Southwestern Energy Company (NYSE:SWN) Shares Bought by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. raised its stake in shares of Southwestern Energy Company (NYSE:SWN) by 9.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,403,192 shares of the energy company’s stock after buying an additional 202,992 shares during the period. Schwab Charles Investment Management Inc. owned about 0.49% of Southwestern Energy worth $19,635,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. First Manhattan Co. raised its position in shares of 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 in the last quarter. Macquarie Group Ltd. raised its position in shares of Southwestern Energy by 25.3% in the fourth quarter. Macquarie Group Ltd. now owns 9,900 shares of the energy company’s stock valued at $107,000 after buying an additional 2,000 shares in the last quarter. Cleararc Capital Inc. raised its position in shares of Southwestern Energy by 2.2% in the first quarter. Cleararc Capital Inc. now owns 12,185 shares of the energy company’s stock valued at $100,000 after buying an additional 261 shares in the last quarter. Financial Counselors Inc. acquired a new position in shares of Southwestern Energy during the first quarter valued at $101,000. Finally, Pinnacle Associates Ltd. acquired a new position in shares of Southwestern Energy during the first quarter valued at $103,000. Hedge funds and other institutional investors own 92.99% of the company’s stock.
Southwestern Energy Company (NYSE SWN) traded down 2.79% during mid-day trading on Thursday, hitting $5.22. The stock had a trading volume of 19,637,016 shares. The company’s market cap is $2.64 billion. Southwestern Energy Company has a one year low of $5.21 and a one year high of $15.59. The company has a 50 day moving average price of $5.90 and a 200-day moving average price of $7.33.
Southwestern Energy (NYSE:SWN) last posted its quarterly earnings data on Thursday, August 3rd. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.07. Southwestern Energy had a negative net margin of 43.91% and a positive return on equity of 17.89%. The business had revenue of $811 million during the quarter, compared to analyst estimates of $810 million. During the same quarter last year, the business earned ($0.09) earnings per share. Southwestern Energy’s revenue for the quarter was up 55.4% on a year-over-year basis. Equities analysts expect that Southwestern Energy Company will post $0.62 earnings per share for the current fiscal year.
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Several brokerages recently weighed in on SWN. BidaskClub upgraded Southwestern Energy from a “strong sell” rating to a “sell” rating in a research note on Thursday. Scotiabank set a $9.00 price target on Southwestern Energy and gave the company a “hold” rating in a research note on Saturday, July 1st. Zacks Investment Research lowered Southwestern Energy from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Royal Bank Of Canada reiterated a “hold” rating and issued a $10.00 price objective on shares of Southwestern Energy in a report on Friday, July 14th. Finally, Barclays PLC reiterated a “hold” rating and issued a $6.00 price objective on shares of Southwestern Energy in a report on Friday, July 7th. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company’s stock. Southwestern Energy has an average rating of “Hold” and a consensus target price of $12.65.
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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