Southwestern Energy Company (SWN) Stake Raised by American Century Companies Inc.
American Century Companies Inc. increased its position in Southwestern Energy Company (NYSE:SWN) by 264.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 351,233 shares of the energy company’s stock after purchasing an additional 254,834 shares during the quarter. American Century Companies Inc. owned approximately 0.07% of Southwestern Energy worth $2,146,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in SWN. Bridgewater Associates LP grew its stake in Southwestern Energy by 117.5% in the second quarter. Bridgewater Associates LP now owns 8,234,921 shares of the energy company’s stock worth $50,068,000 after purchasing an additional 4,449,396 shares in the last quarter. Sterling Capital Management LLC grew its stake in Southwestern Energy by 77.5% in the second quarter. Sterling Capital Management LLC now owns 8,405,909 shares of the energy company’s stock worth $51,108,000 after purchasing an additional 3,669,743 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in Southwestern Energy by 1,111.1% in the second quarter. State of New Jersey Common Pension Fund D now owns 3,270,000 shares of the energy company’s stock worth $19,882,000 after purchasing an additional 3,000,000 shares in the last quarter. Marshall Wace North America L.P. grew its stake in Southwestern Energy by 398.8% in the second quarter. Marshall Wace North America L.P. now owns 3,685,212 shares of the energy company’s stock worth $22,111,000 after purchasing an additional 2,946,374 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN grew its stake in Southwestern Energy by 57.2% in the second quarter. Disciplined Growth Investors Inc. MN now owns 6,840,087 shares of the energy company’s stock worth $41,588,000 after purchasing an additional 2,487,525 shares in the last quarter. 92.36% of the stock is currently owned by institutional investors.
Several research analysts recently issued reports on SWN shares. KeyCorp reissued a “hold” rating on shares of Southwestern Energy in a research note on Sunday, September 3rd. Cowen Inc reaffirmed a “buy” rating and set a $9.00 target price on shares of Southwestern Energy in a research report on Tuesday, September 12th. Scotiabank set a $8.00 target price on Southwestern Energy and gave the company a “hold” rating in a research report on Saturday, October 21st. Barclays PLC dropped their target price on Southwestern Energy from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 11th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Southwestern Energy in a research report on Thursday, September 14th. Six equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $11.00.
Shares of Southwestern Energy Company (SWN) traded down $0.17 on Monday, hitting $6.17. The stock had a trading volume of 8,091,100 shares, compared to its average volume of 17,519,234. Southwestern Energy Company has a 12-month low of $4.90 and a 12-month high of $12.85. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.88 and a current ratio of 1.88. The stock has a market cap of $3,150.00, a price-to-earnings ratio of 15.43 and a beta of 1.17.
Southwestern Energy (NYSE:SWN) last issued its quarterly earnings data on Thursday, October 26th. The energy company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $737.00 million for the quarter, compared to analysts’ expectations of $773.99 million. Southwestern Energy had a net margin of 16.31% and a return on equity of 23.99%. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.03 EPS. research analysts forecast that Southwestern Energy Company will post 0.45 earnings per share for the current fiscal year.
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About Southwestern Energy
Southwestern Energy Company is an energy company engaged in natural gas and oil exploration, development and production. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. Its operations in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale.
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