Arizona State Retirement System Boosts Stock Position in Southwestern Energy (NYSE:SWN)

Posted by on May 12th, 2023

Arizona State Retirement System grew its stake in shares of Southwestern Energy (NYSE:SWN – Get Rating) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 251,546 shares of the energy company’s stock after acquiring an additional 8,891 shares during the period. Arizona State Retirement System’s holdings in Southwestern Energy were worth $1,472,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SWN. Raymond James & Associates lifted its position in shares of Southwestern Energy by 14.9% during the first quarter. Raymond James & Associates now owns 156,725 shares of the energy company’s stock worth $1,124,000 after acquiring an additional 20,272 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Southwestern Energy by 133.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 139,901 shares of the energy company’s stock worth $1,003,000 after buying an additional 80,088 shares in the last quarter. American Century Companies Inc. raised its position in shares of Southwestern Energy by 47.5% in the first quarter. American Century Companies Inc. now owns 236,458 shares of the energy company’s stock worth $1,695,000 after buying an additional 76,127 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Southwestern Energy by 184.8% in the first quarter. HighTower Advisors LLC now owns 78,456 shares of the energy company’s stock worth $565,000 after buying an additional 50,904 shares in the last quarter. Finally, Cetera Advisor Networks LLC raised its position in shares of Southwestern Energy by 9.5% in the first quarter. Cetera Advisor Networks LLC now owns 46,886 shares of the energy company’s stock worth $336,000 after buying an additional 4,051 shares in the last quarter. Hedge funds and other institutional investors own 82.26% of the company’s stock.

Southwestern Energy Stock Down 0.6 %

Shares of NYSE:SWN opened at $4.72 on Friday. The stock’s 50-day moving average price is $4.98 and its 200-day moving average price is $5.67. Southwestern Energy has a 12-month low of $4.57 and a 12-month high of $9.87. The stock has a market capitalization of $5.20 billion, a P/E ratio of 0.81 and a beta of 1.31. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.63.

Southwestern Energy (NYSE:SWN – Get Rating) last posted its earnings results on Friday, April 28th. The energy company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.36 billion. Southwestern Energy had a net margin of 45.59% and a return on equity of 41.76%. Southwestern Energy’s revenue for the quarter was down 28.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.40 earnings per share. On average, equities analysts anticipate that Southwestern Energy will post 0.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Benchmark downgraded Southwestern Energy from a “buy” rating to a “hold” rating in a research report on Monday, January 23rd. UBS Group assumed coverage on Southwestern Energy in a research report on Wednesday, April 19th. They issued a “neutral” rating and a $5.00 price objective on the stock. Piper Sandler reduced their target price on Southwestern Energy from $9.00 to $8.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 19th. Truist Financial reduced their target price on Southwestern Energy from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Monday, February 27th. Finally, Susquehanna reduced their target price on Southwestern Energy from $7.50 to $7.00 and set a “positive” rating on the stock in a research note on Friday, April 21st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $7.94.

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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