First Trust Advisors LP Has $47.86 Million Stock Holdings in Southwestern Energy (NYSE:SWN)

First Trust Advisors LP decreased its position in Southwestern Energy (NYSE:SWNFree Report) by 6.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,306,464 shares of the energy company’s stock after selling 519,460 shares during the period. First Trust Advisors LP owned about 0.66% of Southwestern Energy worth $47,857,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SWN. FMR LLC lifted its position in Southwestern Energy by 32.3% in the third quarter. FMR LLC now owns 39,784,990 shares of the energy company’s stock worth $256,613,000 after purchasing an additional 9,709,483 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Southwestern Energy by 7.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 29,332,203 shares of the energy company’s stock worth $192,133,000 after acquiring an additional 1,924,108 shares during the period. Invesco Ltd. boosted its position 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 acquiring an additional 2,744,656 shares in the last quarter. Kopernik Global Investors LLC increased its stake in Southwestern Energy by 0.7% in the fourth quarter. Kopernik Global Investors LLC now owns 21,007,377 shares of the energy company’s stock valued at $137,598,000 after acquiring an additional 143,007 shares during the period. Finally, Kimmeridge Energy Management Company LLC bought a new position in Southwestern Energy during the fourth quarter worth about $120,352,000. Institutional investors own 86.97% of the company’s stock.

Southwestern Energy Price Performance

SWN stock opened at $7.23 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a market capitalization of $7.97 billion, a P/E ratio of -4.16 and a beta of 1.12. Southwestern Energy has a fifty-two week low of $5.13 and a fifty-two week high of $7.80. The business has a 50-day moving average of $7.42 and a 200-day moving average of $6.95.

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on SWN shares. StockNews.com started coverage on Southwestern Energy in a report on Friday. They issued a “hold” rating for the company. Piper Sandler reissued 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. Mizuho boosted their target price on shares of Southwestern Energy from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Susquehanna increased their target price on shares of Southwestern Energy from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, May 16th. Finally, Stifel Nicolaus boosted their price target on shares of Southwestern Energy from $6.60 to $7.60 and gave the company a “hold” rating in a research report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Southwestern Energy currently has an average rating of “Hold” and an average target price of $8.25.

Get Our Latest Report on SWN

Southwestern Energy Profile

(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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