Kestra Investment Management LLC Takes $170,000 Position in Southwestern Energy (NYSE:SWN)

Kestra Investment Management LLC purchased a new position in Southwestern Energy (NYSE:SWN) in the second quarter, Holdings Channel reports. The fund purchased 25,211 shares of the energy company’s stock, valued at approximately $170,000.

A number of other large investors also recently bought and sold shares of the business. Bank of Nova Scotia purchased a new stake in shares of Southwestern Energy in the fourth quarter valued at approximately $4,434,000. Price T Rowe Associates Inc. MD raised its position in 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 worth $298,381,000 after acquiring an additional 4,968,002 shares during the period. Annex Advisory Services LLC lifted its holdings in Southwestern Energy by 18.8% during the fourth quarter. Annex Advisory Services LLC now owns 977,353 shares of the energy company’s stock valued at $6,402,000 after purchasing an additional 154,496 shares in the last quarter. Symmetry Investments LP acquired a new stake in shares of Southwestern Energy in the fourth quarter valued at about $997,000. Finally, Asia Research & Capital Management Ltd purchased a new stake in shares of Southwestern Energy during the fourth quarter worth about $2,442,000. Institutional investors and hedge funds own 86.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. StockNews.com assumed coverage on Southwestern Energy in a report on Wednesday, September 11th. They issued a “sell” rating on the stock. Scotiabank decreased their target price on Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 20th. Wolfe Research started coverage on Southwestern Energy in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Piper Sandler decreased their price objective on Southwestern Energy from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Finally, Susquehanna dropped their target price on shares of Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating for the company in a report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Southwestern Energy has an average rating of “Hold” and a consensus price target of $7.98.

Southwestern Energy Price Performance

Shares of SWN stock opened at $7.11 on Tuesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.53 and a quick ratio of 0.53. The company has a market capitalization of $7.84 billion, a PE ratio of -4.09 and a beta of 1.12. The firm’s 50-day moving average is $6.34 and its two-hundred day moving average is $6.91. Southwestern Energy has a 12 month low of $5.85 and a 12 month high of $7.80.

Southwestern Energy (NYSE:SWN) last released its quarterly earnings data on Thursday, August 1st. The energy company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The firm 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 earnings per share. Analysts predict that Southwestern Energy will post 0.56 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.