Retirement Systems of Alabama Acquires 4,228 Shares of Southwestern Energy (NYSE:SWN)

Retirement Systems of Alabama raised its holdings in shares of Southwestern Energy (NYSE:SWN) by 0.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,379,527 shares of the energy company’s stock after acquiring an additional 4,228 shares during the period. Retirement Systems of Alabama’s holdings in Southwestern Energy were worth $9,036,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SWN. Parkside Financial Bank & Trust boosted its stake in Southwestern Energy by 481.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,655 shares of the energy company’s stock worth $30,000 after acquiring an additional 3,854 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Southwestern Energy during the third quarter worth $39,000. Lindbrook Capital LLC grew its holdings in shares of Southwestern Energy by 30.2% in the 4th quarter. Lindbrook Capital LLC now owns 6,747 shares of the energy company’s stock valued at $44,000 after buying an additional 1,564 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Southwestern Energy by 555.0% in the 4th quarter. International Assets Investment Management LLC now owns 7,624 shares of the energy company’s stock valued at $50,000 after buying an additional 6,460 shares during the period. Finally, Headlands Technologies LLC increased its position in shares of 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 buying an additional 5,974 shares in the last quarter. Institutional investors and hedge funds own 86.97% of the company’s stock.

Southwestern Energy Stock Down 1.9 %

Shares of NYSE SWN opened at $7.09 on Friday. Southwestern Energy has a 52 week low of $4.57 and a 52 week high of $7.80. The stock has a 50 day moving average price of $7.28 and a 200 day moving average price of $6.88. 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 earnings results on Thursday, May 2nd. The energy company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). Southwestern Energy had a negative net margin of 32.93% and a positive return on equity of 8.31%. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the business posted $0.31 earnings per share. Southwestern Energy’s quarterly revenue was down 33.1% compared to the same quarter last year. Equities analysts forecast that Southwestern Energy will post 0.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SWN. Stifel Nicolaus boosted their target price on Southwestern Energy from $6.60 to $7.60 and gave the company a “hold” rating in a research note on Tuesday, April 23rd. Mizuho upgraded Southwestern Energy from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $6.00 to $9.00 in a research report on Monday, February 26th. Seaport Res Ptn downgraded shares of Southwestern Energy from a “buy” rating to a “neutral” rating in a report on Wednesday, January 31st. StockNews.com assumed coverage on shares of Southwestern Energy in a report on Sunday, April 28th. They issued a “hold” rating for the company. Finally, Piper Sandler restated a “neutral” rating and set a $7.00 price objective (down from $8.00) on shares of Southwestern Energy in a report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $8.14.

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.