Southwestern Energy (NYSE:SWN) Holdings Trimmed by Legal & General Group Plc

Legal & General Group Plc decreased its stake in shares of Southwestern Energy (NYSE:SWN) by 0.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 592,726 shares of the energy company’s stock after selling 3,988 shares during the period. Legal & General Group Plc owned 0.10% of Southwestern Energy worth $2,021,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its holdings in shares of Southwestern Energy by 6.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 148,967 shares of the energy company’s stock valued at $508,000 after purchasing an additional 8,947 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in Southwestern Energy during the fourth quarter worth about $475,000. Metropolitan Life Insurance Co. NY raised its holdings in Southwestern Energy by 78.2% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 347,214 shares of the energy company’s stock worth $1,184,000 after acquiring an additional 152,356 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in Southwestern Energy during the fourth quarter worth about $10,207,000. Finally, Bank of America Corp DE raised its holdings in Southwestern Energy by 19.9% during the fourth quarter. Bank of America Corp DE now owns 1,468,648 shares of the energy company’s stock worth $5,009,000 after acquiring an additional 243,875 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

NYSE:SWN traded up $0.07 on Friday, hitting $4.23. The company’s stock had a trading volume of 9,170,245 shares, compared to its average volume of 16,932,202. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 4.15 and a beta of 1.22. Southwestern Energy has a one year low of $3.23 and a one year high of $6.23.

Southwestern Energy (NYSE:SWN) last posted its earnings results on Thursday, February 28th. The energy company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.03). Southwestern Energy had a net margin of 23.47% and a return on equity of 23.46%. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1 billion. Equities research analysts expect that Southwestern Energy will post 0.78 EPS for the current year.

Several analysts recently issued reports on the company. Wolfe Research lowered Southwestern Energy from a “peer perform” rating to an “underperform” rating in a report on Thursday, April 18th. Zacks Investment Research lowered Southwestern Energy from a “buy” rating to a “hold” rating in a report on Wednesday, February 13th. Mitsubishi UFJ Financial Group dropped their target price on Southwestern Energy to $5.00 and set a “neutral” rating on the stock in a report on Friday, February 8th. Morgan Stanley set a $4.00 target price on Southwestern Energy and gave the stock a “sell” rating in a report on Tuesday, January 29th. Finally, B. Riley set a $7.00 target price on Southwestern Energy and gave the stock a “buy” rating in a report on Friday, January 18th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $5.71.

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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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Institutional Ownership by Quarter for Southwestern Energy (NYSE:SWN)

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