NGAM Advisors L.P. raised its stake in Southwestern Energy Company (NYSE:SWN) by 391.3% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 210,526 shares of the energy company’s stock after buying an additional 167,677 shares during the period. NGAM Advisors L.P.’s holdings in Southwestern Energy were worth $1,280,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Manhattan Co. boosted its position in Southwestern Energy by 29.3% in the first quarter. First Manhattan Co. now owns 8,904 shares of the energy company’s stock valued at $123,000 after buying an additional 2,020 shares during the last quarter. Sippican Capital Advisors boosted its position in Southwestern Energy by 54.5% in the first quarter. Sippican Capital Advisors now owns 59,600 shares of the energy company’s stock valued at $487,000 after buying an additional 21,022 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its position in Southwestern Energy by 55.2% in the first quarter. Candriam Luxembourg S.C.A. now owns 333,050 shares of the energy company’s stock valued at $2,721,000 after buying an additional 118,473 shares during the last quarter. Retirement Systems of Alabama boosted its position in Southwestern Energy by 3.5% in the first quarter. Retirement Systems of Alabama now owns 240,706 shares of the energy company’s stock valued at $1,967,000 after buying an additional 8,084 shares during the last quarter. Finally, Granite Investment Advisors LLC boosted its position in Southwestern Energy by 15.3% in the first quarter. Granite Investment Advisors LLC now owns 707,830 shares of the energy company’s stock valued at $5,783,000 after buying an additional 93,856 shares during the last quarter. 93.10% of the stock is owned by institutional investors.
Shares of Southwestern Energy Company (SWN) opened at 5.33 on Wednesday. The stock’s 50 day moving average price is $5.72 and its 200 day moving average price is $7.04. Southwestern Energy Company has a one year low of $5.00 and a one year high of $15.59. The stock’s market capitalization is $2.66 billion.
Southwestern Energy (NYSE:SWN) last announced its quarterly earnings data on Thursday, August 3rd. The energy company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.08. Southwestern Energy had a positive return on equity of 25.19% and a negative net margin of 9.46%. The company had revenue of $811 million for the quarter, compared to analyst estimates of $810 million. During the same period last year, the firm earned ($0.09) earnings per share. The firm’s revenue for the quarter was up 55.4% on a year-over-year basis. On average, analysts forecast that Southwestern Energy Company will post $0.55 EPS for the current year.
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Several research firms have recently issued reports on SWN. Iberia Capital increased their price target on Southwestern Energy from $9.00 to $10.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 2nd. National Securities reissued a “buy” rating and issued a $14.00 price target on shares of Southwestern Energy in a research note on Monday, May 1st. Barclays PLC reissued an “equal weight” rating and issued a $9.00 price target (down previously from $10.00) on shares of Southwestern Energy in a research note on Saturday, April 22nd. Cowen and Company raised Southwestern Energy from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $14.00 to $11.00 in a research note on Wednesday, April 19th. Finally, Royal Bank Of Canada set a $10.00 price target on Southwestern Energy and gave the stock a “hold” rating in a research note on Saturday, June 10th. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $12.55.
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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