Public Employees Retirement System of Ohio Grows Holdings in Southwestern Energy (NYSE:SWN)

Public Employees Retirement System of Ohio boosted its position in shares of Southwestern Energy (NYSE:SWN) by 3.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 485,278 shares of the energy company’s stock after purchasing an additional 14,068 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Southwestern Energy were worth $3,678,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Magnetar Financial LLC raised its stake in Southwestern Energy by 3,468.3% during the 1st quarter. Magnetar Financial LLC now owns 12,360,286 shares of the energy company’s stock worth $93,691,000 after acquiring an additional 12,013,898 shares during the period. Price T Rowe Associates Inc. MD lifted its position 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 worth $298,381,000 after purchasing an additional 4,968,002 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Southwestern Energy by 55.8% in the fourth quarter. Principal Financial Group Inc. now owns 6,330,974 shares of the energy company’s stock valued at $41,468,000 after acquiring an additional 2,268,429 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in Southwestern Energy in the first quarter valued at about $16,407,000. Finally, Tocqueville Asset Management L.P. grew its stake in shares of Southwestern Energy by 656.7% during the first quarter. Tocqueville Asset Management L.P. now owns 2,252,450 shares of the energy company’s stock worth $17,074,000 after acquiring an additional 1,954,800 shares during the last quarter. Institutional investors own 86.97% of the company’s stock.

Southwestern Energy Trading Down 1.9 %

NYSE:SWN opened at $6.33 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.83. The business’s 50 day moving average is $6.90 and its two-hundred day moving average is $7.01. Southwestern Energy has a 52 week low of $5.93 and a 52 week high of $7.80.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SWN shares. Scotiabank lowered Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and upped their target price for the company from $9.00 to $9.50 in a research report on Thursday, April 11th. Piper Sandler reiterated a “neutral” rating and set a $7.00 price target (down from $8.00) on shares of Southwestern Energy in a research report on Friday, April 19th. Stifel Nicolaus boosted their price target on Southwestern Energy from $6.60 to $7.60 and gave the stock a “hold” rating in a research report on Tuesday, April 23rd. Mizuho upped their target price on Southwestern Energy from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Finally, Susquehanna dropped their target price on Southwestern Energy from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $8.42.

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.