Southwestern Energy (NYSE:SWN) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lessened its holdings in shares of Southwestern Energy (NYSE:SWNFree Report) by 16.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 790,728 shares of the energy company’s stock after selling 158,601 shares during the quarter. Franklin Resources Inc. owned 0.07% of Southwestern Energy worth $5,179,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Lindbrook Capital LLC increased its position in Southwestern Energy by 30.2% during the 4th quarter. Lindbrook Capital LLC now owns 6,747 shares of the energy company’s stock worth $44,000 after purchasing an additional 1,564 shares in the last quarter. Cerity Partners LLC grew its position in Southwestern Energy by 4.4% in the fourth quarter. Cerity Partners LLC now owns 57,931 shares of the energy company’s stock valued at $379,000 after acquiring an additional 2,443 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Southwestern Energy by 2.6% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 104,805 shares of the energy company’s stock valued at $676,000 after acquiring an additional 2,676 shares in the last quarter. Treasurer of the State of North Carolina grew its position in Southwestern Energy by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 608,536 shares of the energy company’s stock valued at $3,925,000 after acquiring an additional 2,878 shares in the last quarter. Finally, Intellectus Partners LLC grew its position in Southwestern Energy by 4.6% in the fourth quarter. Intellectus Partners LLC now owns 73,200 shares of the energy company’s stock valued at $479,000 after acquiring an additional 3,200 shares in the last quarter. Institutional investors and hedge funds own 86.97% of the company’s stock.

Southwestern Energy Stock Up 1.9 %

Shares of SWN opened at $7.53 on Friday. The business’s fifty day moving average price is $7.43 and its 200 day moving average price is $6.93. Southwestern Energy has a 12-month low of $4.72 and a 12-month high of $7.80. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.62 and a current ratio of 0.62.

Southwestern Energy (NYSE:SWNGet Free Report) last posted its earnings results on Thursday, May 2nd. The energy company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.29 billion. Southwestern Energy had a negative net margin of 32.93% and a positive return on equity of 9.00%. The business’s quarterly revenue was down 33.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 earnings per share. Research analysts anticipate that Southwestern Energy will post 0.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on SWN shares. Mizuho increased their price objective on shares of Southwestern Energy from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Susquehanna increased their price objective on shares of Southwestern Energy from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Thursday, May 16th. StockNews.com began coverage on Southwestern Energy in a research note on Thursday. They set a “hold” rating for the company. Piper Sandler reiterated a “neutral” rating and set a $7.00 target price (down from $8.00) on shares of Southwestern Energy in a research note on Friday, April 19th. Finally, Stifel Nicolaus increased 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. One analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $8.25.

Check Out Our Latest Analysis on Southwestern Energy

About Southwestern Energy

(Free Report)

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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