Key Group Holdings Cayman LTD. Sells 2,773,997 Shares of Southwestern Energy Company (SWN)
Key Group Holdings Cayman LTD. cut its holdings in shares of Southwestern Energy Company (NYSE:SWN) by 30.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,474,405 shares of the energy company’s stock after selling 2,773,997 shares during the period. Southwestern Energy comprises approximately 3.6% of Key Group Holdings Cayman LTD.’s investment portfolio, making the stock its 11th biggest holding. Key Group Holdings Cayman LTD. owned approximately 1.30% of Southwestern Energy worth $39,364,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of SWN. Cleararc Capital Inc. boosted its holdings in 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 purchasing an additional 261 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in Southwestern Energy by 0.4% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 92,056 shares of the energy company’s stock worth $560,000 after purchasing an additional 341 shares during the period. Mariner Wealth Advisors LLC grew its position in Southwestern Energy by 2.6% during the 2nd quarter. Mariner Wealth Advisors LLC now owns 21,009 shares of the energy company’s stock worth $128,000 after purchasing an additional 541 shares during the period. Advantus Capital Management Inc grew its position in Southwestern Energy by 1.8% during the 1st quarter. Advantus Capital Management Inc now owns 50,051 shares of the energy company’s stock worth $409,000 after purchasing an additional 863 shares during the period. Finally, MML Investors Services LLC grew its position in Southwestern Energy by 5.3% during the 2nd quarter. MML Investors Services LLC now owns 17,941 shares of the energy company’s stock worth $109,000 after purchasing an additional 900 shares during the period. Institutional investors own 89.55% of the company’s stock.
Southwestern Energy Company (NYSE SWN) traded up 1.064% during trading on Monday, hitting $6.175. 10,399,702 shares of the stock traded hands. The company’s 50 day moving average price is $5.44 and its 200-day moving average price is $6.50. The stock’s market cap is $3.08 billion. Southwestern Energy Company has a 52-week low of $5.00 and a 52-week high of $14.47.
Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.08). The firm had revenue of $811.00 million during the quarter, compared to analysts’ expectations of $810.00 million. Southwestern Energy had a negative net margin of 9.46% and a positive return on equity of 25.19%. The company’s quarterly revenue was up 55.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.09) EPS. Equities research analysts forecast that Southwestern Energy Company will post $0.54 earnings per share for the current fiscal year.
SWN has been the topic of a number of recent research reports. Royal Bank Of Canada set a $10.00 target price on Southwestern Energy and gave the stock a “hold” rating in a research note on Saturday, June 10th. Robert W. Baird reiterated a “hold” rating and set a $8.00 price target on shares of Southwestern Energy in a research report on Tuesday, September 26th. Scotiabank set a $9.00 price target on Southwestern Energy and gave the company a “hold” rating in a research report on Saturday, July 1st. Wolfe Research raised Southwestern Energy from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $6.00 to $7.00 in a report on Wednesday, September 20th. Finally, BidaskClub downgraded Southwestern Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Five investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $11.57.
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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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