Commonwealth Bank of Australia lessened its position in Southwestern Energy (NYSE:SWN) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,600 shares of the energy company’s stock after selling 14,200 shares during the period. Commonwealth Bank of Australia’s holdings in Southwestern Energy were worth $653,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in SWN. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Southwestern Energy in the 4th quarter worth about $497,000. Great West Life Assurance Co. Can raised its stake in Southwestern Energy by 11.6% in the 4th quarter. Great West Life Assurance Co. Can now owns 361,853 shares of the energy company’s stock worth $1,144,000 after purchasing an additional 37,668 shares in the last quarter. HAP Trading LLC acquired a new stake in Southwestern Energy in the 4th quarter worth about $419,000. Rafferty Asset Management LLC raised its stake in Southwestern Energy by 110.7% in the 4th quarter. Rafferty Asset Management LLC now owns 151,573 shares of the energy company’s stock worth $517,000 after purchasing an additional 79,627 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in Southwestern Energy by 2.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 120,675 shares of the energy company’s stock worth $411,000 after purchasing an additional 2,771 shares in the last quarter. 92.98% of the stock is owned by institutional investors.
Several brokerages have weighed in on SWN. Zacks Investment Research cut shares of Southwestern Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. Mitsubishi UFJ Financial Group dropped their target price on shares of Southwestern Energy to $5.00 and set a “neutral” rating for the company in a research report on Friday, February 8th. Morgan Stanley set a $4.00 target price on shares of Southwestern Energy and gave the company a “sell” rating in a research report on Tuesday, January 29th. B. Riley set a $7.00 target price on shares of Southwestern Energy and gave the company a “buy” rating in a research report on Friday, January 18th. Finally, MKM Partners restated a “neutral” rating and issued a $4.00 target price on shares of Southwestern Energy in a research report on Wednesday, January 16th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. Southwestern Energy presently has an average rating of “Hold” and an average price target of $5.61.
Southwestern Energy Profile
Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil in the United States. It operates through two segments, Exploration and Production, and Midstream. The company focuses on the development of unconventional natural gas reservoirs located in Pennsylvania and West Virginia.
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