Hartford Investment Management Co. decreased its position in shares of Southwestern Energy Company (NYSE:SWN) by 84.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,700 shares of the energy company’s stock after selling 115,953 shares during the period. Hartford Investment Management Co.’s holdings in Southwestern Energy were worth $132,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of SWN. Retirement Systems of Alabama raised its stake in Southwestern Energy by 3.5% in the first quarter. Retirement Systems of Alabama now owns 240,706 shares of the energy company’s stock worth $1,967,000 after buying an additional 8,084 shares during the last quarter. Granite Investment Advisors LLC raised its stake in Southwestern Energy by 15.3% in the first quarter. Granite Investment Advisors LLC now owns 707,830 shares of the energy company’s stock worth $5,783,000 after buying an additional 93,856 shares during the last quarter. DnB Asset Management AS raised its stake in Southwestern Energy by 25.2% in the first quarter. DnB Asset Management AS now owns 48,627 shares of the energy company’s stock worth $397,000 after buying an additional 9,800 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in Southwestern Energy during the first quarter worth approximately $233,000. Finally, Gulf International Bank UK Ltd raised its stake in Southwestern Energy by 2.2% in the first quarter. Gulf International Bank UK Ltd now owns 147,639 shares of the energy company’s stock worth $1,206,000 after buying an additional 3,150 shares during the last quarter. 93.62% of the stock is currently owned by institutional investors and hedge funds.
Southwestern Energy Company (NYSE SWN) traded up 1.15% during midday trading on Tuesday, hitting $5.26. The stock had a trading volume of 7,538,332 shares. The company’s 50-day moving average price is $5.90 and its 200 day moving average price is $7.33. Southwestern Energy Company has a 12-month low of $5.11 and a 12-month high of $15.59. The stock’s market cap is $2.60 billion.
Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.08. Southwestern Energy had a positive return on equity of 25.19% and a negative net margin of 9.46%. The company had revenue of $811 million during the quarter, compared to analyst estimates of $810 million. During the same period in the prior year, the firm earned ($0.09) EPS. Southwestern Energy’s quarterly revenue was up 55.4% on a year-over-year basis. On average, equities research analysts predict that Southwestern Energy Company will post $0.60 earnings per share for the current fiscal year.
A number of research firms recently commented on SWN. Iberia Capital increased their price objective on Southwestern Energy from $9.00 to $10.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 2nd. National Securities reaffirmed a “buy” rating and set a $14.00 price objective on shares of Southwestern Energy in a research note on Monday, May 1st. Barclays PLC reaffirmed an “equal weight” rating and set a $9.00 price objective (down previously from $10.00) on shares of Southwestern Energy in a research note on Saturday, April 22nd. Cowen and Company raised Southwestern Energy from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from $14.00 to $11.00 in a research note on Wednesday, April 19th. Finally, Royal Bank Of Canada set a $10.00 target price on Southwestern Energy and gave the stock a “hold” rating in a research report on Saturday, June 10th. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $12.60.
About Southwestern Energy
Southwestern Energy Company is an 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 in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale.
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