Wedmont Private Capital Raises Stake in Southwestern Energy (NYSE:SWN)

Wedmont Private Capital raised its holdings in shares of Southwestern Energy (NYSE:SWN) by 69.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,220 shares of the energy company’s stock after buying an additional 18,890 shares during the period. Wedmont Private Capital’s holdings in Southwestern Energy were worth $319,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SWN. Rise Advisors LLC acquired a new position in shares of Southwestern Energy during the 1st quarter valued at $25,000. Parkside Financial Bank & Trust lifted its stake in shares of Southwestern Energy by 481.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,655 shares of the energy company’s stock worth $30,000 after purchasing an additional 3,854 shares in the last quarter. Pingora Partners LLC purchased a new stake in shares of Southwestern Energy in the fourth quarter worth about $30,000. Fidelis Capital Partners LLC purchased a new stake in shares of Southwestern Energy in the first quarter worth about $43,000. Finally, Lindbrook Capital LLC grew its stake in shares of Southwestern Energy by 30.2% in the fourth quarter. Lindbrook Capital LLC now owns 6,747 shares of the energy company’s stock valued at $44,000 after buying an additional 1,564 shares in the last quarter. 86.97% of the stock is currently owned by hedge funds and other institutional investors.

Southwestern Energy Stock Performance

SWN stock traded down $0.10 during trading on Tuesday, hitting $6.13. 15,916,597 shares of the company’s stock traded hands, compared to its average volume of 17,214,709. Southwestern Energy has a 52 week low of $5.85 and a 52 week high of $7.80. The stock has a fifty day moving average price of $6.72 and a two-hundred day moving average price of $7.00. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of -3.58 and a beta of 1.17.

Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, August 1st. The energy company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. Southwestern Energy had a positive return on equity of 10.55% and a negative net margin of 48.91%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the company earned $0.09 earnings per share. The firm’s revenue for the quarter was down 14.7% on a year-over-year basis. As a group, equities analysts anticipate that Southwestern Energy will post 0.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SWN shares. Wolfe Research began coverage on Southwestern Energy in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Susquehanna reduced their target price on shares of Southwestern Energy from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Piper Sandler reaffirmed a “neutral” rating and set a $7.00 price target (down previously from $8.00) on shares of Southwestern Energy in a research note on Friday, April 19th. Mizuho boosted their price objective on shares of Southwestern Energy from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Finally, Stifel Nicolaus raised their target price on Southwestern Energy from $6.60 to $7.60 and gave the company a “hold” rating in a research note on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Southwestern Energy presently has an average rating of “Hold” and an average target price of $8.42.

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.