20,510 Shares in Southwestern Energy (NYSE:SWN) Bought by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC acquired a new position in shares of Southwestern Energy (NYSE:SWNFree Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 20,510 shares of the energy company’s stock, valued at approximately $132,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Southwestern Energy by 7.9% during the first quarter. Vanguard Group Inc. now owns 128,222,158 shares of the energy company’s stock worth $919,352,000 after acquiring an additional 9,410,861 shares during the period. State Street Corp raised its position 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 worth $401,047,000 after acquiring an additional 9,882,224 shares during the period. Renaissance Technologies LLC raised its position in Southwestern Energy by 11.5% during the second quarter. Renaissance Technologies LLC now owns 28,443,927 shares of the energy company’s stock worth $170,948,000 after acquiring an additional 2,930,002 shares during the period. Kopernik Global Investors LLC raised its position in Southwestern Energy by 9.0% during the second quarter. Kopernik Global Investors LLC now owns 22,926,252 shares of the energy company’s stock worth $137,787,000 after acquiring an additional 1,901,238 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in Southwestern Energy by 4,550.6% during the first 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 during the period. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Southwestern Energy Trading Down 2.6 %

Shares of SWN stock opened at $6.48 on Thursday. 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 firm has a market cap of $7.13 billion, a PE ratio of 1.40 and a beta of 1.18. The company has a 50-day moving average of $6.59 and a two-hundred day moving average of $6.55. Southwestern Energy has a 1-year low of $4.57 and a 1-year high of $7.69.

Southwestern Energy (NYSE:SWNGet Free Report) last announced its earnings results on Thursday, November 2nd. The energy company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.02. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. Southwestern Energy had a net margin of 62.31% and a return on equity of 14.13%. On average, analysts predict that Southwestern Energy will post 0.62 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Southwestern Energy in a research report on Thursday, October 5th. They set a “hold” rating for the company. Truist Financial increased their target price on shares of Southwestern Energy from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Mizuho cut shares of Southwestern Energy from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $9.00 to $6.00 in a research report on Wednesday, January 3rd. Citigroup increased their target price on shares of Southwestern Energy from $8.00 to $8.24 and gave the company a “buy” rating in a research report on Friday, January 12th. Finally, Wolfe Research upgraded shares of Southwestern Energy from an “underperform” rating to an “outperform” rating and set a $8.00 target price for the company in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $7.74.

Get Our Latest Stock Analysis on Southwestern Energy

Southwestern Energy Profile

(Free Report)

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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Institutional Ownership by Quarter for Southwestern Energy (NYSE:SWN)

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