California Public Employees Retirement System lowered its holdings in Southwestern Energy (NYSE:SWN) by 10.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,278,434 shares of the energy company’s stock after selling 141,750 shares during the quarter. California Public Employees Retirement System owned about 0.22% of Southwestern Energy worth $6,776,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Strs Ohio grew its position in Southwestern Energy by 142.0% in the 2nd quarter. Strs Ohio now owns 1,258,200 shares of the energy company’s stock valued at $6,668,000 after purchasing an additional 738,200 shares during the period. Wells Fargo & Company MN grew its position in Southwestern Energy by 224.3% in the 2nd quarter. Wells Fargo & Company MN now owns 1,862,968 shares of the energy company’s stock valued at $9,873,000 after purchasing an additional 1,288,574 shares during the period. Price Capital Management Inc. acquired a new stake in Southwestern Energy in the 2nd quarter valued at $714,000. Convergence Investment Partners LLC boosted its holdings in Southwestern Energy by 10,190.1% during the 2nd quarter. Convergence Investment Partners LLC now owns 211,255 shares of the energy company’s stock worth $1,120,000 after acquiring an additional 209,202 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in Southwestern Energy by 24.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 72,795 shares of the energy company’s stock worth $386,000 after acquiring an additional 14,091 shares during the last quarter. 90.80% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:SWN opened at $5.34 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.59. The stock has a market capitalization of $3.00 billion, a P/E ratio of 12.07 and a beta of 0.87. Southwestern Energy has a fifty-two week low of $3.42 and a fifty-two week high of $6.72.

Southwestern Energy (NYSE:SWN) last issued its quarterly earnings results on Thursday, August 2nd. The energy company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.02. The company had revenue of $816.00 million for the quarter, compared to the consensus estimate of $809.41 million. Southwestern Energy had a net margin of 18.37% and a return on equity of 17.78%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.08 EPS. On average, analysts expect that Southwestern Energy will post 0.9 EPS for the current year.

A number of equities analysts have issued reports on the stock. Citigroup lifted their price objective 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. Macquarie set a $7.00 price objective on shares of Southwestern Energy and gave the stock a “hold” rating in a report on Wednesday, September 26th. BMO Capital Markets set a $7.00 price objective on shares of Southwestern Energy and gave the stock a “buy” rating in a report on Sunday, August 12th. Morgan Stanley set a $4.00 price objective on shares of Southwestern Energy and gave the stock a “sell” rating in a report on Friday. Finally, B. Riley lifted their price objective on shares of Southwestern Energy from $7.85 to $10.00 and gave the stock a “buy” rating in a report on Friday, June 22nd. Seven equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company. Southwestern Energy presently has a consensus rating of “Hold” and a consensus target price of $5.72.

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

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