Blue Trust Inc. Has $187,000 Holdings in Southwestern Energy (NYSE:SWN)

Blue Trust Inc. boosted its position in shares of Southwestern Energy (NYSE:SWN) by 71.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 27,798 shares of the energy company’s stock after purchasing an additional 11,623 shares during the period. Blue Trust Inc.’s holdings in Southwestern Energy were worth $187,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SWN. Fruth Investment Management boosted its stake in Southwestern Energy by 14.4% in the first quarter. Fruth Investment Management now owns 12,236 shares of the energy company’s stock valued at $92,000 after buying an additional 1,536 shares in the last quarter. Joule Financial LLC lifted its holdings in shares of Southwestern Energy by 3.4% in the second quarter. Joule Financial LLC now owns 55,421 shares of the energy company’s stock worth $373,000 after acquiring an additional 1,806 shares during the last quarter. Confluence Investment Management LLC boosted its stake in shares of Southwestern Energy by 2.1% in the 2nd quarter. Confluence Investment Management LLC now owns 88,912 shares of the energy company’s stock valued at $598,000 after purchasing an additional 1,825 shares in the last quarter. TD Asset Management Inc grew its holdings in shares of Southwestern Energy by 0.4% during the 2nd quarter. TD Asset Management Inc now owns 590,130 shares of the energy company’s stock valued at $3,972,000 after purchasing an additional 2,130 shares during the last quarter. Finally, UMB Bank n.a. increased its position in Southwestern Energy by 340.6% during the 3rd quarter. UMB Bank n.a. now owns 3,450 shares of the energy company’s stock worth $25,000 after purchasing an additional 2,667 shares in the last quarter. 86.97% of the stock is owned by institutional investors.

Southwestern Energy Stock Performance

SWN opened at $7.11 on Friday. The stock has a market cap of $7.84 billion, a PE ratio of -4.09 and a beta of 1.12. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.01. Southwestern Energy has a twelve month low of $5.85 and a twelve month high of $7.80. The company has a fifty day moving average of $6.67 and a 200-day moving average of $6.87.

Southwestern Energy (NYSE:SWN) last issued its quarterly earnings results on Thursday, August 1st. The energy company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.12 billion. Southwestern Energy had a positive return on equity of 10.55% and a negative net margin of 48.91%. The business’s revenue was down 14.7% compared to the same quarter last year. During the same period last year, the business posted $0.09 EPS. On average, sell-side analysts predict that Southwestern Energy will post 0.56 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. UBS Group cut their target price on shares of Southwestern Energy from $7.50 to $7.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 18th. StockNews.com started coverage on Southwestern Energy in a report on Saturday. They set a “sell” rating on the stock. Piper Sandler lowered their target price on Southwestern Energy from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. Susquehanna cut their price target on Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating on the stock in a research note on Monday, August 19th. Finally, Wolfe Research assumed coverage on Southwestern Energy in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $7.98.

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.