Mackay Shields LLC Invests $1.08 Million in Southwestern Energy (SWN)

Mackay Shields LLC acquired a new position in Southwestern Energy (NYSE:SWN) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 250,161 shares of the energy company’s stock, valued at approximately $1,083,000.

A number of other hedge funds have also recently modified their holdings of the business. Encompass Capital Advisors LLC lifted its holdings in Southwestern Energy by 10.9% in the 4th quarter. Encompass Capital Advisors LLC now owns 8,800,000 shares of the energy company’s stock worth $49,104,000 after buying an additional 862,553 shares in the last quarter. Disciplined Growth Investors Inc. MN lifted its holdings in Southwestern Energy by 0.8% in the 4th quarter. Disciplined Growth Investors Inc. MN now owns 6,879,426 shares of the energy company’s stock worth $38,387,000 after buying an additional 51,514 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Southwestern Energy by 10.0% in the 4th quarter. Bank of New York Mellon Corp now owns 6,678,572 shares of the energy company’s stock valued at $37,267,000 after purchasing an additional 604,783 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Southwestern Energy by 1.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,479,965 shares of the energy company’s stock valued at $19,419,000 after purchasing an additional 45,986 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in shares of Southwestern Energy by 22.0% in the 1st quarter. Wedge Capital Management L L P NC now owns 3,311,976 shares of the energy company’s stock valued at $14,341,000 after purchasing an additional 597,023 shares in the last quarter. Hedge funds and other institutional investors own 86.32% of the company’s stock.

NYSE SWN remained flat at $$5.20 on Thursday. 14,947,752 shares of the company’s stock traded hands, compared to its average volume of 20,908,439. Southwestern Energy has a 1 year low of $3.42 and a 1 year high of $6.72. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 2.00. The company has a market cap of $3.00 billion, a PE ratio of 11.82 and a beta of 0.83.

Southwestern Energy (NYSE:SWN) last posted its earnings results on Thursday, April 26th. The energy company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. Southwestern Energy had a net margin of 25.51% and a return on equity of 19.14%. The firm had revenue of $920.00 million during the quarter, compared to analysts’ expectations of $895.65 million. During the same quarter in the prior year, the firm earned $0.18 EPS. equities research analysts anticipate that Southwestern Energy will post 0.78 earnings per share for the current year.

SWN has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Southwestern Energy from a “sell” rating to a “hold” rating in a research note on Friday, March 16th. Morgan Stanley upped their target price on shares of Southwestern Energy from $2.00 to $2.50 and gave the company an “underweight” rating in a research note on Monday, April 30th. ValuEngine lowered shares of Southwestern Energy from a “sell” rating to a “strong sell” rating in a research note on Monday. Jefferies Financial Group restated a “hold” rating and issued a $5.00 target price on shares of Southwestern Energy in a research note on Monday, March 19th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $4.30 target price on shares of Southwestern Energy in a research note on Friday, June 1st. Eight investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $6.04.

Southwestern Energy Company Profile

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas and oil in the United States. It operates through two segments, Exploration and Production, and Midstream. The company focuses on the Marcellus Shale, an unconventional natural gas reservoir covering approximately 191,226 net acres in Northeast Appalachia; Marcellus Shale, Utica, and Upper Devonian unconventional natural gas and oil reservoirs covering approximately 290,291 net acres in Southwest Appalachia; and the Fayetteville Shale, an unconventional natural gas reservoir covering approximately 917,842 net acres in Arkansas.

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

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