Southwestern Energy Company (SWN) Shares Bought by Arizona State Retirement System

Arizona State Retirement System boosted its position in shares of Southwestern Energy Company (NYSE:SWN) by 1.6% during the first quarter, Holdings Channel reports. The fund owned 123,315 shares of the energy company’s stock after buying an additional 2,000 shares during the period. Arizona State Retirement System’s holdings in Southwestern Energy Company were worth $1,007,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. First Manhattan Co. raised its position in Southwestern Energy Company by 29.3% in the first quarter. First Manhattan Co. now owns 8,904 shares of the energy company’s stock worth $123,000 after buying an additional 2,020 shares during the last quarter. Macquarie Group Ltd. raised its position in Southwestern Energy Company by 25.3% in the fourth quarter. Macquarie Group Ltd. now owns 9,900 shares of the energy company’s stock worth $107,000 after buying an additional 2,000 shares during the last quarter. Pinnacle Associates Ltd. purchased a new position in Southwestern Energy Company during the first quarter worth $103,000. Ellington Management Group LLC purchased a new position in Southwestern Energy Company during the fourth quarter worth $145,000. Finally, Seven Eight Capital LP purchased a new position in Southwestern Energy Company during the fourth quarter worth $148,000. 93.69% of the stock is currently owned by institutional investors.

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

Southwestern Energy Company (NYSE SWN) opened at 5.7956 on Tuesday. The company’s 50-day moving average is $6.68 and its 200 day moving average is $8.42. The stock’s market cap is $2.87 billion. Southwestern Energy Company has a 52 week low of $5.58 and a 52 week high of $15.59.

Southwestern Energy Company (NYSE:SWN) last released its earnings results on Thursday, April 27th. The energy company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. Southwestern Energy Company had a negative net margin of 43.91% and a positive return on equity of 17.89%. The company had revenue of $846 million for the quarter, compared to analysts’ expectations of $765.03 million. During the same quarter last year, the business earned ($0.08) EPS. The firm’s revenue was up 46.1% compared to the same quarter last year. On average, analysts expect that Southwestern Energy Company will post $0.68 earnings per share for the current fiscal year.

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A number of research analysts recently weighed in on the stock. Mitsubishi UFJ Financial Group set a $10.00 price target on shares of Southwestern Energy Company and gave the company a “hold” rating in a research report on Saturday, March 18th. Raymond James Financial, Inc. reaffirmed a “hold” rating on shares of Southwestern Energy Company in a research report on Saturday, February 25th. Royal Bank Of Canada set a $10.00 price objective on shares of Southwestern Energy Company and gave the stock a “hold” rating in a research report on Saturday, June 10th. KLR Group reaffirmed a “buy” rating and issued a $15.00 price objective (up previously from $13.00) on shares of Southwestern Energy Company in a research report on Monday, February 27th. Finally, Scotiabank set a $11.00 price objective on shares of Southwestern Energy Company and gave the stock a “hold” rating in a research report on Monday, February 27th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Southwestern Energy Company has an average rating of “Hold” and an average price target of $13.94.

Southwestern Energy Company Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “SWN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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