American Century Companies Inc. raised its position in Southwestern Energy Company (NYSE:SWN) by 17.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,399 shares of the energy company’s stock after buying an additional 14,262 shares during the quarter. American Century Companies Inc.’s holdings in Southwestern Energy were worth $586,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cleararc Capital Inc. grew its holdings in Southwestern Energy by 2.2% in the 1st 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 Southwestern Energy in the 1st quarter valued at $101,000. Tudor Investment Corp ET AL acquired a new position in Southwestern Energy in the 1st quarter valued at $102,000. Pinnacle Associates Ltd. acquired a new position in Southwestern Energy in the 1st quarter valued at $103,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in Southwestern Energy in the 1st quarter valued at $111,000. 89.50% of the stock is currently owned by hedge funds and other institutional investors.
Southwestern Energy Company (NYSE:SWN) opened at 6.03 on Tuesday. 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 $5.43 and a 200 day moving average price of $6.51. The company’s market capitalization is $3.00 billion.
Southwestern Energy (NYSE:SWN) last issued its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.08). Southwestern Energy had a positive return on equity of 25.19% and a negative net margin of 9.46%. The firm had revenue of $811.00 million for the quarter, compared to the consensus estimate of $810.00 million. During the same period last year, the firm earned ($0.09) EPS. The company’s revenue for the quarter was up 55.4% on a year-over-year basis. On average, analysts predict that Southwestern Energy Company will post $0.54 earnings per share for the current fiscal year.
A number of brokerages have commented on SWN. Citigroup Inc. decreased their price objective on Southwestern Energy from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $10.00 price objective on shares of Southwestern Energy in a report on Friday, July 14th. Barclays PLC reaffirmed a “hold” rating and issued a $6.00 price objective on shares of Southwestern Energy in a report on Friday, July 7th. Piper Jaffray Companies decreased their price objective on Southwestern Energy from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Monday. Finally, KeyCorp reaffirmed a “hold” rating on shares of Southwestern Energy in a report on Sunday, September 3rd. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $12.24.
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Southwestern Energy 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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