Shelton Capital Management reduced its position in Southwestern Energy (NYSE:SWN – Free Report) by 3.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 54,239 shares of the energy company’s stock after selling 1,768 shares during the period. Shelton Capital Management’s holdings in Southwestern Energy were worth $326,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in SWN. Industrial Alliance Investment Management Inc. acquired a new stake in Southwestern Energy during the 4th quarter worth $34,000. Quintet Private Bank Europe S.A. purchased a new stake in shares of Southwestern Energy in the first quarter valued at about $38,000. Chilton Capital Management LLC acquired a new stake in shares of Southwestern Energy during the first quarter worth about $38,000. Spire Wealth Management grew its holdings in shares of Southwestern Energy by 59.4% during the first quarter. Spire Wealth Management now owns 8,047 shares of the energy company’s stock worth $40,000 after buying an additional 3,000 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. acquired a new position in Southwestern Energy in the 1st quarter valued at about $48,000. 88.00% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the company. Wolfe Research upgraded Southwestern Energy from an “underperform” rating to an “outperform” rating and set a $8.00 target price on the stock in a research note on Friday, November 10th. Bank of America lifted their price objective on shares of Southwestern Energy from $14.00 to $15.00 in a research report on Wednesday, September 27th. Stifel Nicolaus upped their price objective on shares of Southwestern Energy from $7.50 to $8.00 and gave the stock a “buy” rating in a research report on Friday, August 11th. Mizuho boosted their price target on shares of Southwestern Energy from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Monday, September 18th. Finally, UBS Group increased their price target on shares of 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 issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $7.77.
Southwestern Energy Price Performance
Shares of NYSE SWN opened at $6.76 on Tuesday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average price is $6.70 and its 200 day moving average price is $6.16. Southwestern Energy has a 52 week low of $4.57 and a 52 week high of $7.69. The stock has a market cap of $7.44 billion, a price-to-earnings ratio of 1.46 and a beta of 1.39.
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.
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