Southwestern Energy (NYSE:SWN) Shares Sold by Fisher Asset Management LLC

Posted by on Apr 26th, 2023

Fisher Asset Management LLC decreased its holdings in Southwestern Energy (NYSE:SWN – Get Rating) by 30.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,215,194 shares of the energy company’s stock after selling 534,084 shares during the quarter. Fisher Asset Management LLC owned 0.11% of Southwestern Energy worth $7,109,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. IFP Advisors Inc raised its holdings in Southwestern Energy by 201.0% in the 3rd quarter. IFP Advisors Inc now owns 2,829 shares of the energy company’s stock worth $34,000 after purchasing an additional 1,889 shares during the period. Spire Wealth Management acquired a new position in shares of Southwestern Energy during the fourth quarter valued at approximately $30,000. Quadrant Capital Group LLC raised its holdings in shares of Southwestern Energy by 61.9% during the third quarter. Quadrant Capital Group LLC now owns 5,583 shares of the energy company’s stock valued at $34,000 after acquiring an additional 2,134 shares during the last quarter. FinTrust Capital Advisors LLC raised its holdings in shares of Southwestern Energy by 91.5% during the third quarter. FinTrust Capital Advisors LLC now owns 6,725 shares of the energy company’s stock valued at $45,000 after acquiring an additional 3,214 shares during the last quarter. Finally, Tobam raised its holdings in shares of Southwestern Energy by 93.1% during the fourth quarter. Tobam now owns 7,503 shares of the energy company’s stock valued at $44,000 after acquiring an additional 3,617 shares during the last quarter. Institutional investors and hedge funds own 82.26% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Mizuho cut Southwestern Energy from a “buy” rating to a “neutral” rating and reduced their target price for the company from $11.00 to $9.00 in a report on Tuesday, January 10th. Wells Fargo & Company cut Southwestern Energy from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $6.00 to $5.00 in a report on Tuesday, April 11th. TheStreet upgraded Southwestern Energy from a “d+” rating to a “c” rating in a research report on Friday, February 24th. Piper Sandler dropped their price target on Southwestern Energy from $9.00 to $8.00 and set an “overweight” rating for the company in a research report on Wednesday, April 19th. Finally, The Goldman Sachs Group dropped their price target on Southwestern Energy from $7.50 to $6.50 and set a “neutral” rating for the company in a research report on Wednesday, January 25th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $7.94.

Southwestern Energy Trading Down 4.1 %

SWN opened at $4.90 on Wednesday. Southwestern Energy has a 52 week low of $4.60 and a 52 week high of $9.87. The business has a fifty day simple moving average of $5.08 and a 200-day simple moving average of $5.81. The firm has a market cap of $5.40 billion, a P/E ratio of 2.92 and a beta of 1.31. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 1.02.

Southwestern Energy (NYSE:SWN – Get Rating) last released its quarterly earnings results on Friday, February 24th. The energy company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.04). Southwestern Energy had a return on equity of 87.78% and a net margin of 12.32%. The firm had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the prior year, the business earned $0.31 earnings per share. The company’s quarterly revenue was up 14.7% on a year-over-year basis. On average, equities analysts expect that Southwestern Energy will post 0.68 earnings per share for the current year.

Southwestern Energy Profile

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Southwestern Energy Co is a holding company, which engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs). It operates through the Exploration and Production (E&P), and Marketing segments. The E&P segment includes operations in northeast Pennsylvania, West Virginia, and southwest Pennsylvania, The Marketing segment deals in the marketing and transportation of natural gas, oil and NGLs primarily produced in E&P.

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

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