Amalgamated Bank Sells 60,892 Shares of Southwestern Energy (NYSE:SWN)

Amalgamated Bank lessened its stake in shares of Southwestern Energy (NYSE:SWN – Free Report) by 8.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 690,062 shares of the energy company’s stock after selling 60,892 shares during the quarter. Amalgamated Bank’s holdings in Southwestern Energy were worth $4,644,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have recently made changes to their positions in the company. Magnetar Financial LLC raised its holdings in Southwestern Energy by 3,468.3% in the first quarter. Magnetar Financial LLC now owns 12,360,286 shares of the energy company’s stock worth $93,691,000 after buying an additional 12,013,898 shares in the last quarter. KRYGER CAPITAL Ltd bought a new position in shares of Southwestern Energy in the first quarter valued at about $76,543,000. Dimensional Fund Advisors LP boosted its holdings in shares of Southwestern Energy by 21.8% in the second 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 in the last quarter. Price T Rowe Associates Inc. MD grew its position in Southwestern Energy by 14.4% in the first 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 in the last quarter. Finally, Calamos Advisors LLC increased its holdings in Southwestern Energy by 269.1% during the 2nd quarter. Calamos Advisors LLC now owns 6,284,615 shares of the energy company’s stock, valued at $42,295,000 after bought another 4,581,834 shares in the last quarter. 86.97% of shares are held by institutional investors.

Analyst upgrades and downgrades

A number of equities analysts have commented on the company. UBS Group reduced their price objective on Southwestern Energy from $7.50 to $7.00 and set a “neutral” rating on the stock in a research note on Wednesday. Susquehanna cut their price target on shares of Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating on the stock in a research report on Monday, August 19th. Wolfe Research began coverage on shares of Southwestern Energy in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Scotiabank decreased their target price on shares of Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 20th. Finally, Piper Sandler cut their price target 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. One investment 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $8.56.

Check out the latest stock analysis on Southwestern Energy

Southwest Energy Price Performance

Shares of SWN stock opened at $6.72 on Friday. The stock has a market cap of $7.41 billion, a P/E ratio of -3.86 and a beta of 1.12. Southwestern Energy has a 1 year low of $5.85 and a 1 year high of $7.80. The stock’s 50-day moving average price is $6.32, and its two-hundred-day moving average price is $6.91. The company has a current ratio of 0.53, a quick ratio of 0.53, and a debt-to-equity ratio of 1.01.

Southwestern Energy (NYSE:SWN – Get Your Free Report ) last issued its quarterly earnings data on Thursday, August 1st. The energy company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. Southwestern Energy had a negative net margin of 48.91% and a positive return on equity of 10.55%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.12 billion. In the same quarter last year, the firm earned $0.09 EPS. Southwestern Energy’s quarterly revenue was down 14.7% compared to the same quarter last year. On average, equities analysts anticipate that Southwestern Energy will post 0.57 earnings per share for the current year.

Southwestern Energy Company 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 (NGL) 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.

See Also

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