Prudential Financial Inc. lessened its holdings in shares of Southwestern Energy (NYSE:SWN) by 19.3% in the third quarter, HoldingsChannel.com reports. The firm owned 1,711,723 shares of the energy company’s stock after selling 410,462 shares during the period. Prudential Financial Inc.’s holdings in Southwestern Energy were worth $8,747,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Strs Ohio boosted its position in Southwestern Energy by 142.0% during the second quarter. Strs Ohio now owns 1,258,200 shares of the energy company’s stock worth $6,668,000 after purchasing an additional 738,200 shares during the period. Wells Fargo & Company MN boosted its position in Southwestern Energy by 224.3% during the second quarter. Wells Fargo & Company MN now owns 1,862,968 shares of the energy company’s stock worth $9,873,000 after purchasing an additional 1,288,574 shares during the period. Price Capital Management Inc. purchased a new stake in shares of Southwestern Energy in the second quarter worth about $714,000. Convergence Investment Partners LLC lifted its holdings in shares of Southwestern Energy by 10,190.1% in the second quarter. Convergence Investment Partners LLC now owns 211,255 shares of the energy company’s stock worth $1,120,000 after buying an additional 209,202 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Southwestern Energy by 24.0% in the second quarter. Janney Montgomery Scott LLC now owns 72,795 shares of the energy company’s stock worth $386,000 after buying an additional 14,091 shares in the last quarter. Hedge funds and other institutional investors own 96.91% of the company’s stock.

SWN stock opened at $4.51 on Thursday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.62. Southwestern Energy has a one year low of $3.42 and a one year high of $6.23. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 10.25 and a beta of 0.61.

Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, October 25th. The energy company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.04. Southwestern Energy had a net margin of 14.22% and a return on equity of 22.07%. The firm had revenue of $951.00 million for the quarter, compared to analysts’ expectations of $889.13 million. On average, analysts anticipate that Southwestern Energy will post 0.95 EPS for the current year.

SWN has been the topic of a number of recent analyst reports. BMO Capital Markets set a $7.00 price target on shares of Southwestern Energy and gave the stock a “buy” rating in a report on Sunday, August 12th. Citigroup increased their price target on shares of Southwestern Energy from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Monday, August 13th. Johnson Rice downgraded shares of Southwestern Energy from a “buy” rating to an “accumulate” rating in a report on Wednesday, August 15th. Morgan Stanley increased their price target on shares of Southwestern Energy from $4.50 to $5.00 and gave the stock an “underweight” rating in a report on Thursday, August 16th. Finally, Macquarie increased their price target on shares of Southwestern Energy from $5.00 to $5.75 and gave the stock a “neutral” rating in a report on Thursday, September 6th. Seven analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $5.80.

In other Southwestern Energy news, SVP Jennifer N. Mccauley sold 10,850 shares of the firm’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $5.88, for a total transaction of $63,798.00. Following the completion of the transaction, the senior vice president now owns 30,799 shares of the company’s stock, valued at $181,098.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.70% of the company’s stock.

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About Southwestern Energy

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil in the United States. It operates through two segments, Exploration and Production, and Midstream. The company focuses on the Marcellus Shale, an unconventional natural gas reservoir covering approximately 191,226 net acres in Northeast Appalachia; Marcellus Shale, Utica, and Upper Devonian unconventional natural gas and oil reservoirs covering approximately 290,291 net acres in Southwest Appalachia; and the Fayetteville Shale, an unconventional natural gas reservoir covering approximately 917,842 net acres in Arkansas.

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

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