Alaska Permanent Fund Corp Lowers Stake in Southwestern Energy (NYSE:SWN)

Alaska Permanent Fund Corp cut its position in shares of Southwestern Energy (NYSE:SWN) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 438,135 shares of the energy company’s stock after selling 5,065 shares during the quarter. Alaska Permanent Fund Corp’s holdings in Southwestern Energy were worth $2,870,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SWN. Parkside Financial Bank & Trust grew its holdings in shares of Southwestern Energy by 481.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,655 shares of the energy company’s stock worth $30,000 after buying an additional 3,854 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Southwestern Energy during the third quarter worth about $39,000. Lindbrook Capital LLC grew its holdings in shares of Southwestern Energy by 30.2% during the fourth quarter. Lindbrook Capital LLC now owns 6,747 shares of the energy company’s stock worth $44,000 after buying an additional 1,564 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Southwestern Energy by 555.0% during the fourth quarter. International Assets Investment Management LLC now owns 7,624 shares of the energy company’s stock worth $50,000 after buying an additional 6,460 shares in the last quarter. Finally, Headlands Technologies LLC grew its holdings in Southwestern Energy by 244.2% in the third quarter. Headlands Technologies LLC now owns 8,420 shares of the energy company’s stock valued at $54,000 after purchasing an additional 5,974 shares during the period. 86.97% of the stock is currently owned by hedge funds and other institutional investors.

Southwestern Energy Stock Up 2.7 %

Shares of NYSE SWN traded up $0.20 during trading on Wednesday, reaching $7.59. 13,239,416 shares of the stock were exchanged, compared to its average volume of 17,080,502. The business’s 50-day moving average price is $7.17 and its 200 day moving average price is $6.84. Southwestern Energy has a twelve month low of $4.57 and a twelve month high of $7.69. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $8.36 billion, a price-to-earnings ratio of 5.38 and a beta of 1.12.

Southwestern Energy (NYSE:SWN) last posted its earnings results on Thursday, February 22nd. The energy company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. Southwestern Energy had a net margin of 23.87% and a return on equity of 11.74%. The business had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the company posted $0.26 earnings per share. The business’s revenue for the quarter was down 49.9% compared to the same quarter last year. As a group, equities analysts forecast that Southwestern Energy will post 0.57 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Piper Sandler restated a “neutral” rating and issued a $7.00 target price (down from $8.00) on shares of Southwestern Energy in a report on Friday, April 19th. UBS Group boosted their target price on shares of Southwestern Energy from $6.00 to $6.25 and gave the company a “neutral” rating in a report on Thursday, January 18th. Stifel Nicolaus boosted their target price on shares of Southwestern Energy from $6.60 to $7.60 and gave the company a “hold” rating in a report on Tuesday. Citigroup boosted their target price on shares of Southwestern Energy from $8.00 to $8.24 and gave the company a “buy” rating in a report on Friday, January 12th. Finally, Susquehanna boosted their target price on shares of Southwestern Energy from $7.00 to $7.50 and gave the company a “neutral” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $8.14.

Southwestern Energy Company 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.