Mutual of America Capital Management LLC Trims Stock Position in Southwestern Energy (NYSE:SWN)

Mutual of America Capital Management LLC trimmed its holdings in shares of Southwestern Energy (NYSE:SWN) by 3.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 971,704 shares of the energy company’s stock after selling 36,606 shares during the period. Mutual of America Capital Management LLC owned about 0.09% of Southwestern Energy worth $6,540,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of SWN. Magnetar Financial LLC increased its position in Southwestern Energy by 3,468.3% during the first quarter. Magnetar Financial LLC now owns 12,360,286 shares of the energy company’s stock worth $93,691,000 after buying an additional 12,013,898 shares in the last quarter. KRYGER CAPITAL Ltd purchased a new stake in shares of Southwestern Energy during the first quarter worth about $76,543,000. Dimensional Fund Advisors LP raised its position in shares of Southwestern Energy by 21.8% in the second quarter. Dimensional Fund Advisors LP now owns 48,926,369 shares of the energy company’s stock valued at $329,276,000 after buying an additional 8,741,562 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Southwestern Energy by 14.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 39,364,192 shares of the energy company’s stock valued at $298,381,000 after buying an additional 4,968,002 shares during the period. Finally, Calamos Advisors LLC boosted its position in Southwestern Energy by 269.1% during the second quarter. Calamos Advisors LLC now owns 6,284,615 shares of the energy company’s stock worth $42,295,000 after acquiring an additional 4,581,834 shares during the last quarter. 86.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on SWN. Susquehanna decreased their price objective on Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating on the stock in a report on Monday, August 19th. Wolfe Research began coverage on shares of Southwestern Energy in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. StockNews.com began coverage on shares of Southwestern Energy in a report on Wednesday, September 11th. They issued a “sell” rating on the stock. UBS Group dropped their price objective on Southwestern Energy from $7.50 to $7.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Scotiabank reduced their target price on Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $8.56.

Southwestern Energy Price Performance

Shares of NYSE SWN opened at $6.56 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.53 and a quick ratio of 0.53. Southwestern Energy has a 1-year low of $5.85 and a 1-year high of $7.80. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of -3.76 and a beta of 1.12. The business has a 50-day moving average of $6.34 and a 200-day moving average of $6.92.

Southwestern Energy (NYSE:SWN) last released its quarterly earnings results on Thursday, August 1st. The energy company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Southwestern Energy had a positive return on equity of 10.55% and a negative net margin of 48.91%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the business earned $0.09 EPS. Southwestern Energy’s quarterly revenue was down 14.7% compared to the same quarter last year. On average, equities analysts anticipate that Southwestern Energy will post 0.57 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, 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.