Bank of New York Mellon Corp Trims Holdings in Southwestern Energy (NYSE:SWN)

Bank of New York Mellon Corp trimmed its stake in Southwestern Energy (NYSE:SWN) by 1.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 10,888,230 shares of the energy company’s stock after selling 112,674 shares during the period. Bank of New York Mellon Corp’s holdings in Southwestern Energy were worth $73,278,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Calamos Advisors LLC raised its stake in shares of Southwestern Energy by 269.1% in the 2nd quarter. Calamos Advisors LLC now owns 6,284,615 shares of the energy company’s stock valued at $42,295,000 after acquiring an additional 4,581,834 shares during the period. Joule Financial LLC raised its stake in shares of Southwestern Energy by 3.4% in the 2nd quarter. Joule Financial LLC now owns 55,421 shares of the energy company’s stock valued at $373,000 after acquiring an additional 1,806 shares during the period. Fifth Third Wealth Advisors LLC raised its stake in shares of Southwestern Energy by 296.2% in the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 73,328 shares of the energy company’s stock valued at $493,000 after acquiring an additional 54,818 shares during the period. TCW Group Inc. raised its stake in shares of Southwestern Energy by 70.0% in the 2nd quarter. TCW Group Inc. now owns 136,047 shares of the energy company’s stock valued at $916,000 after acquiring an additional 56,010 shares during the period. Finally, Everpar Advisors LLC purchased a new stake in Southwestern Energy during the 2nd quarter worth approximately $112,000. 86.97% of the stock is owned by hedge funds and other institutional investors.

Southwestern Energy Trading Up 2.6 %

NYSE SWN opened at $6.36 on Friday. 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 52 week low of $5.85 and a 52 week high of $7.80. The stock has a market capitalization of $7.01 billion, a PE ratio of -3.66 and a beta of 1.17. The firm has a 50 day moving average of $6.51 and a two-hundred day moving average of $6.97.

Southwestern Energy (NYSE:SWN) last issued its earnings results on Thursday, August 1st. The energy company reported $0.10 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the business posted $0.09 EPS. The company’s revenue for the quarter was down 14.7% on a year-over-year basis. As a group, research analysts expect that Southwestern Energy will post 0.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SWN shares. Susquehanna cut their target price on shares of Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating on the stock in a research note on Monday, August 19th. Scotiabank cut their target price on shares of Southwestern Energy from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 20th. StockNews.com started coverage on shares of Southwestern Energy in a research note on Monday. They set a “hold” rating on the stock. Wolfe Research started coverage on shares of Southwestern Energy in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, Piper Sandler cut their target price 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. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $8.50.

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.