Russell Investments Group Ltd. Increases Stake in Southwestern Energy (NYSE:SWN)

Russell Investments Group Ltd. boosted its holdings in shares of Southwestern Energy (NYSE:SWN) by 17.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,253,507 shares of the energy company’s stock after purchasing an additional 638,973 shares during the period. Russell Investments Group Ltd. owned about 0.39% of Southwestern Energy worth $25,564,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Southwestern Energy by 7.9% in the first quarter. Vanguard Group Inc. now owns 128,222,158 shares of the energy company’s stock worth $919,352,000 after purchasing an additional 9,410,861 shares in the last quarter. State Street Corp increased its holdings in Southwestern Energy by 21.5% during the first quarter. State Street Corp now owns 55,933,972 shares of the energy company’s stock valued at $401,047,000 after buying an additional 9,882,224 shares during the last quarter. Renaissance Technologies LLC lifted its position in Southwestern Energy by 61.6% during the first quarter. Renaissance Technologies LLC now owns 25,513,925 shares of the energy company’s stock valued at $127,570,000 after purchasing an additional 9,729,900 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Southwestern Energy by 4,550.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,735,368 shares of the energy company’s stock worth $108,678,000 after acquiring an additional 21,268,002 shares in the last quarter. Finally, Kopernik Global Investors LLC increased its stake in Southwestern Energy by 33.6% in the 1st quarter. Kopernik Global Investors LLC now owns 21,025,014 shares of the energy company’s stock worth $105,125,000 after buying an additional 5,287,850 shares in the last quarter. Institutional investors own 88.00% of the company’s stock.

Southwestern Energy Stock Up 0.4 %

Shares of NYSE:SWN opened at $6.76 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.59 and a quick ratio of 0.59. The business has a 50 day simple moving average of $6.70 and a two-hundred day simple moving average of $6.16. Southwestern Energy has a 1 year low of $4.57 and a 1 year high of $7.69. The firm has a market capitalization of $7.44 billion, a PE ratio of 1.46 and a beta of 1.39.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SWN. Wolfe Research raised shares of Southwestern Energy from an “underperform” rating to an “outperform” rating and set a $8.00 target price on the stock in a report on Friday, November 10th. StockNews.com assumed coverage on Southwestern Energy in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Mizuho increased their price target on Southwestern Energy from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Monday, September 18th. Bank of America raised their price target on Southwestern Energy from $14.00 to $15.00 in a report on Wednesday, September 27th. Finally, UBS Group upped their price objective on Southwestern Energy from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Thursday, August 17th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $7.77.

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.