Arkadios Wealth Advisors Purchases Shares of 155,500 Southwestern Energy (NYSE:SWN)

Arkadios Wealth Advisors acquired a new position in Southwestern Energy (NYSE:SWN) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 155,500 shares of the energy company’s stock, valued at approximately $1,047,000.

A number of other large investors have also recently made changes to their positions in the business. Bank of Nova Scotia bought a new stake in Southwestern Energy in the fourth quarter valued at $4,434,000. Price T Rowe Associates Inc. MD increased its position in shares of Southwestern Energy by 14.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 39,364,192 shares of the energy company’s stock valued at $298,381,000 after buying an additional 4,968,002 shares during the period. Dimensional Fund Advisors LP raised its stake in Southwestern Energy by 7.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 29,332,203 shares of the energy company’s stock worth $192,133,000 after buying an additional 1,924,108 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Southwestern Energy by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,444,522 shares of the energy company’s stock worth $68,412,000 after buying an additional 203,452 shares during the period. Finally, Annex Advisory Services LLC boosted its position in Southwestern Energy by 18.8% during the 4th quarter. Annex Advisory Services LLC now owns 977,353 shares of the energy company’s stock valued at $6,402,000 after acquiring an additional 154,496 shares in the last quarter. 86.97% of the stock is currently owned by institutional investors.

Southwestern Energy Stock Down 0.3 %

Shares of NYSE SWN traded down $0.02 during midday trading on Friday, hitting $6.34. The stock had a trading volume of 1,231,078 shares, compared to its average volume of 16,747,201. The business’s 50 day moving average is $6.51 and its 200-day moving average is $6.97. Southwestern Energy has a 52 week low of $5.85 and a 52 week high of $7.80. 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 company has a market cap of $6.99 billion, a P/E ratio of -3.66 and a beta of 1.17.

Southwestern Energy (NYSE:SWN) last released its quarterly earnings data on Thursday, August 1st. The energy company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Southwestern Energy had a positive return on equity of 10.55% and a negative net margin of 48.91%. The firm’s quarterly revenue was down 14.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 EPS. As a group, analysts predict that Southwestern Energy will post 0.61 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on SWN. Wolfe Research began coverage on Southwestern Energy in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Scotiabank dropped their target price on shares of Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 20th. Susquehanna reduced their target price on shares of Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating on the stock in a research report on Monday, August 19th. Mizuho lifted their price target on shares of Southwestern Energy from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Finally, StockNews.com started coverage on shares of Southwestern Energy in a research note on Monday. They set a “hold” rating on the stock. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $8.50.

Southwestern Energy Company Profile

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.