Citigroup Inc. decreased its position in shares of Southwestern Energy (NYSE:SWN – Free Report) by 13.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,143,478 shares of the energy company’s stock after selling 183,385 shares during the period. Citigroup Inc. owned approximately 0.10% of Southwestern Energy worth $5,717,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System raised its holdings in shares of Southwestern Energy by 6.2% during the 1st quarter. New York State Teachers Retirement System now owns 1,335,928 shares of the energy company’s stock valued at $6,680,000 after buying an additional 78,570 shares in the last quarter. Easterly Investment Partners LLC raised its stake in shares of Southwestern Energy by 58.3% during the fourth quarter. Easterly Investment Partners LLC now owns 466,549 shares of the energy company’s stock worth $2,729,000 after acquiring an additional 171,818 shares in the last quarter. Stratos Wealth Advisors LLC bought a new stake in shares of Southwestern Energy in the 1st quarter worth approximately $713,000. Arizona State Retirement System boosted its stake in shares of Southwestern Energy by 3.7% in the 4th quarter. Arizona State Retirement System now owns 251,546 shares of the energy company’s stock valued at $1,472,000 after purchasing an additional 8,891 shares in the last quarter. Finally, New Mexico Educational Retirement Board grew its holdings in shares of Southwestern Energy by 14.3% during the 1st quarter. New Mexico Educational Retirement Board now owns 199,900 shares of the energy company’s stock valued at $1,000,000 after purchasing an additional 25,000 shares during the last quarter. Institutional investors own 88.00% of the company’s stock.
Southwestern Energy Price Performance
Shares of NYSE SWN opened at $6.78 on Friday. Southwestern Energy has a 1 year low of $4.57 and a 1 year high of $8.27. The stock has a market capitalization of $7.46 billion, a P/E ratio of 1.36 and a beta of 1.38. The company’s 50-day moving average is $6.29 and its 200 day moving average is $5.51. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.59 and a quick ratio of 0.59.
Southwestern Energy (NYSE:SWN – Get Free Report) last posted its earnings results on Friday, August 4th. The energy company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.50 billion. Southwestern Energy had a return on equity of 23.55% and a net margin of 48.82%. The business’s revenue for the quarter was down 69.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 EPS. On average, sell-side analysts expect that Southwestern Energy will post 0.64 earnings per share for the current year.
Wall Street Analyst Weigh In
Several analysts have weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Southwestern Energy from $6.20 to $6.30 and gave the stock an “underweight” rating in a research note on Friday. StockNews.com initiated coverage on Southwestern Energy in a report on Thursday, August 17th. They set a “hold” rating for the company. UBS Group lifted their price target on Southwestern Energy from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Thursday, August 17th. The Goldman Sachs Group boosted their price objective on Southwestern Energy from $5.00 to $5.50 and gave the company a “sell” rating in a research report on Wednesday, August 23rd. Finally, Truist Financial raised their target price on shares of Southwestern Energy from $7.00 to $8.00 in a report on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $7.29.
Check Out Our Latest Research Report on SWN
About Southwestern Energy
Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs) in the United States. It operates through two segments, Exploration and Production, and Marketing. The company focuses on the development of unconventional natural gas and oil reservoirs located in Pennsylvania, West Virginia, Ohio, and Louisiana.
Further Reading
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Source: defenseworld.net
