Texas Permanent School Fund Corp Purchases 12,758 Shares of Southwestern Energy (NYSE:SWN)

Texas Permanent School Fund Corp boosted its stake in Southwestern Energy (NYSE:SWN) by 1.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 963,842 shares of the energy company’s stock after purchasing an additional 12,758 shares during the period. Texas Permanent School Fund Corp’s holdings in Southwestern Energy were worth $7,306,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Fruth Investment Management increased its holdings in Southwestern Energy by 14.4% in the first quarter. Fruth Investment Management now owns 12,236 shares of the energy company’s stock worth $92,000 after purchasing an additional 1,536 shares in the last quarter. Lindbrook Capital LLC boosted its position in Southwestern Energy by 30.2% in the fourth quarter. Lindbrook Capital LLC now owns 6,747 shares of the energy company’s stock worth $44,000 after purchasing an additional 1,564 shares during the last quarter. CWM LLC raised its position in Southwestern Energy by 17.8% in the first quarter. CWM LLC now owns 15,136 shares of the energy company’s stock worth $115,000 after acquiring an additional 2,289 shares during the period. Cerity Partners LLC raised its holdings in shares of Southwestern Energy by 4.4% in the 4th quarter. Cerity Partners LLC now owns 57,931 shares of the energy company’s stock worth $379,000 after purchasing an additional 2,443 shares during the period. Finally, Intellectus Partners LLC raised its stake in shares of Southwestern Energy by 4.6% in the fourth quarter. Intellectus Partners LLC now owns 73,200 shares of the energy company’s stock valued at $479,000 after buying an additional 3,200 shares during the period. 86.97% of the stock is currently owned by institutional investors.

Southwestern Energy Trading Up 0.7 %

Shares of SWN traded up $0.05 during trading hours on Friday, reaching $6.99. 828,799 shares of the company traded hands, compared to its average volume of 15,686,042. Southwestern Energy has a 12 month low of $5.77 and a 12 month high of $7.80. The company has a market capitalization of $7.71 billion, a price-to-earnings ratio of -3.99 and a beta of 1.17. The company’s fifty day moving average price is $7.13 and its two-hundred day moving average price is $7.02. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.83.

Southwestern Energy (NYSE:SWN) last posted its quarterly earnings data on Thursday, May 2nd. The energy company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.29 billion. Southwestern Energy had a negative net margin of 32.93% and a positive return on equity of 9.00%. The business’s revenue was down 33.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 earnings per share. Equities research analysts predict that Southwestern Energy will post 0.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SWN shares. Piper Sandler reissued a “neutral” rating and issued a $7.00 price target (down previously from $8.00) on shares of Southwestern Energy in a research report on Friday, April 19th. StockNews.com assumed coverage on Southwestern Energy in a research report on Tuesday. They set a “hold” rating for the company. Susquehanna upped their target price on shares of Southwestern Energy from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Thursday, May 16th. Mizuho upped their target price on Southwestern Energy from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Finally, Stifel Nicolaus upped their price target on shares of Southwestern Energy from $6.60 to $7.60 and gave the company a “hold” rating in a research report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $8.25.

About Southwestern Energy

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