Thrivent Financial for Lutherans Cuts Stock Position in Southwestern Energy (NYSE:SWN)

Thrivent Financial for Lutherans decreased its holdings in Southwestern Energy (NYSE:SWN) by 3.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 266,441 shares of the energy company’s stock after selling 9,541 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Southwestern Energy were worth $1,793,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Fruth Investment Management raised its position in Southwestern Energy by 14.4% in the first quarter. Fruth Investment Management now owns 12,236 shares of the energy company’s stock worth $92,000 after acquiring an additional 1,536 shares in the last quarter. Joule Financial LLC raised its position in Southwestern Energy by 3.4% in the second quarter. Joule Financial LLC now owns 55,421 shares of the energy company’s stock worth $373,000 after acquiring an additional 1,806 shares in the last quarter. Confluence Investment Management LLC raised its position in Southwestern Energy by 2.1% in the second quarter. Confluence Investment Management LLC now owns 88,912 shares of the energy company’s stock worth $598,000 after acquiring an additional 1,825 shares in the last quarter. TD Asset Management Inc raised its position in Southwestern Energy by 0.4% in the second quarter. TD Asset Management Inc now owns 590,130 shares of the energy company’s stock worth $3,972,000 after acquiring an additional 2,130 shares in the last quarter. Finally, CWM LLC raised its position in Southwestern Energy by 17.8% in the first quarter. CWM LLC now owns 15,136 shares of the energy company’s stock worth $115,000 after acquiring an additional 2,289 shares in the last quarter. Hedge funds and other institutional investors own 86.97% of the company’s stock.

Wall Street Analysts Forecast Growth

SWN has been the topic of several research reports. Susquehanna lowered their target price on Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating on the stock in a report on Monday, August 19th. Wolfe Research initiated coverage on Southwestern Energy in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Piper Sandler lowered their target price on Southwestern Energy from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. StockNews.com initiated coverage on Southwestern Energy in a report on Wednesday, September 11th. They issued a “sell” rating on the stock. Finally, Scotiabank lowered their target price on Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 20th. One investment 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. According to MarketBeat, Southwestern Energy has a consensus rating of “Hold” and a consensus target price of $7.98.

Southwestern Energy Price Performance

Shares of NYSE:SWN opened at $7.11 on Thursday. The stock’s 50-day moving average price is $6.37 and its two-hundred day moving average price is $6.91. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.01. Southwestern Energy has a 12-month low of $5.85 and a 12-month high of $7.80. The firm has a market cap of $7.84 billion, a price-to-earnings ratio of -4.09 and a beta of 1.12.

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 firm 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%. The firm’s quarterly revenue was down 14.7% on a year-over-year basis. During the same period last year, the company earned $0.09 EPS. On average, research analysts forecast that Southwestern Energy will post 0.56 EPS 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.