Essex Investment Management Co. LLC Takes Position in Southwestern Energy (SWN)

Essex Investment Management Co. LLC acquired a new stake in Southwestern Energy (NYSE:SWN) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 209,387 shares of the energy company’s stock, valued at approximately $1,168,000.

A number of other hedge funds also recently made changes to their positions in SWN. Cetera Investment Advisers bought a new stake in Southwestern Energy in the second quarter valued at approximately $108,000. Sciencast Management LP bought a new stake in Southwestern Energy in the second quarter valued at approximately $126,000. Stevens Capital Management LP bought a new stake in Southwestern Energy in the third quarter valued at approximately $135,000. State of Alaska Department of Revenue bought a new stake in Southwestern Energy in the fourth quarter valued at approximately $166,000. Finally, Tiedemann Wealth Management LLC lifted its position in Southwestern Energy by 68.0% in the third quarter. Tiedemann Wealth Management LLC now owns 77,723 shares of the energy company’s stock valued at $174,000 after purchasing an additional 31,462 shares during the last quarter. Hedge funds and other institutional investors own 77.27% of the company’s stock.

Several analysts have weighed in on the company. KeyCorp reiterated a “hold” rating on shares of Southwestern Energy in a research report on Friday, November 10th. Mizuho cut Southwestern Energy from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 21st. BMO Capital Markets set a $9.00 target price on Southwestern Energy and gave the company a “buy” rating in a research note on Tuesday, November 14th. ValuEngine raised Southwestern Energy from a “hold” rating to a “buy” rating in a research note on Thursday, January 4th. Finally, Barclays reduced their target price on Southwestern Energy from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 11th. Eight equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.58.

Shares of Southwestern Energy (NYSE SWN) opened at $3.60 on Thursday. Southwestern Energy has a 12 month low of $3.60 and a 12 month high of $9.17. The company has a market capitalization of $1,840.00, a price-to-earnings ratio of 5.81 and a beta of 0.96. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 2.66.

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Southwestern Energy 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.

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

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