Wedge Capital Management L L P NC cut its holdings in Southwestern Energy (NYSE:SWN) by 10.9% during the first quarter, HoldingsChannel reports. The firm owned 3,409,945 shares of the energy company’s stock after selling 418,435 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Southwestern Energy were worth $15,993,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of SWN. Greenwich Wealth Management LLC purchased a new stake in shares of Southwestern Energy during the 4th quarter worth approximately $43,000. Courier Capital LLC purchased a new stake in shares of Southwestern Energy during the 4th quarter worth approximately $48,000. Legacy Advisors LLC purchased a new stake in shares of Southwestern Energy during the 1st quarter worth approximately $49,000. Peoples Financial Services CORP. raised its holdings in shares of Southwestern Energy by 21.7% during the 4th quarter. Peoples Financial Services CORP. now owns 14,600 shares of the energy company’s stock worth $50,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Enlightenment Research LLC purchased a new stake in shares of Southwestern Energy during the 4th quarter worth approximately $66,000. 94.63% of the stock is currently owned by institutional investors.
Several brokerages have recently issued reports on SWN. Zacks Investment Research raised Southwestern Energy from a “hold” rating to a “buy” rating and set a $4.50 price objective on the stock in a report on Tuesday, February 12th. Wolfe Research cut Southwestern Energy from a “peer perform” rating to an “underperform” rating in a report on Thursday, April 18th. MKM Partners reissued a “neutral” rating and set a $4.00 target price on shares of Southwestern Energy in a research report on Wednesday, January 16th. B. Riley set a $7.00 target price on Southwestern Energy and gave the company a “buy” rating in a research report on Friday, January 18th. Finally, Morgan Stanley set a $4.00 target price on Southwestern Energy and gave the company a “sell” rating in a research report on Tuesday, January 29th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $5.71.
Southwestern Energy (NYSE:SWN) last released its earnings results on Thursday, February 28th. The energy company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.03). The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1 billion. Southwestern Energy had a net margin of 23.47% and a return on equity of 23.46%. On average, equities analysts expect that Southwestern Energy will post 0.79 earnings per share for the current year.
Southwestern Energy Profile
Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil in the United States. It operates through two segments, Exploration and Production, and Midstream. The company focuses on the development of unconventional natural gas reservoirs located in Pennsylvania and West Virginia.
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