Teachers Retirement System of The State of Kentucky Buys 340,000 Shares of Southwestern Energy (NYSE:SWN)

Teachers Retirement System of The State of Kentucky lifted its stake in shares of Southwestern Energy (NYSE:SWN) by 19.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,129,629 shares of the energy company’s stock after acquiring an additional 340,000 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.19% of Southwestern Energy worth $14,332,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Water Island Capital LLC boosted its holdings in Southwestern Energy by 5.8% during the second quarter. Water Island Capital LLC now owns 193,851 shares of the energy company’s stock worth $1,305,000 after purchasing an additional 10,611 shares during the last quarter. Creative Planning boosted its holdings in Southwestern Energy by 9.1% during the second quarter. Creative Planning now owns 76,184 shares of the energy company’s stock worth $513,000 after purchasing an additional 6,341 shares during the last quarter. Susquehanna Fundamental Investments LLC boosted its holdings in Southwestern Energy by 384.7% during the second quarter. Susquehanna Fundamental Investments LLC now owns 1,445,287 shares of the energy company’s stock worth $9,727,000 after purchasing an additional 1,147,107 shares during the last quarter. Millennium Management LLC boosted its holdings in Southwestern Energy by 97.0% during the second quarter. Millennium Management LLC now owns 24,923,413 shares of the energy company’s stock worth $167,735,000 after purchasing an additional 12,270,110 shares during the last quarter. Finally, Absolute Gestao de Investimentos Ltda. boosted its holdings in Southwestern Energy by 267.9% during the second quarter. Absolute Gestao de Investimentos Ltda. now owns 6,438,626 shares of the energy company’s stock worth $43,332,000 after purchasing an additional 4,688,626 shares during the last quarter. Institutional investors own 86.97% of the company’s stock.

Southwestern Energy Stock Performance

Shares of NYSE SWN opened at $7.11 on Wednesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.53 and a quick ratio of 0.53. The stock’s fifty day moving average price is $6.36 and its two-hundred day moving average price is $6.91. Southwestern Energy has a one year low of $5.85 and a one year high of $7.80. The firm has a market cap of $7.84 billion, a price-to-earnings ratio of -4.09 and a beta of 1.12.

Southwestern Energy (NYSE:SWN) last issued its quarterly earnings data on Thursday, August 1st. The energy company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Southwestern Energy had a positive return on equity of 10.55% and a negative net margin of 48.91%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the firm posted $0.09 EPS. The company’s revenue for the quarter was down 14.7% on a year-over-year basis. On average, equities analysts forecast that Southwestern Energy will post 0.56 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SWN shares. UBS Group reduced their target price on shares of Southwestern Energy from $7.50 to $7.00 and set a “neutral” rating for the company in a report on Wednesday, September 18th. Susquehanna reduced their target price on shares of Southwestern Energy from $7.00 to $6.50 and set a “neutral” rating for the company in a report on Monday, August 19th. Piper Sandler reduced their target price on shares of Southwestern Energy from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. Scotiabank cut their price target 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, Wolfe Research assumed coverage on shares of 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 given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $7.98.

Southwestern Energy 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.