Northwestern Mutual Investment Management Company LLC increased its stake in shares of Southwestern Energy Co. (NYSE:SWN) by 21.4% during the second quarter, Holdings Channel reports. The firm owned 18,056 shares of the energy company’s stock after buying an additional 3,178 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Southwestern Energy were worth $227,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Tobam raised its stake in Southwestern Energy by 1,602.0% in the first quarter. Tobam now owns 3,758,033 shares of the energy company’s stock valued at $30,328,000 after buying an additional 3,537,238 shares in the last quarter. Howard Hughes Medical Institute acquired a new stake in Southwestern Energy during the first quarter valued at approximately $129,000. BlackRock Japan Co. Ltd raised its stake in Southwestern Energy by 12.6% in the first quarter. BlackRock Japan Co. Ltd now owns 604,023 shares of the energy company’s stock valued at $4,874,000 after buying an additional 67,436 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Southwestern Energy by 5.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 10,492,996 shares of the energy company’s stock valued at $84,678,000 after buying an additional 516,817 shares in the last quarter. Finally, BlackRock Inc. raised its stake in Southwestern Energy by 2.6% in the first quarter. BlackRock Inc. now owns 931,347 shares of the energy company’s stock valued at $7,516,000 after buying an additional 23,954 shares in the last quarter. Institutional investors and hedge funds own 98.78% of the company’s stock.
Shares of Southwestern Energy Co. (NYSE:SWN) opened at 13.42 on Thursday. The firm has a 50-day moving average of $14.06 and a 200 day moving average of $12.49. Southwestern Energy Co. has a 52-week low of $5.00 and a 52-week high of $15.59. The firm’s market cap is $5.20 billion.
Southwestern Energy (NYSE:SWN) last issued its quarterly earnings data on Friday, July 22nd. The energy company reported ($0.09) earnings per share for the quarter, beating the 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 had revenue of $522 million for the quarter, compared to analysts’ expectations of $517.49 million. On average, equities analysts predict that Southwestern Energy Co. will post $0.05 earnings per share for the current year.
Several research firms recently commented on SWN. Barclays PLC reissued an “underweight” rating and set a $8.00 target price (up from $7.00) on shares of Southwestern Energy in a research note on Friday, July 1st. BMO Capital Markets restated a “hold” rating and issued a $18.00 price target on shares of Southwestern Energy in a research report on Friday, July 29th. Vetr upgraded shares of Southwestern Energy from a “sell” rating to a “buy” rating and set a $13.70 price target for the company in a research report on Monday, June 13th. KLR Group upped their price target on shares of Southwestern Energy from $13.00 to $15.00 and gave the company a “hold” rating in a research report on Thursday, September 1st. Finally, Nomura restated a “neutral” rating and issued a $15.00 price target (up previously from $13.00) on shares of Southwestern Energy in a research report on Monday, July 25th. Five research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.38.
In other Southwestern Energy news, Director Gregory D. Kerley sold 12,000 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 312,064 shares in the company, valued at approximately $4,474,997.76. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company 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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