Brown Advisory Inc. boosted its position in Southwestern Energy Co. (NYSE:SWN) by 2.3% during the second quarter, Holdings Channel reports. The fund owned 43,141 shares of the energy company’s stock after buying an additional 956 shares during the period. Brown Advisory Inc.’s holdings in Southwestern Energy were worth $543,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Mariner Wealth Advisors LLC raised its stake in Southwestern Energy by 1.9% in the first quarter. Mariner Wealth Advisors LLC now owns 19,028 shares of the energy company’s stock worth $154,000 after buying an additional 352 shares during the last quarter. CIBC Asset Management Inc raised its stake in Southwestern Energy by 1.8% in the second quarter. CIBC Asset Management Inc now owns 35,356 shares of the energy company’s stock worth $445,000 after buying an additional 609 shares during the last quarter. Aberdeen Asset Management PLC UK raised its stake in Southwestern Energy by 0.5% in the second quarter. Aberdeen Asset Management PLC UK now owns 134,238 shares of the energy company’s stock worth $1,688,000 after buying an additional 630 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in Southwestern Energy by 2.5% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 29,307 shares of the energy company’s stock worth $368,000 after buying an additional 701 shares during the last quarter. Finally, Whittier Trust Co. raised its stake in Southwestern Energy by 1.2% in the second quarter. Whittier Trust Co. now owns 66,154 shares of the energy company’s stock worth $832,000 after buying an additional 802 shares during the last quarter. Hedge funds and other institutional investors own 98.78% of the company’s stock.
Shares of Southwestern Energy Co. (NYSE:SWN) opened at 13.84 on Friday. The firm has a 50-day moving average price of $14.06 and a 200-day moving average price of $12.54. Southwestern Energy Co. has a 52 week low of $5.00 and a 52 week high of $15.59. The firm’s market capitalization is $5.37 billion.
Southwestern Energy (NYSE:SWN) last issued its earnings results on Friday, July 22nd. The energy company reported ($0.09) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.01. Southwestern Energy had a negative return on equity of 1.99% and a negative net margin of 220.65%. The business earned $522 million during the quarter, compared to analysts’ expectations of $517.49 million. On average, equities analysts expect that Southwestern Energy Co. will post $0.05 earnings per share for the current fiscal year.
A number of analysts recently weighed in on the stock. National Securities upgraded shares of Southwestern Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $13.00 to $17.00 in a research note on Monday, July 25th. Scotiabank restated a “sector perform” rating and set a $16.00 target price (up from $13.00) on shares of Southwestern Energy in a research note on Tuesday, July 26th. Royal Bank Of Canada upped their price target on Southwestern Energy from $10.00 to $13.00 and gave the company a “sector perform” rating in a report on Wednesday, June 15th. Vetr downgraded Southwestern Energy from a “buy” rating to a “hold” rating and set a $13.31 price target for the company. in a report on Tuesday, June 14th. Finally, Bank of America Corp. reaffirmed a “hold” rating and issued a $16.00 price target on shares of Southwestern Energy in a report on Friday, June 10th. Five investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $12.38.
In related news, Director Gregory D. Kerley sold 12,000 shares of the stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $14.34, for a total transaction of $172,080.00. Following the sale, the director now directly owns 312,064 shares in the company, valued at approximately $4,474,997.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.16% of the company’s stock.
About Southwestern Energy
Southwestern Energy Company is an independent energy company engaged in natural gas and oil exploration, development and production. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. Its operations are focused on the development of unconventional natural gas reservoirs located in Pennsylvania, West Virginia and Arkansas.
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