SG Americas Securities LLC Buys 10,929 Shares of Southwestern Energy (SWN)
SG Americas Securities LLC increased its stake in shares of Southwestern Energy (NYSE:SWN) by 9.7% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 123,650 shares of the energy company’s stock after acquiring an additional 10,929 shares during the period. SG Americas Securities LLC’s holdings in Southwestern Energy were worth $655,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its position in Southwestern Energy by 2,836.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 20,705 shares of the energy company’s stock worth $110,000 after acquiring an additional 20,000 shares in the last quarter. Bayesian Capital Management LP acquired a new position in Southwestern Energy during the 1st quarter worth approximately $150,000. LPL Financial LLC acquired a new position in Southwestern Energy during the 1st quarter worth approximately $152,000. Creative Planning acquired a new position in Southwestern Energy during the 2nd quarter worth approximately $169,000. Finally, Signature Estate & Investment Advisors LLC acquired a new position in Southwestern Energy during the 2nd quarter worth approximately $175,000. 90.83% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE SWN opened at $4.92 on Friday. Southwestern Energy has a twelve month low of $3.42 and a twelve month high of $6.72. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.59. The company has a market capitalization of $2.98 billion, a PE ratio of 7.92 and a beta of 0.84.
SWN has been the topic of several analyst reports. ValuEngine upgraded Southwestern Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, July 28th. Morgan Stanley lifted their price objective on Southwestern Energy from $4.50 to $5.00 and gave the stock an “underweight” rating in a report on Thursday, August 16th. Zacks Investment Research upgraded Southwestern Energy from a “hold” rating to a “buy” rating and set a $5.75 price objective on the stock in a report on Tuesday, July 17th. Johnson Rice downgraded Southwestern Energy from a “buy” rating to an “accumulate” rating in a report on Wednesday, August 15th. Finally, Citigroup lifted their price objective on Southwestern Energy from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Monday, August 13th. Seven investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $5.96.
Southwestern Energy Profile
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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