Teachers Retirement System of The State of Kentucky Has $1.84 Million Stock Position in Southwestern Energy (NYSE:SWN)

Teachers Retirement System of The State of Kentucky grew its holdings in shares of Southwestern Energy (NYSE:SWNGet Rating) by 21.9% during the first quarter, HoldingsChannel.com reports. The firm owned 257,040 shares of the energy company’s stock after acquiring an additional 46,100 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Southwestern Energy were worth $1,843,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Counterpoint Mutual Funds LLC acquired a new position in shares of Southwestern Energy during the 1st quarter worth approximately $25,000. Chilton Capital Management LLC acquired a new position in shares of Southwestern Energy during the 4th quarter worth approximately $35,000. Lindbrook Capital LLC grew its position in shares of Southwestern Energy by 28.1% during the 1st quarter. Lindbrook Capital LLC now owns 5,723 shares of the energy company’s stock worth $41,000 after purchasing an additional 1,254 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Southwestern Energy during the 1st quarter worth approximately $56,000. Finally, Journey Strategic Wealth LLC acquired a new position in shares of Southwestern Energy during the 4th quarter worth approximately $63,000. Institutional investors and hedge funds own 82.32% of the company’s stock.

Southwestern Energy Stock Down 0.4 %

Shares of NYSE SWN opened at $7.22 on Wednesday. The company has a debt-to-equity ratio of 4.87, a quick ratio of 0.38 and a current ratio of 0.38. Southwestern Energy has a 52-week low of $3.81 and a 52-week high of $9.87. The firm has a 50 day moving average price of $7.14 and a two-hundred day moving average price of $7.18.

Southwestern Energy (NYSE:SWNGet Rating) last posted its quarterly earnings data on Thursday, August 4th. The energy company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.02). Southwestern Energy had a positive return on equity of 165.90% and a negative net margin of 8.58%. The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the company earned $0.19 earnings per share. The company’s quarterly revenue was up 294.1% compared to the same quarter last year. Analysts forecast that Southwestern Energy will post 1.46 earnings per share for the current year.

Southwestern Energy announced that its board has authorized a stock buyback program on Tuesday, June 21st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the energy company to repurchase up to 13.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

SWN has been the topic of a number of analyst reports. The Goldman Sachs Group decreased their target price on shares of Southwestern Energy from $9.50 to $7.50 and set a “neutral” rating on the stock in a research report on Tuesday, July 5th. Mizuho cut their price target on shares of Southwestern Energy from $13.00 to $11.00 and set a “buy” rating for the company in a report on Tuesday, July 19th. Bank of America raised shares of Southwestern Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $11.00 to $13.00 in a report on Tuesday, July 19th. Piper Sandler upped their price target on shares of Southwestern Energy to $13.00 in a report on Friday, June 3rd. Finally, Wells Fargo & Company raised shares of Southwestern Energy from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $10.00 to $12.00 in a report on Monday, July 11th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $9.56.

Southwestern Energy Company Profile

(Get Rating)

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.

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

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