Advisors Capital Management LLC raised its position in shares of Southwestern Energy Co. (NYSE:SWN) by 26.7% during the third quarter, Holdings Channel reports. The firm owned 14,575 shares of the energy company’s stock after buying an additional 3,070 shares during the period. Advisors Capital Management LLC’s holdings in Southwestern Energy were worth $202,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in Southwestern Energy during the second quarter worth approximately $106,000. Victory Capital Management Inc. raised its position in Southwestern Energy by 90.6% in the third quarter. Victory Capital Management Inc. now owns 9,420 shares of the energy company’s stock worth $130,000 after buying an additional 4,477 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in Southwestern Energy by 131.7% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,500 shares of the energy company’s stock worth $120,000 after buying an additional 5,400 shares in the last quarter. Bourgeon Capital Management LLC bought a new position in Southwestern Energy during the second quarter worth approximately $126,000. Finally, Brant Point Investment Management LLC bought a new position in Southwestern Energy during the second quarter worth approximately $126,000. 96.80% of the stock is currently owned by institutional investors.
Southwestern Energy Co. (NYSE:SWN) traded down 0.26% during trading on Friday, reaching $11.47. 4,958,719 shares of the company’s stock were exchanged. Southwestern Energy Co. has a 52-week low of $5.00 and a 52-week high of $15.59. The firm’s market cap is $5.61 billion. The stock’s 50 day moving average price is $11.37 and its 200 day moving average price is $13.00.
Southwestern Energy (NYSE:SWN) last announced its quarterly earnings results on Thursday, October 20th. The energy company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by $0.04. The firm earned $651 million during the quarter. Southwestern Energy had a negative net margin of 187.25% and a negative return on equity of 2.58%. Southwestern Energy’s revenue was down 13.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.01 EPS. Equities research analysts anticipate that Southwestern Energy Co. will post ($0.01) EPS for the current fiscal year.
SWN has been the topic of several recent research reports. Jefferies Group restated a “sell” rating on shares of Southwestern Energy in a research report on Monday, August 1st. BMO Capital Markets restated a “hold” rating and issued a $18.00 price target on shares of Southwestern Energy in a research report on Friday, July 29th. Citigroup Inc. lifted their price target on shares of Southwestern Energy from $8.00 to $14.00 and gave the stock a “neutral” rating in a research report on Monday, August 8th. Mizuho initiated coverage on shares of Southwestern Energy in a research report on Wednesday, October 5th. They issued a “buy” rating and a $20.00 price target on the stock. Finally, KLR Group lifted their price target on shares of Southwestern Energy from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Thursday, September 1st. Five investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $12.66.
In other news, Director Gregory D. Kerley sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $14.34, for a total transaction of $172,080.00. Following the completion of the sale, the director now owns 312,064 shares in the company, valued at approximately $4,474,997.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.16% of the company’s stock.
About Southwestern Energy
Southwestern Energy Company is an independent energy company engaged in natural gas and oil exploration, development and production. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. Its operations are focused on the development of unconventional natural gas reservoirs located in Pennsylvania, West Virginia and Arkansas.