Legal & General Group Plc Decreases Stake in Southwestern Energy Company (SWN)
Legal & General Group Plc reduced its holdings in shares of Southwestern Energy Company (NYSE:SWN) by 24.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 655,041 shares of the energy company’s stock after selling 210,960 shares during the quarter. Legal & General Group Plc owned approximately 0.13% of Southwestern Energy worth $3,983,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Whittier Trust Co. grew its stake in shares of Southwestern Energy by 2.4% during the 2nd quarter. Whittier Trust Co. now owns 71,533 shares of the energy company’s stock worth $435,000 after acquiring an additional 1,701 shares in the last quarter. UBS Oconnor LLC boosted its holdings in shares of Southwestern Energy by 294.0% in the 1st quarter. UBS Oconnor LLC now owns 857,670 shares of the energy company’s stock valued at $7,007,000 after buying an additional 640,014 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Southwestern Energy by 2,582.8% in the 1st quarter. BlackRock Inc. now owns 31,270,589 shares of the energy company’s stock valued at $255,479,000 after buying an additional 30,105,011 shares during the last quarter. Ngam Advisors L.P. boosted its holdings in shares of Southwestern Energy by 75.0% in the 1st quarter. Ngam Advisors L.P. now owns 42,849 shares of the energy company’s stock valued at $350,000 after buying an additional 18,370 shares during the last quarter. Finally, Comerica Bank boosted its holdings in shares of Southwestern Energy by 0.8% in the 1st quarter. Comerica Bank now owns 152,631 shares of the energy company’s stock valued at $1,171,000 after buying an additional 1,149 shares during the last quarter. 89.57% of the stock is owned by institutional investors.
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Southwestern Energy Company (NYSE:SWN) opened at 5.85 on Thursday. Southwestern Energy Company has a 52-week low of $5.00 and a 52-week high of $14.98. The firm has a 50-day moving average price of $5.44 and a 200-day moving average price of $6.56. The company’s market cap is $2.91 billion.
Southwestern Energy (NYSE:SWN) last issued its quarterly earnings data on Thursday, August 3rd. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.08). The company had revenue of $811.00 million for the quarter, compared to analysts’ expectations of $810.00 million. Southwestern Energy had a positive return on equity of 25.19% and a negative net margin of 9.46%. The business’s revenue for the quarter was up 55.4% on a year-over-year basis. During the same period last year, the company posted ($0.09) EPS. On average, analysts forecast that Southwestern Energy Company will post $0.55 EPS for the current year.
Several equities research analysts have recently commented on SWN shares. Cowen and Company set a $9.00 price objective on Southwestern Energy and gave the company a “buy” rating in a report on Wednesday, July 19th. Citigroup Inc. cut their price objective on Southwestern Energy from $9.00 to $8.00 and set a “buy” rating for the company in a report on Friday, July 21st. KeyCorp reissued a “hold” rating on shares of Southwestern Energy in a report on Sunday, September 3rd. BidaskClub raised Southwestern Energy from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $8.00 price objective on shares of Southwestern Energy in a report on Tuesday, June 27th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $12.33.
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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