Canoe Financial LP Takes $7.51 Million Position in Southwestern Energy (NYSE:SWN)

Canoe Financial LP acquired a new position in shares of Southwestern Energy (NYSE:SWN) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,146,000 shares of the energy company’s stock, valued at approximately $7,506,000. Canoe Financial LP owned about 0.10% of Southwestern Energy at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Lindbrook Capital LLC lifted its stake in Southwestern Energy by 30.2% during the 4th quarter. Lindbrook Capital LLC now owns 6,747 shares of the energy company’s stock worth $44,000 after acquiring an additional 1,564 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Southwestern Energy by 0.5% during the third quarter. Teacher Retirement System of Texas now owns 352,696 shares of the energy company’s stock worth $2,275,000 after purchasing an additional 1,889 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Southwestern Energy by 4.4% in the fourth quarter. Cerity Partners LLC now owns 57,931 shares of the energy company’s stock valued at $379,000 after purchasing an additional 2,443 shares during the period. Fifth Third Bancorp grew its holdings in shares of Southwestern Energy by 4.3% in the third quarter. Fifth Third Bancorp now owns 60,359 shares of the energy company’s stock valued at $389,000 after purchasing an additional 2,478 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in Southwestern Energy by 2.6% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 104,805 shares of the energy company’s stock worth $676,000 after buying an additional 2,676 shares during the period. 86.97% of the stock is currently owned by hedge funds and other institutional investors.

Southwestern Energy Stock Performance

NYSE SWN opened at $7.17 on Friday. The firm has a market cap of $7.91 billion, a P/E ratio of -4.12 and a beta of 1.15. Southwestern Energy has a 52-week low of $4.67 and a 52-week high of $7.80. The business’s 50-day moving average price is $7.32 and its 200 day moving average price is $6.88. 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 analysts’ consensus estimates of $0.13 by ($0.01). The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.29 billion. Southwestern Energy had a positive return on equity of 9.00% and a negative net margin of 32.93%. The firm’s revenue was down 33.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 earnings per share. On average, equities research analysts expect that Southwestern Energy will post 0.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. UBS Group raised their price target on shares of Southwestern Energy from $6.00 to $6.25 and gave the company a “neutral” rating in a research report on Thursday, January 18th. Susquehanna boosted their target price on Southwestern Energy from $7.00 to $7.50 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. Stifel Nicolaus increased their price target on Southwestern Energy from $6.60 to $7.60 and gave the company a “hold” rating in a research report on Tuesday, April 23rd. StockNews.com began coverage on shares of Southwestern Energy in a research note on Monday, May 6th. They set a “hold” rating on the stock. Finally, Seaport Res Ptn downgraded shares of Southwestern Energy from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $8.14.

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.