Cannell & Co. Has $526,000 Stock Holdings in Southwestern Energy (NYSE:SWN)

Cannell & Co. reduced its stake in shares of Southwestern Energy (NYSE:SWN) by 22.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 87,500 shares of the energy company’s stock after selling 25,840 shares during the quarter. Cannell & Co.’s holdings in Southwestern Energy were worth $526,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SWN. Parallel Advisors LLC increased its holdings in Southwestern Energy by 50.8% in the 1st quarter. Parallel Advisors LLC now owns 6,653 shares of the energy company’s stock valued at $33,000 after buying an additional 2,240 shares during the period. Industrial Alliance Investment Management Inc. acquired a new position in Southwestern Energy during the fourth quarter valued at approximately $34,000. Quintet Private Bank Europe S.A. bought a new stake in Southwestern Energy during the first quarter worth $38,000. Chilton Capital Management LLC bought a new position in shares of Southwestern Energy in the 1st quarter valued at $38,000. Finally, Spire Wealth Management raised its holdings in shares of Southwestern Energy by 59.4% during the 1st quarter. Spire Wealth Management now owns 8,047 shares of the energy company’s stock worth $40,000 after buying an additional 3,000 shares in the last quarter. Institutional investors own 88.00% of the company’s stock.

Southwestern Energy Stock Performance

NYSE:SWN opened at $6.67 on Wednesday. Southwestern Energy has a 52 week low of $4.57 and a 52 week high of $7.69. The firm’s fifty day moving average is $6.68 and its 200-day moving average is $6.10. The firm has a market cap of $7.34 billion, a P/E ratio of 1.44 and a beta of 1.39. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.59 and a current ratio of 0.59.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SWN shares. Bank of America lifted their target price on Southwestern Energy from $14.00 to $15.00 in a research report on Wednesday, September 27th. Stifel Nicolaus upped their price objective on shares of Southwestern Energy from $7.50 to $8.00 and gave the stock a “buy” rating in a research report on Friday, August 11th. Mizuho raised their target price on shares of Southwestern Energy from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Monday, September 18th. UBS Group upped their price target on shares of Southwestern Energy from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Thursday, August 17th. Finally, Truist Financial boosted their price objective on Southwestern Energy from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $7.77.

Southwestern Energy Company 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.