Wedge Capital Management L L P NC cut its stake in shares of Southwestern Energy (NYSE:SWN) by 98.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 67,807 shares of the energy company’s stock after selling 4,624,096 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Southwestern Energy were worth $131,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. WINTON GROUP Ltd acquired a new stake in Southwestern Energy during the second quarter valued at $184,000. CWM Advisors LLC increased its position in Southwestern Energy by 52.2% during the second quarter. CWM Advisors LLC now owns 57,848 shares of the energy company’s stock worth $183,000 after purchasing an additional 19,831 shares during the last quarter. New York State Teachers Retirement System increased its position in Southwestern Energy by 28.9% during the second quarter. New York State Teachers Retirement System now owns 780,799 shares of the energy company’s stock worth $2,467,000 after purchasing an additional 175,100 shares during the last quarter. Foundry Partners LLC increased its position in shares of Southwestern Energy by 10.9% during the second quarter. Foundry Partners LLC now owns 2,823,401 shares of the energy company’s stock valued at $8,922,000 after acquiring an additional 277,470 shares during the last quarter. Finally, Eidelman Virant Capital acquired a new stake in shares of Southwestern Energy during the second quarter valued at about $63,000.

A number of brokerages recently weighed in on SWN. Mitsubishi UFJ Financial Group dropped their price objective on shares of Southwestern Energy to $3.50 and set a “neutral” rating for the company in a report on Monday, August 12th. Wolfe Research upgraded shares of Southwestern Energy from an “underperform” rating to a “peer perform” rating in a research report on Thursday, September 19th. Morgan Stanley reduced their price target on shares of Southwestern Energy from $2.00 to $1.50 and set an “underweight” rating for the company in a research report on Friday, October 4th. Evercore ISI set a $6.00 price objective on shares of Southwestern Energy and gave the company a “hold” rating in a research note on Wednesday, August 7th. Finally, Bank of America set a $2.00 price objective on shares of Southwestern Energy and gave the company a “sell” rating in a research note on Friday, October 25th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $3.35.

SWN stock traded down $0.02 during mid-day trading on Friday, reaching $2.28. The company had a trading volume of 18,466,631 shares, compared to its average volume of 18,552,992. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $1.24 billion, a P/E ratio of 2.24, a P/E/G ratio of 0.47 and a beta of 1.12. Southwestern Energy has a one year low of $1.56 and a one year high of $6.23. The stock’s 50-day simple moving average is $2.04 and its two-hundred day simple moving average is $2.66.

Southwestern Energy (NYSE:SWN) last issued its quarterly earnings results on Thursday, October 24th. The energy company reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. The company had revenue of $636.00 million for the quarter, compared to analyst estimates of $659.81 million. Southwestern Energy had a return on equity of 14.07% and a net margin of 31.37%. The company’s quarterly revenue was down 33.1% compared to the same quarter last year. During the same period last year, the company earned $0.25 earnings per share. On average, research analysts forecast that Southwestern Energy will post 0.55 EPS for the current fiscal year.

About Southwestern Energy

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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Institutional Ownership by Quarter for Southwestern Energy (NYSE:SWN)

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