South Dakota Investment Council Sells 1,070,302 Shares of Southwestern Energy (NYSE:SWN)

South Dakota Investment Council lessened its stake in shares of Southwestern Energy (NYSE:SWN) by 66.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 529,895 shares of the energy company’s stock after selling 1,070,302 shares during the period. South Dakota Investment Council’s holdings in Southwestern Energy were worth $3,471,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC bought a new position in Southwestern Energy during the 4th quarter valued at approximately $79,000. Parkside Financial Bank & Trust increased its holdings in shares of Southwestern Energy by 481.1% in the 4th 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. Lindbrook Capital LLC increased its holdings in shares of Southwestern Energy by 30.2% in the 4th 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 in the last quarter. Oakworth Capital Inc. bought a new stake in shares of Southwestern Energy in the 4th quarter worth $184,000. Finally, Peirce Capital Management LLC bought a new stake in shares of Southwestern Energy in the 4th quarter worth $148,000. Institutional investors own 86.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SWN shares. StockNews.com started coverage on Southwestern Energy in a report on Saturday, April 20th. They issued a “hold” rating for the company. Scotiabank lowered Southwestern Energy from a “sector outperform” rating to a “sector perform” rating and lifted their target price for the stock from $9.00 to $9.50 in a report on Thursday, April 11th. UBS Group lifted their target price on Southwestern Energy from $6.00 to $6.25 and gave the stock a “neutral” rating in a report on Thursday, January 18th. Mizuho raised Southwestern Energy from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $6.00 to $9.00 in a report on Monday, February 26th. Finally, Susquehanna raised their price target on Southwestern Energy from $7.00 to $7.50 and gave the stock a “neutral” rating in a research note on Monday. One investment 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, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.14.

Southwestern Energy Price Performance

NYSE SWN opened at $7.60 on Thursday. The company has a market capitalization of $8.37 billion, a PE ratio of 5.39 and a beta of 1.12. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.82 and a current ratio of 0.82. The business’s fifty day moving average is $7.20 and its 200 day moving average is $6.85. Southwestern Energy has a fifty-two week low of $4.57 and a fifty-two week high of $7.69.

Southwestern Energy (NYSE:SWN) last released its earnings results on Thursday, February 22nd. The energy company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.04. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.29 billion. Southwestern Energy had a return on equity of 11.74% and a net margin of 23.87%. Southwestern Energy’s quarterly revenue was down 49.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 earnings per share. Sell-side analysts predict that Southwestern Energy will post 0.6 earnings per share for the current year.

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.