New York State Teachers Retirement System Sells 328,457 Shares of Southwestern Energy (NYSE:SWN)

New York State Teachers Retirement System lessened its holdings in Southwestern Energy (NYSE:SWN) by 22.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,121,111 shares of the energy company’s stock after selling 328,457 shares during the period. New York State Teachers Retirement System’s holdings in Southwestern Energy were worth $7,545,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in shares of Southwestern Energy by 555.0% in the fourth quarter. International Assets Investment Management LLC now owns 7,624 shares of the energy company’s stock worth $50,000 after purchasing an additional 6,460 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in 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 acquiring an additional 3,854 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of Southwestern Energy during the fourth quarter worth approximately $79,000. Yousif Capital Management LLC raised its stake in shares of Southwestern Energy by 1.0% during the fourth quarter. Yousif Capital Management LLC now owns 539,777 shares of the energy company’s stock valued at $3,536,000 after acquiring an additional 5,123 shares in the last quarter. Finally, Intellectus Partners LLC boosted its holdings in shares of Southwestern Energy by 4.6% in the fourth quarter. Intellectus Partners LLC now owns 73,200 shares of the energy company’s stock valued at $479,000 after purchasing an additional 3,200 shares during the period. Hedge funds and other institutional investors own 86.97% of the company’s stock.

Southwestern Energy Trading Up 2.3 %

NYSE SWN opened at $6.29 on Monday. The firm has a market cap of $6.94 billion, a PE ratio of -3.61 and a beta of 1.17. 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 50 day moving average price of $6.55 and a 200 day moving average price of $6.98.

Southwestern Energy (NYSE:SWN) last issued its quarterly earnings results on Thursday, August 1st. The energy company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.12 billion. Southwestern Energy had a positive return on equity of 10.55% and a negative net margin of 48.91%. The business’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. As a group, sell-side analysts forecast that Southwestern Energy will post 0.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Mizuho raised their price objective on Southwestern Energy from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Wolfe Research started coverage on Southwestern Energy in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. StockNews.com started coverage on shares of Southwestern Energy in a report on Monday. They set a “hold” rating on the stock. Susquehanna reduced their price target 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. Finally, Scotiabank dropped their price objective on shares of Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 20th. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $8.50.

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.