Raymond James & Associates Sells 55,006 Shares of Southwestern Energy (NYSE:SWN)

Raymond James & Associates lowered its stake in Southwestern Energy (NYSE:SWN) by 10.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 448,919 shares of the energy company’s stock after selling 55,006 shares during the period. Raymond James & Associates’ holdings in Southwestern Energy were worth $2,940,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Southwestern Energy by 7.9% in the first quarter. Vanguard Group Inc. now owns 128,222,158 shares of the energy company’s stock valued at $919,352,000 after acquiring an additional 9,410,861 shares in the last quarter. State Street Corp boosted its holdings in shares of Southwestern Energy by 21.5% during the 1st quarter. State Street Corp now owns 55,933,972 shares of the energy company’s stock valued at $401,047,000 after buying an additional 9,882,224 shares in the last quarter. FMR LLC boosted its holdings in shares of Southwestern Energy by 32.3% during the 3rd quarter. FMR LLC now owns 39,784,990 shares of the energy company’s stock valued at $256,613,000 after buying an additional 9,709,483 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Southwestern Energy by 61.6% during the 1st quarter. Renaissance Technologies LLC now owns 25,513,925 shares of the energy company’s stock valued at $127,570,000 after buying an additional 9,729,900 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Southwestern Energy by 13.7% during the 3rd quarter. Invesco Ltd. now owns 22,735,475 shares of the energy company’s stock valued at $146,644,000 after buying an additional 2,744,656 shares in the last quarter. Institutional investors own 86.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SWN. Scotiabank cut shares of Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and boosted their target price for the company from $9.00 to $9.50 in a report on Thursday. Stifel Nicolaus restated a “hold” rating and set a $6.60 target price (down previously from $8.50) on shares of Southwestern Energy in a report on Tuesday, January 23rd. Seaport Res Ptn lowered Southwestern Energy from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 31st. Susquehanna lifted their price target on Southwestern Energy from $6.50 to $7.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. Finally, Citigroup lifted their price target on Southwestern Energy from $8.00 to $8.24 and gave the stock a “buy” rating in a research report on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $8.11.

Southwestern Energy Price Performance

Shares of NYSE:SWN opened at $7.42 on Monday. Southwestern Energy has a fifty-two week low of $4.57 and a fifty-two week high of $7.69. The business has a 50-day simple moving average of $7.05 and a two-hundred day simple moving average of $6.79. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $8.17 billion, a price-to-earnings ratio of 5.26 and a beta of 1.12.

Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, February 22nd. The energy company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. Southwestern Energy had a return on equity of 11.74% and a net margin of 23.87%. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the firm earned $0.26 EPS. Southwestern Energy’s revenue was down 49.9% on a year-over-year basis. On average, analysts expect that Southwestern Energy will post 0.62 earnings per share for the current year.

Southwestern Energy Profile

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.