Arizona State Retirement System Has $1.92 Million Stock Position in Southwestern Energy (NYSE:SWN)

Arizona State Retirement System lowered its position in shares of Southwestern Energy (NYSE:SWN) by 6.7% in the fourth quarter, HoldingsChannel reports. The firm owned 292,511 shares of the energy company’s stock after selling 21,055 shares during the period. Arizona State Retirement System’s holdings in Southwestern Energy were worth $1,916,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Industrial Alliance Investment Management Inc. acquired a new stake in Southwestern Energy in the 4th quarter valued at about $34,000. Quantbot Technologies LP acquired a new stake in Southwestern Energy in the 3rd quarter valued at about $39,000. Chilton Capital Management LLC acquired a new stake in Southwestern Energy in the 1st quarter valued at about $38,000. Headlands Technologies LLC increased its position in Southwestern Energy by 244.2% in the 3rd quarter. Headlands Technologies LLC now owns 8,420 shares of the energy company’s stock valued at $54,000 after acquiring an additional 5,974 shares in the last quarter. Finally, Clear Street Markets LLC acquired a new stake in Southwestern Energy in the 3rd quarter valued at about $60,000. Institutional investors and hedge funds own 86.97% of the company’s stock.

Southwestern Energy Stock Up 0.5 %

Southwestern Energy stock opened at $7.43 on Friday. The company’s 50 day simple moving average is $7.05 and its 200 day simple moving average is $6.78. Southwestern Energy has a fifty-two week low of $4.57 and a fifty-two week high of $7.69. The firm has a market capitalization of $8.18 billion, a price-to-earnings ratio of 5.27 and a beta of 1.12. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.82 and a quick ratio of 0.82.

Southwestern Energy (NYSE:SWN) last released its quarterly earnings data on Thursday, February 22nd. The energy company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. Southwestern Energy had a net margin of 23.87% and a return on equity of 11.74%. The business had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the firm earned $0.26 EPS. Southwestern Energy’s quarterly revenue was down 49.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Southwestern Energy will post 0.65 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SWN shares. Mizuho upgraded shares of Southwestern Energy from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $6.00 to $9.00 in a research report on Monday, February 26th. Scotiabank lowered shares of Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and raised their target price for the company from $9.00 to $9.50 in a research note on Thursday. Seaport Res Ptn lowered shares of Southwestern Energy from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 31st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $6.60 target price (down previously from $8.50) on shares of Southwestern Energy in a research note on Tuesday, January 23rd. Finally, Susquehanna raised their target price on shares of Southwestern Energy from $6.50 to $7.00 and gave the company a “neutral” rating in a research note on Monday, March 4th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $8.11.

About Southwestern Energy

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.