Amalgamated Bank Has $4.64 Million Stock Holdings in Southwestern Energy (NYSE:SWN)

Amalgamated Bank decreased its holdings in shares of Southwestern Energy (NYSE:SWN) by 8.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 690,062 shares of the energy company’s stock after selling 60,892 shares during the quarter. Amalgamated Bank owned approximately 0.06% of Southwestern Energy worth $4,644,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Panagora Asset Management Inc. increased its position in Southwestern Energy by 72.6% during the fourth quarter. Panagora Asset Management Inc. now owns 38,758 shares of the energy company’s stock worth $254,000 after buying an additional 16,300 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of Southwestern Energy by 21.7% in the 4th quarter. Corient Private Wealth LLC now owns 144,712 shares of the energy company’s stock valued at $948,000 after acquiring an additional 25,762 shares in the last quarter. US Bancorp DE lifted its holdings in Southwestern Energy by 6.6% in the 4th quarter. US Bancorp DE now owns 201,753 shares of the energy company’s stock worth $1,321,000 after purchasing an additional 12,569 shares during the last quarter. TCW Group Inc. bought a new stake in Southwestern Energy during the fourth quarter worth approximately $229,000. Finally, United Services Automobile Association grew its holdings in Southwestern Energy by 13.9% during the fourth quarter. United Services Automobile Association now owns 89,302 shares of the energy company’s stock valued at $585,000 after purchasing an additional 10,917 shares during the last quarter. Institutional investors own 86.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SWN. Piper Sandler reduced their price objective on shares of Southwestern Energy from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. Susquehanna decreased their price target on shares of Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating for the company in a report on Monday, August 19th. Scotiabank lowered their price target on Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 20th. Wolfe Research initiated coverage on Southwestern Energy in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Finally, UBS Group lowered their target price on Southwestern Energy from $7.50 to $7.00 and set a “neutral” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.56.

Southwestern Energy Stock Performance

SWN opened at $6.72 on Friday. The stock has a market cap of $7.41 billion, a PE ratio of -3.86 and a beta of 1.12. Southwestern Energy has a 1 year low of $5.85 and a 1 year high of $7.80. The stock’s 50 day simple moving average is $6.32 and its 200-day simple moving average is $6.91. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.01.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings data on Thursday, August 1st. The energy company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Southwestern Energy had a negative net margin of 48.91% and a positive return on equity of 10.55%. The company 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 company posted $0.09 EPS. The business’s revenue was down 14.7% on a year-over-year basis. Sell-side analysts forecast that Southwestern Energy will post 0.57 EPS for the current year.

Southwestern Energy Company 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.