Canada Pension Plan Investment Board boosted its position in Southwestern Energy Company (NYSE:SWN) by 45.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 819,710 shares of the energy company’s stock after purchasing an additional 257,332 shares during the period. Canada Pension Plan Investment Board owned about 0.16% of Southwestern Energy worth $5,008,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. increased its stake in Southwestern Energy by 2.4% in the 2nd quarter. Whittier Trust Co. now owns 71,533 shares of the energy company’s stock valued at $435,000 after purchasing an additional 1,701 shares in the last quarter. Shell Asset Management Co. purchased a new position in Southwestern Energy in the 3rd quarter valued at approximately $1,880,000. Airain ltd increased its stake in Southwestern Energy by 4.6% in the 2nd quarter. Airain ltd now owns 423,311 shares of the energy company’s stock valued at $2,574,000 after purchasing an additional 18,730 shares in the last quarter. Brookfield Asset Management Inc. purchased a new position in Southwestern Energy in the 2nd quarter valued at approximately $3,040,000. Finally, Bank of New York Mellon Corp increased its stake in Southwestern Energy by 27.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,769,507 shares of the energy company’s stock valued at $35,078,000 after purchasing an additional 1,231,562 shares in the last quarter. 89.48% of the stock is owned by hedge funds and other institutional investors.
SWN has been the subject of several research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating on shares of Southwestern Energy in a research note on Thursday, September 14th. Cowen and Company reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Southwestern Energy in a research note on Tuesday, September 12th. Citigroup Inc. dropped their price objective on Southwestern Energy from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, July 21st. BMO Capital Markets set a $9.00 price objective on Southwestern Energy and gave the company a “buy” rating in a research note on Tuesday. Finally, Barclays PLC dropped their price objective on Southwestern Energy from $6.00 to $5.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 11th. Six investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. Southwestern Energy currently has an average rating of “Hold” and an average target price of $11.00.
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Southwestern Energy Company (NYSE:SWN) opened at $6.21 on Wednesday. Southwestern Energy Company has a fifty-two week low of $4.90 and a fifty-two week high of $12.85. The firm has a market capitalization of $3,330.77, a price-to-earnings ratio of 16.25 and a beta of 1.17. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.88 and a quick ratio of 1.88.
Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, October 26th. The energy company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.01). Southwestern Energy had a net margin of 16.31% and a return on equity of 23.99%. The firm had revenue of $737.00 million during the quarter, compared to analyst estimates of $773.99 million. During the same quarter in the previous year, the business posted $0.03 EPS. Southwestern Energy’s revenue was up 13.2% compared to the same quarter last year. equities analysts forecast that Southwestern Energy Company will post 0.48 EPS for the current fiscal year.
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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