Millennium Management LLC Has $167.74 Million Stake in Southwestern Energy (NYSE:SWN)

Millennium Management LLC lifted its holdings in shares of Southwestern Energy (NYSE:SWN) by 97.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 24,923,413 shares of the energy company’s stock after purchasing an additional 12,270,110 shares during the quarter. Millennium Management LLC’s holdings in Southwestern Energy were worth $167,735,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Rise Advisors LLC bought a new position in Southwestern Energy in the 1st quarter valued at about $25,000. Larson Financial Group LLC lifted its holdings in Southwestern Energy by 4,752.1% during the 2nd quarter. Larson Financial Group LLC now owns 5,871 shares of the energy company’s stock worth $40,000 after purchasing an additional 5,750 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in Southwestern Energy in the 1st quarter valued at $43,000. Choreo LLC bought a new position in Southwestern Energy during the 2nd quarter worth $69,000. Finally, Payden & Rygel Investment Group acquired a new stake in shares of Southwestern Energy during the first quarter worth $75,000. 86.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SWN has been the topic of a number of recent research reports. StockNews.com started coverage on shares of Southwestern Energy in a research report on Wednesday, September 11th. They set a “sell” rating on the stock. Susquehanna decreased 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. Wolfe Research initiated coverage on shares of Southwestern Energy in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. UBS Group reduced their price target on Southwestern Energy from $7.50 to $7.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 18th. Finally, Piper Sandler dropped their price objective on Southwestern Energy from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given 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 price target of $7.98.

Southwestern Energy Trading Up 2.4 %

Shares of SWN opened at $7.15 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.53 and a current ratio of 0.53. Southwestern Energy has a 52-week low of $5.85 and a 52-week high of $7.80. The firm has a market cap of $7.89 billion, a price-to-earnings ratio of -4.11 and a beta of 1.12. The business’s fifty day moving average is $6.34 and its 200-day moving average is $6.91.

Southwestern Energy (NYSE:SWN) last released its quarterly earnings data on Thursday, August 1st. The energy company reported $0.10 earnings per share 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 analyst estimates of $1.12 billion. Southwestern Energy had a positive return on equity of 10.55% and a negative net margin of 48.91%. Southwestern Energy’s revenue was down 14.7% compared to the same quarter last year. During the same period last year, the firm posted $0.09 earnings per share. Equities analysts anticipate that Southwestern Energy will post 0.56 EPS for the current fiscal year.

Southwestern Energy 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.