Canada Pension Plan Investment Board Boosts Position in Southwestern Energy Company (SWN)

Canada Pension Plan Investment Board raised its stake in shares of Southwestern Energy Company (NYSE:SWN) by 182.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 562,378 shares of the energy company’s stock after buying an additional 363,500 shares during the period. Canada Pension Plan Investment Board owned approximately 0.11% of Southwestern Energy worth $3,419,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in SWN. Cleararc Capital Inc. increased its stake in Southwestern Energy by 2.2% in the first quarter. Cleararc Capital Inc. now owns 12,185 shares of the energy company’s stock valued at $100,000 after buying an additional 261 shares during the period. Financial Counselors Inc. acquired a new stake in Southwestern Energy during the first quarter valued at approximately $101,000. Tudor Investment Corp ET AL acquired a new stake in Southwestern Energy during the first quarter valued at approximately $102,000. Pinnacle Associates Ltd. acquired a new stake in Southwestern Energy during the first quarter valued at approximately $103,000. Finally, Macquarie Group Ltd. increased its stake in Southwestern Energy by 25.3% in the fourth quarter. Macquarie Group Ltd. now owns 9,900 shares of the energy company’s stock valued at $107,000 after buying an additional 2,000 shares during the period. Hedge funds and other institutional investors own 93.10% of the company’s stock.

Southwestern Energy Company (NYSE SWN) opened at 5.52 on Friday. The firm’s market capitalization is $2.75 billion. The stock’s 50 day moving average is $5.58 and its 200-day moving average is $6.87. Southwestern Energy Company has a 1-year low of $5.00 and a 1-year high of $15.59.

Southwestern Energy (NYSE:SWN) last issued its quarterly earnings results on Thursday, August 3rd. The energy company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.08. Southwestern Energy had a net margin of 35.02% and a return on equity of 63.03%. The firm had revenue of $811 million for the quarter, compared to analyst estimates of $810 million. During the same period last year, the company earned ($0.09) EPS. The company’s revenue was up 55.4% compared to the same quarter last year. Equities research analysts forecast that Southwestern Energy Company will post $0.55 EPS for the current year.

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SWN has been the subject of several research reports. National Securities reiterated a “buy” rating and issued a $14.00 price target on shares of Southwestern Energy in a research report on Monday, May 1st. BMO Capital Markets reiterated a “buy” rating and issued a $8.00 price target on shares of Southwestern Energy in a research report on Tuesday, June 27th. Citigroup Inc. reduced their price target on shares of Southwestern Energy from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Cowen and Company set a $9.00 price target on shares of Southwestern Energy and gave the company a “buy” rating in a research report on Wednesday, July 19th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $10.00 price target on shares of Southwestern Energy in a research report on Friday, July 14th. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. Southwestern Energy currently has a consensus rating of “Hold” and a consensus price target of $12.33.

Southwestern Energy Company Profile

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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