California Public Employees Retirement System Lowers Position in Southwestern Energy (SWN)

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California Public Employees Retirement System reduced its position in Southwestern Energy (NYSE:SWN) by 10.0% during the second quarter, HoldingsChannel.com reports. The fund owned 1,278,434 shares of the energy company’s stock after selling 141,750 shares during the quarter. California Public Employees Retirement System’s holdings in Southwestern Energy were worth $6,776,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its stake in Southwestern Energy by 2,836.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 20,705 shares of the energy company’s stock valued at $110,000 after acquiring an additional 20,000 shares during the period. US Bancorp DE raised its stake in Southwestern Energy by 222.5% in the 2nd quarter. US Bancorp DE now owns 23,962 shares of the energy company’s stock valued at $127,000 after acquiring an additional 16,533 shares during the period. Bayesian Capital Management LP bought a new stake in Southwestern Energy in the 1st quarter valued at about $150,000. LPL Financial LLC bought a new stake in Southwestern Energy in the 1st quarter valued at about $152,000. Finally, Creative Planning bought a new stake in Southwestern Energy in the 2nd quarter valued at about $169,000. Institutional investors and hedge funds own 90.80% of the company’s stock.

SWN has been the topic of a number of research reports. Morgan Stanley cut Southwestern Energy to a “sell” rating and set a $3.00 price objective on the stock. in a research note on Wednesday, September 26th. B. Riley boosted their price objective on Southwestern Energy from $7.85 to $10.00 and gave the company a “buy” rating in a research note on Friday, June 22nd. BMO Capital Markets set a $7.00 price objective on Southwestern Energy and gave the company a “buy” rating in a research note on Sunday, August 12th. 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 research note on Tuesday, July 17th. Finally, Scotiabank set a $7.00 price objective on Southwestern Energy and gave the company a “hold” rating in a research note on Monday, August 6th. Seven investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $5.72.

Shares of SWN opened at $5.34 on Friday. Southwestern Energy has a twelve month low of $3.42 and a twelve month high of $6.72. The stock has a market cap of $3.00 billion, a PE ratio of 12.07 and a beta of 0.87. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.59.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, August 2nd. The energy company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.02. Southwestern Energy had a return on equity of 17.78% and a net margin of 18.37%. The firm had revenue of $816.00 million for the quarter, compared to analysts’ expectations of $809.41 million. During the same period in the prior year, the business posted $0.08 earnings per share. The company’s revenue was up .6% on a year-over-year basis. As a group, sell-side analysts predict that Southwestern Energy will post 0.9 earnings per share for the current fiscal year.

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

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