Allianz Asset Management GmbH Sells 85,800 Shares of Southwestern Energy (NYSE:SWN)

Allianz Asset Management GmbH lowered its stake in Southwestern Energy (NYSE:SWNFree Report) by 28.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 217,767 shares of the energy company’s stock after selling 85,800 shares during the period. Allianz Asset Management GmbH’s holdings in Southwestern Energy were worth $1,426,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. lifted its holdings in shares of Southwestern Energy by 8.2% during the 3rd quarter. Victory Capital Management Inc. now owns 192,165 shares of the energy company’s stock worth $1,239,000 after acquiring an additional 14,500 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Southwestern Energy in the 3rd quarter valued at $39,000. Swiss National Bank increased its stake in shares of Southwestern Energy by 1.0% in the 3rd quarter. Swiss National Bank now owns 2,420,600 shares of the energy company’s stock valued at $15,613,000 after purchasing an additional 22,900 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Southwestern Energy in the 3rd quarter valued at $84,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Southwestern Energy by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,241,070 shares of the energy company’s stock worth $66,055,000 after buying an additional 295,760 shares in the last quarter. Institutional investors and hedge funds own 86.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SWN. Susquehanna raised their price objective on Southwestern Energy from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Thursday, May 16th. Scotiabank cut shares of Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and upped their price objective for the stock from $9.00 to $9.50 in a research report on Thursday, April 11th. StockNews.com initiated coverage on shares of Southwestern Energy in a research report on Friday. They issued a “hold” rating on the stock. Stifel Nicolaus upped their price target on shares of Southwestern Energy from $6.60 to $7.60 and gave the stock a “hold” rating in a report on Tuesday, April 23rd. Finally, Mizuho raised their price objective on Southwestern Energy from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $8.25.

View Our Latest Stock Report on SWN

Southwestern Energy Stock Performance

NYSE:SWN opened at $7.23 on Monday. Southwestern Energy has a 52 week low of $5.13 and a 52 week 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. The firm’s fifty day moving average is $7.41 and its 200-day moving average is $6.95. The firm has a market cap of $7.97 billion, a P/E ratio of -4.16 and a beta of 1.12.

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

Southwestern Energy Company 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.

Further Reading

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Institutional Ownership by Quarter for Southwestern Energy (NYSE:SWN)

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