ING Groep NV raised its stake in shares of Southwestern Energy (NYSE:SWN) by 24.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 77,320 shares of the energy company’s stock after acquiring an additional 14,961 shares during the period. ING Groep NV’s holdings in Southwestern Energy were worth $431,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cetera Investment Advisers purchased a new position in shares of Southwestern Energy during the 2nd quarter valued at about $108,000. Stevens Capital Management LP purchased a new position in shares of Southwestern Energy during the 3rd quarter valued at about $135,000. State of Alaska Department of Revenue purchased a new position in shares of Southwestern Energy during the 4th quarter valued at about $166,000. Smith Moore & CO. purchased a new position in shares of Southwestern Energy during the 3rd quarter valued at about $202,000. Finally, Hartford Investment Management Co. raised its stake in shares of Southwestern Energy by 53.0% during the 3rd quarter. Hartford Investment Management Co. now owns 33,200 shares of the energy company’s stock valued at $203,000 after buying an additional 11,500 shares during the last quarter. Institutional investors and hedge funds own 76.51% of the company’s stock.
Shares of Southwestern Energy (SWN) opened at $3.58 on Monday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 2.66. Southwestern Energy has a twelve month low of $3.42 and a twelve month high of $8.94. The stock has a market capitalization of $1,830.00, a PE ratio of 5.77 and a beta of 0.96.
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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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