Retirement Systems of Alabama Cuts Stake in Southwestern Energy (NYSE:SWN)

Retirement Systems of Alabama reduced its stake in shares of Southwestern Energy (NYSE:SWNFree Report) by 3.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,375,299 shares of the energy company’s stock after selling 43,896 shares during the period. Retirement Systems of Alabama owned 0.12% of Southwestern Energy worth $8,871,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SWN. Industrial Alliance Investment Management Inc. purchased a new position in Southwestern Energy in the fourth quarter valued at approximately $34,000. Chilton Capital Management LLC purchased a new position in Southwestern Energy in the first quarter valued at approximately $38,000. EverSource Wealth Advisors LLC raised its holdings in Southwestern Energy by 554.0% in the second quarter. EverSource Wealth Advisors LLC now owns 8,574 shares of the energy company’s stock valued at $52,000 after buying an additional 7,263 shares during the period. CenterBook Partners LP purchased a new position in Southwestern Energy in the first quarter valued at approximately $55,000. Finally, CWM LLC raised its holdings in Southwestern Energy by 106.3% in the second quarter. CWM LLC now owns 9,288 shares of the energy company’s stock valued at $56,000 after buying an additional 4,785 shares during the period. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Citigroup raised their price target on shares of Southwestern Energy from $8.00 to $8.24 and gave the company a “buy” rating in a report on Friday, January 12th. Mizuho downgraded shares of Southwestern Energy from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $9.00 to $6.00 in a research report on Wednesday, January 3rd. Truist Financial increased their price objective on shares of Southwestern Energy from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $6.60 price objective (down previously from $8.50) on shares of Southwestern Energy in a research report on Tuesday, January 23rd. Finally, StockNews.com initiated coverage on shares of Southwestern Energy in a research report on Wednesday. They issued a “hold” rating for the company. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $7.59.

Read Our Latest Stock Analysis on SWN

Southwestern Energy Stock Performance

Southwestern Energy stock opened at $6.63 on Wednesday. The company has a market cap of $7.30 billion, a PE ratio of 1.43 and a beta of 1.18. The company has a fifty day moving average price of $6.55 and a two-hundred day moving average price of $6.58. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. Southwestern Energy has a 12 month low of $4.57 and a 12 month high of $7.69.

Southwestern Energy (NYSE:SWNGet Free Report) last released its quarterly earnings data on Thursday, November 2nd. The energy company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. Southwestern Energy had a net margin of 62.31% and a return on equity of 14.13%. Research analysts expect that Southwestern Energy will post 0.62 earnings per share for the current year.

Southwestern Energy Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Southwestern Energy (NYSE:SWN)

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