Southwestern Energy (NYSE:SWN) Shares Bought by Retirement Systems of Alabama

Retirement Systems of Alabama grew its stake in shares of Southwestern Energy (NYSE:SWN) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,379,527 shares of the energy company’s stock after acquiring an additional 4,228 shares during the period. Retirement Systems of Alabama owned about 0.13% of Southwestern Energy worth $9,036,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC increased its stake in Southwestern Energy by 32.3% in the 3rd quarter. FMR LLC now owns 39,784,990 shares of the energy company’s stock valued at $256,613,000 after purchasing an additional 9,709,483 shares in the last quarter. Invesco Ltd. increased its position in shares of Southwestern Energy by 13.7% in the third quarter. Invesco Ltd. now owns 22,735,475 shares of the energy company’s stock valued at $146,644,000 after buying an additional 2,744,656 shares in the last quarter. Kimmeridge Energy Management Company LLC acquired a new position in shares of Southwestern Energy during the 4th quarter worth $120,352,000. Charles Schwab Investment Management Inc. raised its stake in shares of Southwestern Energy by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,241,070 shares of the energy company’s stock worth $66,055,000 after buying an additional 295,760 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Southwestern Energy by 4.9% in the 3rd quarter. AQR Capital Management LLC now owns 7,933,112 shares of the energy company’s stock worth $51,169,000 after buying an additional 370,652 shares in the last quarter. 86.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SWN shares. Citigroup lifted 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. Piper Sandler reiterated a “neutral” rating and set a $7.00 target price (down previously from $8.00) on shares of Southwestern Energy in a report on Friday, April 19th. UBS Group boosted their price target on Southwestern Energy from $6.00 to $6.25 and gave the stock a “neutral” rating in a report on Thursday, January 18th. Mizuho raised Southwestern Energy from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $6.00 to $9.00 in a research note on Monday, February 26th. Finally, Stifel Nicolaus boosted their target price on shares of Southwestern Energy from $6.60 to $7.60 and gave the company a “hold” rating in a research note on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $8.14.

Southwestern Energy Price Performance

SWN opened at $7.09 on Friday. Southwestern Energy has a 1 year low of $4.57 and a 1 year high of $7.80. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.82 and a quick ratio of 0.82. The company’s 50 day simple moving average is $7.28 and its 200 day simple moving average is $6.88.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, May 2nd. The energy company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.29 billion. Southwestern Energy had a negative net margin of 32.93% and a positive return on equity of 8.31%. The firm’s revenue for the quarter was down 33.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.31 EPS. On average, equities analysts forecast that Southwestern Energy will post 0.57 EPS for the current 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.