6.32 billion, a price-to-earnings ratio of 4.17 and a beta of 1.27. The company has a debt-to-equity ratio of 3.43, a quick ratio of 0.37 and a current ratio of 0.37. Southwestern Energy has a 52 week low of $3.93 and a 52 week high of $9.87. The firm’s 50-day simple moving average is $6.17 and its two-hundred day simple moving average is $6.66.

Southwestern Energy (NYSE:SWNGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The energy company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.30 by $0.02. The business had revenue of $4.54 billion for the quarter, compared to analyst estimates of $2.52 billion. Southwestern Energy had a net margin of 8.98% and a return on equity of 122.25%. The company’s revenue for the quarter was up 184.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 earnings per share. As a group, equities analysts forecast that Southwestern Energy will post 1.32 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Mizuho lowered shares of Southwestern Energy from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $11.00 to $9.00 in a report on Tuesday, January 10th. Benchmark lowered shares of Southwestern Energy from a “buy” rating to a “hold” rating in a research note on Monday. Truist Financial raised shares of Southwestern Energy from a “hold” rating to a “buy” rating and boosted their price target for the stock from $7.00 to $11.00 in a research report on Monday, October 3rd. The Goldman Sachs Group dropped their target price on shares of Southwestern Energy from $8.50 to $7.50 and set a “neutral” rating on the stock in a report on Thursday, December 29th. Finally, Citigroup cut shares of Southwestern Energy from a “buy” rating to a “neutral” rating and lowered their price target for the company from $10.00 to $6.50 in a report on Wednesday, December 7th. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $9.97.

About Southwestern Energy

(Get Rating)

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs) in the United States. It operates through two segments, Exploration and Production, and Marketing. The company focuses on the development of unconventional natural gas and oil reservoirs located in Pennsylvania, West Virginia, Ohio, and Louisiana.

Further Reading

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Institutional Ownership by Quarter for Southwestern Energy (NYSE:SWN)

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