Alaska State Department of Revenue holds $5.57 million worth of shares in Southwestern Energy (NYSE:SWN)



The Alaska State Department of Revenue strengthened its position in Southwestern Energy (NYSE: SWNGet a rating) by 8.2% in the first quarter, according to the company in its latest 13F filing with the SEC. The fund held 777,399 shares of the energy company after buying an additional 58,785 shares during the quarter. The Alaska State Department of Revenue’s holdings in Southwestern Energy were worth $5,573,000 when it last filed with the SEC.

A number of other institutional investors have also recently changed their positions in the stock. The New York State Common Retirement Fund increased its position in Southwestern Energy shares by 39.5% during the 4th quarter. The New York State Common Retirement Fund now owns 669,960 shares of the energy company worth $3,122,000 after buying an additional 189,564 shares in the last quarter. Bank of New York Mellon Corp increased its position in Southwestern Energy shares by 3.6% during the third quarter. Bank of New York Mellon Corp now owns 7,041,253 shares of the energy company worth $39,009,000 after buying an additional 247,780 shares in the last quarter. Keybank National Association OH acquired a new position in shares of Southwestern Energy during Q4 worth approximately $93,000. Bank of Montreal Can increased its position in Southwestern Energy shares by 18.3% during the 4th quarter. Bank of Montreal Can now owns 323,500 shares of the energy company worth $1,561,000 after buying an additional 50,002 shares in the last quarter. Finally, Texas Permanent School Fund increased its position in Southwestern Energy shares by 46.8% during the 4th quarter. Texas Permanent School Fund now owns 734,971 shares of the energy company worth $3,425,000 after buying an additional 234,157 shares last quarter. 85.77% of the shares are currently held by institutional investors and hedge funds.

NYSE: SWN opened at $7.20 on Tuesday. The stock has a fifty-day moving average price of $7.77 and a 200-day moving average price of $6.20. The company has a market capitalization of $8.04 billion, a price-earnings ratio of -2.15 and a beta of 1.07. The company has a debt ratio of 2.04, a quick ratio of 0.22 and a current ratio of 0.22. Southwestern Energy has a fifty-two week low of $3.81 and a fifty-two week high of $9.87.

Southwest Energy (NYSE: SWNGet a rating) last released its results on Thursday, April 28. The energy company reported earnings per share of $0.40 for the quarter, beating consensus analyst estimates of $0.36 by $0.04. Southwestern Energy had a positive return on equity of 203.77% and a negative net margin of 32.56%. The company posted revenue of $2.94 billion in the quarter, versus a consensus estimate of $1.75 billion. During the same period of the previous year, the company posted EPS of $0.29. The company’s revenue increased by 174.5% compared to the same quarter last year. Research analysts predict that Southwestern Energy will post EPS of 1.54 for the current fiscal year.

Southwestern Energy said its board approved a stock repurchase program on Tuesday, June 21 that sees the company repurchase $1.00 billion in stock. This repurchase authorization allows the energy company to buy up to 13.1% of its shares through purchases on the open market. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

SWN has been the subject of several recent analyst reports. US Capital Advisors upgraded Southwestern Energy from a “holding” rating to an “overweight” rating in a Monday, March 14 research report. Susquehanna raised its price target on Southwestern Energy from $7.00 to $9.00 and gave the stock a “positive” rating in a Monday, April 25 research note. Wells Fargo & Company downgraded Southwestern Energy from an “equal weight” rating to an “underweight” rating and raised its target price for the stock from $8.00 to $10.00 in a rating of research from Monday, March 14. Benchmark upgraded Southwestern Energy from a “hold” rating to a “buy” rating and set a target price of $14.00 for the company in a Wednesday, June 15 research note. Finally, Morgan Stanley raised its price target on Southwestern Energy from $6.00 to $8.50 and gave the stock an “equal weight” rating in a Friday, April 22 research note. Two analysts have assigned the stock a sell rating, eight have assigned a hold rating and eight have assigned the stock a buy rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $9.00.

Southwest Energy Profile (Get a rating)

Southwestern Energy Company, an independent energy company, is engaged 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 is focused on the development of natural gas and unconventional oil reservoirs located in Pennsylvania, West Virginia, Ohio and Louisiana.

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Institutional ownership by quarter for Southwestern Energy (NYSE:SWN)



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