Raymond James Financial Services Advisors Inc. Increases Stock Holdings in Southwestern Energy (NYSE:SWN)

Raymond James Financial Services Advisors Inc. raised its stake in Southwestern Energy (NYSE:SWN) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,883 shares of the energy company’s stock after purchasing an additional 4,404 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Southwestern Energy were worth $523,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in SWN. Price T Rowe Associates Inc. MD increased its stake in Southwestern Energy by 4,550.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 21,735,368 shares of the energy company’s stock valued at $108,678,000 after purchasing an additional 21,268,002 shares during the last quarter. Kimmeridge Energy Management Company LLC purchased a new position in shares of Southwestern Energy during the fourth quarter worth approximately $120,352,000. Invesco Ltd. grew its position in shares of Southwestern Energy by 269.1% during the first quarter. Invesco Ltd. now owns 13,958,070 shares of the energy company’s stock worth $100,079,000 after acquiring an additional 10,175,992 shares during the last quarter. State Street Corp grew its position in shares of Southwestern Energy by 21.5% during the first quarter. State Street Corp now owns 55,933,972 shares of the energy company’s stock worth $401,047,000 after acquiring an additional 9,882,224 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Southwestern Energy by 61.6% during the first quarter. Renaissance Technologies LLC now owns 25,513,925 shares of the energy company’s stock worth $127,570,000 after acquiring an additional 9,729,900 shares during the last quarter. 86.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Susquehanna raised their target price on shares of Southwestern Energy from $6.50 to $7.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. StockNews.com assumed coverage on shares of Southwestern Energy in a research report on Friday, April 12th. They set a “hold” rating on the stock. Citigroup raised their target price on shares of Southwestern Energy from $8.00 to $8.24 and gave the stock a “buy” rating in a research report on Friday, January 12th. UBS Group raised their target price on shares of Southwestern Energy from $6.00 to $6.25 and gave the stock a “neutral” rating in a research report on Thursday, January 18th. Finally, Mizuho upgraded shares of Southwestern Energy from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $6.00 to $9.00 in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Southwestern Energy has an average rating of “Hold” and a consensus target price of $8.11.

Southwestern Energy Price Performance

Southwestern Energy stock opened at $7.28 on Friday. Southwestern Energy has a one year low of $4.57 and a one year high of $7.69. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.82 and a current ratio of 0.82. The business has a fifty day moving average of $7.12 and a two-hundred day moving average of $6.81. The company has a market cap of $8.01 billion, a P/E ratio of 5.16 and a beta of 1.12.

Southwestern Energy (NYSE:SWN) last released its earnings results on Thursday, February 22nd. The energy company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Southwestern Energy had a return on equity of 11.74% and a net margin of 23.87%. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company earned $0.26 earnings per share. Southwestern Energy’s quarterly revenue was down 49.9% compared to the same quarter last year. As a group, analysts predict that Southwestern Energy will post 0.61 earnings per share for the current fiscal year.

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.