Southwestern Energy Company (SWN) Position Lifted by Teachers Retirement System of The State of Kentucky
Teachers Retirement System of The State of Kentucky increased its position in shares of Southwestern Energy Company (NYSE:SWN) by 50.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,200 shares of the energy company’s stock after acquiring an additional 28,100 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Southwestern Energy were worth $512,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tudor Investment Corp ET AL bought a new position in shares of Southwestern Energy during the 1st quarter worth approximately $102,000. MML Investors Services LLC raised its stake in shares of 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 acquiring an additional 900 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in shares of Southwestern Energy during the 1st quarter worth approximately $111,000. Partnervest Advisory Services LLC bought a new position in shares of Southwestern Energy during the 2nd quarter worth approximately $122,000. Finally, HRT Financial LLC bought a new position in shares of Southwestern Energy during the 2nd quarter worth approximately $127,000. Hedge funds and other institutional investors own 89.51% of the company’s stock.
Southwestern Energy Company (SWN) opened at 5.46 on Friday. Southwestern Energy Company has a 1-year low of $5.00 and a 1-year high of $12.85. The firm’s market capitalization is $2.72 billion. The company has a 50 day moving average of $5.84 and a 200 day moving average of $6.24.
Southwestern Energy (NYSE:SWN) last posted its quarterly earnings data 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). Southwestern Energy had a negative net margin of 9.46% and a positive return on equity of 25.19%. The firm had revenue of $811.00 million during the quarter, compared to analysts’ expectations of $810.00 million. During the same quarter last year, the business earned ($0.09) earnings per share. The business’s quarterly revenue was up 55.4% on a year-over-year basis. Analysts forecast that Southwestern Energy Company will post $0.49 EPS for the current year.
SWN has been the subject of several recent analyst reports. Cowen and Company set a $9.00 price objective on shares of Southwestern Energy and gave the stock a “buy” rating in a research note on Wednesday, July 19th. KeyCorp reiterated a “hold” rating on shares of Southwestern Energy in a research note on Sunday, September 3rd. Citigroup Inc. reduced their price objective on shares of Southwestern Energy from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, July 21st. BidaskClub upgraded shares of Southwestern Energy from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $8.00 price objective on shares of Southwestern Energy in a research note on Tuesday, June 27th. Six investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the stock. Southwestern Energy presently has an average rating of “Hold” and an average price target of $11.33.
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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