Principal Financial Group Inc. increased its position in Southwestern Energy (NYSE:SWN – Get Rating) by 45.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,928,193 shares of the energy company’s stock after purchasing an additional 2,169,747 shares during the period. Principal Financial Group Inc. owned 0.68% of Southwestern Energy worth $32,285,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Ridgemont Partners Management LLC bought a new position in Southwestern Energy in the fourth quarter worth about $221,006,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Southwestern Energy during the fourth quarter valued at approximately $65,474,000. Northern Trust Corp raised its holdings in shares of Southwestern Energy by 36.8% during the fourth quarter. Northern Trust Corp now owns 11,891,627 shares of the energy company’s stock valued at $55,416,000 after buying an additional 3,197,441 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Southwestern Energy by 0.8% during the third quarter. Geode Capital Management LLC now owns 11,005,300 shares of the energy company’s stock valued at $60,969,000 after buying an additional 87,525 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Southwestern Energy by 3.6% during the third quarter. Bank of New York Mellon Corp now owns 7,041,253 shares of the energy company’s stock valued at $39,009,000 after buying an additional 247,780 shares during the last quarter. Institutional investors and hedge funds own 85.77% of the company’s stock.
A number of research firms recently commented on SWN. Piper Sandler upgraded shares of Southwestern Energy from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $4.50 to $12.00 in a research note on Thursday, April 21st. Raymond James lifted their price target on shares of Southwestern Energy from $9.00 to $10.50 and gave the stock an “outperform” rating in a research report on Monday, April 25th. Truist Financial lifted their price target on shares of Southwestern Energy from $5.00 to $9.00 in a research report on Thursday, April 21st. The Goldman Sachs Group began coverage on shares of Southwestern Energy in a research report on Friday, January 21st. They issued a “neutral” rating and a $5.25 price target on the stock. Finally, Seaport Res Ptn restated a “buy” rating on shares of Southwestern Energy in a research report on Wednesday, March 30th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.53.
Southwestern Energy (NYSE:SWN – Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The energy company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.04. The company had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $1.75 billion. Southwestern Energy had a negative net margin of 32.56% and a positive return on equity of 203.77%. The business’s revenue was up 174.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 EPS. Equities analysts predict that Southwestern Energy will post 1.41 EPS for the current year.
About Southwestern Energy (Get Rating)
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.
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