Southwestern Energy (NYSE:SWN) Shares Purchased by Wedmont Private Capital

Wedmont Private Capital increased its holdings in Southwestern Energy (NYSE:SWN) by 56.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,330 shares of the energy company’s stock after acquiring an additional 9,861 shares during the quarter. Wedmont Private Capital’s holdings in Southwestern Energy were worth $206,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SWN. Dimensional Fund Advisors LP raised its stake in shares of Southwestern Energy by 7.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 29,332,203 shares of the energy company’s stock worth $192,133,000 after buying an additional 1,924,108 shares in the last quarter. Kopernik Global Investors LLC lifted its holdings in Southwestern Energy by 0.7% in the fourth quarter. Kopernik Global Investors LLC now owns 21,007,377 shares of the energy company’s stock valued at $137,598,000 after acquiring an additional 143,007 shares during the period. Kimmeridge Energy Management Company LLC purchased a new stake in shares of Southwestern Energy during the 4th quarter worth $120,352,000. Charles Schwab Investment Management Inc. boosted its position in shares of Southwestern Energy by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,444,522 shares of the energy company’s stock worth $68,412,000 after purchasing an additional 203,452 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Southwestern Energy by 4.9% during the 3rd quarter. AQR Capital Management LLC now owns 7,933,112 shares of the energy company’s stock worth $51,169,000 after purchasing an additional 370,652 shares during the period. Hedge funds and other institutional investors own 86.97% of the company’s stock.

Southwestern Energy Stock Performance

Shares of SWN opened at $6.67 on Monday. Southwestern Energy has a 52-week low of $5.35 and a 52-week high of $7.80. The firm has a market capitalization of $7.36 billion, a PE ratio of -3.83 and a beta of 1.12. The firm has a 50-day moving average price of $7.30 and a 200 day moving average price of $6.98. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.83.

Southwestern Energy (NYSE:SWN) last posted its quarterly earnings data on Thursday, May 2nd. The energy company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.29 billion. Southwestern Energy had a positive return on equity of 9.00% and a negative net margin of 32.93%. The firm’s quarterly revenue was down 33.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 EPS. On average, sell-side analysts anticipate that Southwestern Energy will post 0.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Susquehanna upped their target price on shares of Southwestern Energy from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, May 16th. StockNews.com began coverage on Southwestern Energy in a report on Sunday. They set a “hold” rating for the company. Stifel Nicolaus raised their price target on Southwestern Energy from $6.60 to $7.60 and gave the company a “hold” rating in a research report on Tuesday, April 23rd. Mizuho boosted their price objective on shares of Southwestern Energy from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Finally, Scotiabank downgraded shares of Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and raised their target price for the company from $9.00 to $9.50 in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $8.25.

Southwestern Energy Profile

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.