Lmcg Investments LLC Decreases Holdings in Southwestern Energy (NYSE:SWN)

Lmcg Investments LLC trimmed its holdings in shares of Southwestern Energy (NYSE:SWN) by 27.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 14,000 shares of the energy company’s stock after selling 5,200 shares during the quarter. Lmcg Investments LLC’s holdings in Southwestern Energy were worth $100,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Millennium Management LLC raised its position in Southwestern Energy by 97.0% in the 2nd quarter. Millennium Management LLC now owns 24,923,413 shares of the energy company’s stock worth $167,735,000 after purchasing an additional 12,270,110 shares during the period. Magnetar Financial LLC raised its position in Southwestern Energy by 3,468.3% in the 1st quarter. Magnetar Financial LLC now owns 12,360,286 shares of the energy company’s stock worth $93,691,000 after purchasing an additional 12,013,898 shares during the period. KRYGER CAPITAL Ltd purchased a new stake in Southwestern Energy in the 1st quarter worth about $76,543,000. Dimensional Fund Advisors LP raised its position in Southwestern Energy by 21.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 48,926,369 shares of the energy company’s stock worth $329,276,000 after purchasing an additional 8,741,562 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in Southwestern Energy by 14.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,364,192 shares of the energy company’s stock worth $298,381,000 after purchasing an additional 4,968,002 shares during the period. 86.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SWN has been the topic of a number of research reports. StockNews.com initiated coverage on shares of Southwestern Energy in a research report on Sunday. They set a “sell” rating on the stock. Wolfe Research started coverage on shares of Southwestern Energy in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Piper Sandler dropped their price objective on shares of Southwestern Energy from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. Scotiabank dropped their price objective on shares of Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 20th. Finally, Susquehanna dropped their price objective on shares of Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating on the stock in a research note on Monday, August 19th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $7.98.

Southwestern Energy Price Performance

Shares of SWN opened at $7.11 on Friday. Southwestern Energy has a twelve month low of $5.85 and a twelve month high of $7.80. The company has a 50 day moving average of $6.75 and a two-hundred day moving average of $6.87. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.01. The company has a market cap of $7.84 billion, a price-to-earnings ratio of -4.09 and a beta of 1.12.

Southwestern Energy (NYSE:SWN) last announced its quarterly earnings data on Thursday, August 1st. The energy company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.12 billion. Southwestern Energy had a negative net margin of 48.91% and a positive return on equity of 10.55%. The business’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 earnings per share. As a group, analysts predict that Southwestern Energy will post 0.56 earnings per share for the current fiscal year.

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.