Parkside Financial Bank & Trust Has $30,000 Stock Holdings in Southwestern Energy (NYSE:SWN)

Parkside Financial Bank & Trust raised its stake in shares of Southwestern Energy (NYSE:SWN) by 481.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,655 shares of the energy company’s stock after purchasing an additional 3,854 shares during the period. Parkside Financial Bank & Trust’s holdings in Southwestern Energy were worth $30,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SWN. FMR LLC grew its stake in shares of Southwestern Energy by 32.3% in the third quarter. FMR LLC now owns 39,784,990 shares of the energy company’s stock worth $256,613,000 after acquiring an additional 9,709,483 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Southwestern Energy by 13.7% in the third quarter. Invesco Ltd. now owns 22,735,475 shares of the energy company’s stock valued at $146,644,000 after buying an additional 2,744,656 shares during the last quarter. Kimmeridge Energy Management Company LLC bought a new position in shares of Southwestern Energy in the fourth quarter valued at about $120,352,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Southwestern Energy by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,241,070 shares of the energy company’s stock valued at $66,055,000 after buying an additional 295,760 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in Southwestern Energy by 4.9% during the 3rd quarter. AQR Capital Management LLC now owns 7,933,112 shares of the energy company’s stock worth $51,169,000 after purchasing an additional 370,652 shares during the last quarter. Institutional investors and hedge funds own 86.97% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on SWN. Susquehanna boosted their price objective on Southwestern Energy from $7.00 to $7.50 and gave the stock a “neutral” rating in a report on Monday, April 22nd. UBS Group boosted their target price on Southwestern Energy from $6.00 to $6.25 and gave the stock a “neutral” rating in a research report on Thursday, January 18th. Citigroup boosted their target price on Southwestern Energy from $8.00 to $8.24 and gave the stock a “buy” rating in a research report on Friday, January 12th. Mizuho upgraded Southwestern Energy from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $6.00 to $9.00 in a research report on Monday, February 26th. Finally, Seaport Res Ptn lowered Southwestern Energy from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Southwestern Energy presently has an average rating of “Hold” and a consensus price target of $8.14.

Southwestern Energy Price Performance

Shares of SWN opened at $7.71 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a 50 day simple moving average of $7.24 and a 200 day simple moving average of $6.86. Southwestern Energy has a 52-week low of $4.57 and a 52-week high of $7.73. The firm has a market capitalization of $8.49 billion, a PE ratio of 5.47 and a beta of 1.12.

Southwestern Energy (NYSE:SWN) last issued its quarterly earnings data on Thursday, February 22nd. The energy company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. Southwestern Energy had a return on equity of 11.74% and a net margin of 23.87%. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the firm earned $0.26 EPS. Southwestern Energy’s quarterly revenue was down 49.9% compared to the same quarter last year. Sell-side analysts predict that Southwestern Energy will post 0.57 EPS for the current fiscal 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.