Fort Washington Investment Advisors Inc. OH Purchases New Position in Southwestern Energy (NYSE:SWN)

Fort Washington Investment Advisors Inc. OH purchased a new stake in Southwestern Energy (NYSE:SWN) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 45,000 shares of the energy company’s stock, valued at approximately $295,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake 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 valued at $919,352,000 after buying an additional 9,410,861 shares during the last quarter. State Street Corp lifted its stake in Southwestern Energy by 21.5% in 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. FMR LLC lifted its stake in Southwestern Energy by 32.3% in the third quarter. FMR LLC now owns 39,784,990 shares of the energy company’s stock valued at $256,613,000 after buying an additional 9,709,483 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Southwestern Energy by 11.5% in the second quarter. Renaissance Technologies LLC now owns 28,443,927 shares of the energy company’s stock valued at $170,948,000 after buying an additional 2,930,002 shares during the last quarter. Finally, Kopernik Global Investors LLC lifted its stake in Southwestern Energy by 9.0% in the second quarter. Kopernik Global Investors LLC now owns 22,926,252 shares of the energy company’s stock valued at $137,787,000 after buying an additional 1,901,238 shares during 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 subject of a number of research reports. JPMorgan Chase & Co. upgraded Southwestern Energy from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $7.00 to $8.50 in a research note on Wednesday, December 6th. StockNews.com initiated coverage on Southwestern Energy in a report on Wednesday. They set a “hold” rating for the company. Citigroup boosted their price objective on shares of Southwestern Energy from $8.00 to $8.24 and gave the company a “buy” rating in a research note on Friday, January 12th. Susquehanna raised their target price on shares of Southwestern Energy from $6.50 to $7.00 and gave the stock a “neutral” rating in a research note on Monday, March 4th. Finally, UBS Group boosted their price target on shares of Southwestern Energy from $6.00 to $6.25 and gave the stock a “neutral” rating in a research note on Thursday, January 18th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Southwestern Energy presently has a consensus rating of “Hold” and a consensus target price of $7.86.

Southwestern Energy Trading Up 2.4 %

Shares of SWN opened at $7.51 on Thursday. The firm’s 50-day moving average is $6.79 and its two-hundred day moving average is $6.69. Southwestern Energy has a twelve month low of $4.57 and a twelve month high of $7.69. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $8.27 billion, a P/E ratio of 5.32 and a beta of 1.12.

Southwestern Energy (NYSE:SWN) last released its quarterly earnings results on Thursday, February 22nd. The energy company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The business had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Southwestern Energy had a return on equity of 11.74% and a net margin of 23.87%. The company’s revenue was down 49.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 EPS. On average, research analysts predict that Southwestern Energy will post 0.71 earnings per share for the current fiscal year.

Southwestern Energy Company 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.