Southwestern Energy (NYSE:SWN) Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia reduced its stake in shares of Southwestern Energy (NYSE:SWNGet Rating) by 32.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,893 shares of the energy company’s stock after selling 11,453 shares during the period. Bank of Nova Scotia’s holdings in Southwestern Energy were worth $149,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Texas Permanent School Fund grew its stake in Southwestern Energy by 2.1% during the second quarter. Texas Permanent School Fund now owns 806,749 shares of the energy company’s stock worth $5,042,000 after buying an additional 16,747 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its stake in Southwestern Energy by 115.7% in the second quarter. Y Intercept Hong Kong Ltd now owns 269,906 shares of the energy company’s stock valued at $1,687,000 after acquiring an additional 144,753 shares during the last quarter. M&T Bank Corp lifted its stake in Southwestern Energy by 354.3% in the second quarter. M&T Bank Corp now owns 55,714 shares of the energy company’s stock valued at $349,000 after acquiring an additional 43,451 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Southwestern Energy by 366.0% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,211,475 shares of the energy company’s stock worth $26,322,000 after buying an additional 3,307,792 shares during the last quarter. Finally, Granby Capital Management LLC acquired a new stake in shares of Southwestern Energy during the 2nd quarter worth about $1,875,000. Institutional investors and hedge funds own 82.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on SWN shares. StockNews.com began coverage on shares of Southwestern Energy in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Truist Financial upgraded shares of Southwestern Energy from a “hold” rating to a “buy” rating and boosted their price target for the stock from $7.00 to $11.00 in a research report on Monday, October 3rd. Morgan Stanley dropped their target price on shares of Southwestern Energy from $8.00 to $7.50 and set an “equal weight” rating on the stock in a research report on Monday, August 29th. Jefferies Financial Group initiated coverage on shares of Southwestern Energy in a research note on Wednesday, October 19th. They issued a “buy” rating and a $11.00 target price for the company. Finally, Scotiabank raised shares of Southwestern Energy from a “sector perform” rating to a “sector outperform” rating and set a $9.50 price target on the stock in a report on Monday, July 25th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $10.16.

Southwestern Energy Trading Up 2.1 %

SWN stock opened at $6.78 on Tuesday. The company has a market capitalization of $7.56 billion, a price-to-earnings ratio of 4.99 and a beta of 1.26. Southwestern Energy has a 1-year low of $3.81 and a 1-year high of $9.87. The business has a 50 day simple moving average of $6.79 and a two-hundred day simple moving average of $7.11. The company has a debt-to-equity ratio of 3.43, a current ratio of 0.37 and a quick ratio of 0.37.

Southwestern Energy (NYSE:SWNGet Rating) last issued its quarterly earnings data on Friday, October 28th. The energy company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. Southwestern Energy had a return on equity of 122.25% and a net margin of 8.98%. The company had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the company earned $0.24 earnings per share. The firm’s revenue for the quarter was up 184.2% compared to the same quarter last year. Research analysts anticipate that Southwestern Energy will post 1.34 EPS for the current fiscal year.

Southwestern Energy Company Profile

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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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