Wealthsource Partners LLC Grows Stock Position in Southwestern Energy (NYSE:SWN)

Wealthsource Partners LLC increased its holdings in Southwestern Energy (NYSE:SWN – Get Rating) by 2.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,815 shares of the energy company’s stock after buying an additional 2,115 shares during the period. Wealthsource Partners LLC’s holdings in Southwestern Energy were worth $452,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Profund Advisors LLC lifted its holdings in Southwestern Energy by 47.1% in the 3rd quarter. Profund Advisors LLC now owns 94,859 shares of the energy company’s stock valued at $581,000 after purchasing an additional 30,365 shares in the last quarter. CWM LLC lifted its holdings in Southwestern Energy by 109.8% in the 3rd quarter. CWM LLC now owns 8,230 shares of the energy company’s stock valued at $50,000 after purchasing an additional 4,307 shares in the last quarter. Veritable L.P. purchased a new position in Southwestern Energy in the 3rd quarter valued at about $85,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Southwestern Energy by 55.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 176,188 shares of the energy company’s stock valued at $1,078,000 after purchasing an additional 63,008 shares in the last quarter. Finally, Amalgamated Bank lifted its holdings in Southwestern Energy by 23.1% in the 3rd quarter. Amalgamated Bank now owns 801,685 shares of the energy company’s stock valued at $4,906,000 after purchasing an additional 150,325 shares in the last quarter. 82.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on SWN. Mizuho lowered shares of Southwestern Energy from a “buy” rating to a “neutral” rating and reduced their target price for the company from $11.00 to $9.00 in a report on Tuesday, January 10th. Truist Financial dropped their price objective on shares of Southwestern Energy from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Monday, February 27th. TheStreet raised shares of Southwestern Energy from a “d+” rating to a “c” rating in a research note on Friday, February 24th. Raymond James downgraded shares of Southwestern Energy from an “outperform” rating to a “market perform” rating in a research note on Monday, February 6th. Finally, The Goldman Sachs Group dropped their price objective on shares of Southwestern Energy from $7.50 to $6.50 and set a “neutral” rating for the company in a research note on Wednesday, January 25th. Ten analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $8.91.

Southwestern Energy Stock Performance

Southwestern Energy stock opened at $4.88 on Wednesday. The stock has a market cap of $5.37 billion, a P/E ratio of 2.90 and a beta of 1.28. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 1.02. The stock has a 50 day moving average of $5.44 and a 200-day moving average of $6.27. Southwestern Energy has a 52 week low of $4.66 and a 52 week high of $9.87.

Southwestern Energy (NYSE:SWN – Get Rating) last announced its quarterly earnings data on Friday, February 24th. The energy company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.04). Southwestern Energy had a return on equity of 87.78% and a net margin of 12.32%. The firm had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the business earned $0.31 earnings per share. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, analysts expect that Southwestern Energy will post 1.02 EPS for the current fiscal year.

Southwestern Energy Profile

(Get Rating)

Southwestern Energy Co is a holding company, which engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs). It operates through the Exploration and Production (E&P), and Marketing segments. The E&P segment includes operations in northeast Pennsylvania, West Virginia, and southwest Pennsylvania, The Marketing segment deals in the marketing and transportation of natural gas, oil and NGLs primarily produced in E&P.