Spire Wealth Management Invests $30,000 in Southwestern Energy (NYSE:SWN)

Posted by Defense World Staff on Apr 28th, 2023

Spire Wealth Management bought a new stake in shares of Southwestern Energy (NYSE:SWN – Get Rating) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,047 shares of the energy company’s stock, valued at approximately $30,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Intellectus Partners LLC lifted its position in Southwestern Energy by 45.6% during the fourth quarter. Intellectus Partners LLC now owns 61,450 shares of the energy company’s stock valued at $359,000 after purchasing an additional 19,250 shares in the last quarter. Navellier & Associates Inc. lifted its position in Southwestern Energy by 5.0% during the fourth quarter. Navellier & Associates Inc. now owns 77,363 shares of the energy company’s stock valued at $453,000 after purchasing an additional 3,713 shares in the last quarter. SG Americas Securities LLC lifted its position in Southwestern Energy by 640.4% during the fourth quarter. SG Americas Securities LLC now owns 290,342 shares of the energy company’s stock valued at $1,699,000 after purchasing an additional 251,129 shares in the last quarter. ProShare Advisors LLC lifted its position in Southwestern Energy by 10.7% during the fourth quarter. ProShare Advisors LLC now owns 135,386 shares of the energy company’s stock valued at $792,000 after purchasing an additional 13,139 shares in the last quarter. Finally, Profund Advisors LLC lifted its position in shares of Southwestern Energy by 3.4% in the fourth quarter. Profund Advisors LLC now owns 98,077 shares of the energy company’s stock valued at $574,000 after acquiring an additional 3,218 shares in the last quarter. 82.26% of the stock is currently owned by hedge funds and other institutional investors.

Southwestern Energy Trading Up 4.1 %

Shares of NYSE SWN opened at $5.03 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.48 and a current ratio of 0.48. The business’s 50 day moving average price is $5.06 and its 200-day moving average price is $5.80. Southwestern Energy has a fifty-two week low of $4.60 and a fifty-two week high of $9.87. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 2.99 and a beta of 1.31.

Southwestern Energy (NYSE:SWN – Get Rating) last issued its quarterly earnings results on Thursday, April 27th. The energy company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.27 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 $2.12 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the prior year, the business posted $0.40 earnings per share. The company’s revenue for the quarter was down 28.0% on a year-over-year basis. On average, sell-side analysts expect that Southwestern Energy will post 0.68 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SWN shares. Siebert Williams Shank started coverage on Southwestern Energy in a research report on Monday, April 10th. They issued a “hold” rating and a $6.00 price objective on the stock. Truist Financial lowered their price objective on Southwestern Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Monday, February 27th. StockNews.com assumed coverage on Southwestern Energy in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Benchmark cut Southwestern Energy from a “buy” rating to a “hold” rating in a report on Monday, January 23rd. Finally, TheStreet raised Southwestern Energy from a “d+” rating to a “c” rating in a report on Friday, February 24th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $7.94.

About Southwestern Energy

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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.