Canada Pension Plan Investment Board Decreases Holdings in Southwestern Energy (NYSE:SWN)

Canada Pension Plan Investment Board lowered its stake in Southwestern Energy (NYSE:SWN) by 91.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 100,100 shares of the energy company’s stock after selling 1,142,200 shares during the period. Canada Pension Plan Investment Board’s holdings in Southwestern Energy were worth $602,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Toroso Investments LLC lifted its stake in Southwestern Energy by 401.4% in the 1st quarter. Toroso Investments LLC now owns 390,616 shares of the energy company’s stock valued at $1,953,000 after buying an additional 312,714 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Southwestern Energy by 126.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 102,129 shares of the energy company’s stock valued at $614,000 after buying an additional 56,983 shares in the last quarter. Fifth Third Wealth Advisors LLC purchased a new stake in Southwestern Energy in the 2nd quarter valued at approximately $179,000. New Mexico Educational Retirement Board lifted its stake in Southwestern Energy by 14.3% in the 1st quarter. New Mexico Educational Retirement Board now owns 199,900 shares of the energy company’s stock valued at $1,000,000 after buying an additional 25,000 shares in the last quarter. Finally, Balentine LLC purchased a new stake in Southwestern Energy in the 1st quarter valued at approximately $73,000. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on SWN shares. Stifel Nicolaus upped their target price on Southwestern Energy from $7.50 to $8.00 and gave the company a “buy” rating in a research note on Friday, August 11th. Mizuho boosted their price target on Southwestern Energy from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Monday, September 18th. Citigroup boosted their price target on Southwestern Energy from $6.50 to $7.00 and gave the company a “neutral” rating in a report on Monday, August 7th. Truist Financial boosted their price target on Southwestern Energy from $9.00 to $10.00 and gave the company a “buy” rating in a report on Monday, November 6th. Finally, Wolfe Research upgraded Southwestern Energy from an “underperform” rating to an “outperform” rating and set a $8.00 price target for the company in a report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $7.77.

Southwestern Energy Trading Up 0.4 %

SWN stock opened at $6.76 on Tuesday. The company has a market cap of $7.44 billion, a price-to-earnings ratio of 1.46 and a beta of 1.39. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.63. The business has a fifty day simple moving average of $6.70 and a 200-day simple moving average of $6.16. Southwestern Energy has a 52 week low of $4.57 and a 52 week high of $7.69.

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.