Nomura Holdings Inc. Sells 5,041 Shares of Southwestern Energy Company (SWN)

Nomura Holdings Inc. cut its stake in Southwestern Energy Company (NYSE:SWN) by 6.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 78,428 shares of the energy company’s stock after selling 5,041 shares during the period. Nomura Holdings Inc.’s holdings in Southwestern Energy Company were worth $640,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Creative Planning increased its position in Southwestern Energy Company by 26.1% in the first quarter. Creative Planning now owns 25,448 shares of the energy company’s stock valued at $208,000 after buying an additional 5,266 shares during the last quarter. Meadow Creek Investment Management LLC increased its position in Southwestern Energy Company by 35.2% in the first quarter. Meadow Creek Investment Management LLC now owns 47,322 shares of the energy company’s stock valued at $387,000 after buying an additional 12,320 shares during the last quarter. Comerica Bank increased its position in Southwestern Energy Company by 4.6% in the fourth quarter. Comerica Bank now owns 151,482 shares of the energy company’s stock valued at $1,521,000 after buying an additional 6,600 shares during the last quarter. Tobam increased its position in Southwestern Energy Company by 23.1% in the first quarter. Tobam now owns 2,923,977 shares of the energy company’s stock valued at $23,889,000 after buying an additional 548,439 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in Southwestern Energy Company by 3.1% in the first quarter. Prudential Financial Inc. now owns 1,148,412 shares of the energy company’s stock valued at $9,383,000 after buying an additional 34,500 shares during the last quarter. Hedge funds and other institutional investors own 93.69% of the company’s stock.

Institutional Ownership by Quarter for Southwestern Energy Company (NYSE:SWN)

Shares of Southwestern Energy Company (NYSE SWN) traded down 1.53% during trading on Tuesday, hitting $5.78. 16,677,138 shares of the stock were exchanged. The firm has a 50 day moving average price of $6.68 and a 200 day moving average price of $8.42. Southwestern Energy Company has a 52 week low of $5.58 and a 52 week high of $15.59. The firm’s market capitalization is $2.86 billion.

Southwestern Energy Company (NYSE:SWN) last posted its quarterly earnings results on Thursday, April 27th. The energy company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. Southwestern Energy Company had a negative net margin of 43.91% and a positive return on equity of 17.89%. The company had revenue of $846 million for the quarter, compared to the consensus estimate of $765.03 million. During the same period last year, the company posted ($0.08) EPS. The firm’s quarterly revenue was up 46.1% compared to the same quarter last year. Analysts forecast that Southwestern Energy Company will post $0.68 EPS for the current fiscal year.

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Several research firms have recently issued reports on SWN. Royal Bank Of Canada set a $10.00 price objective on shares of Southwestern Energy Company and gave the stock a “hold” rating in a report on Saturday, June 10th. Iberia Capital boosted their price objective on shares of Southwestern Energy Company from $9.00 to $10.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 2nd. National Securities restated a “buy” rating and set a $14.00 price objective on shares of Southwestern Energy Company in a report on Monday, May 1st. Barclays PLC restated an “equal weight” rating and set a $9.00 price objective (down previously from $10.00) on shares of Southwestern Energy Company in a report on Saturday, April 22nd. Finally, Cowen and Company upgraded shares of Southwestern Energy Company from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from $14.00 to $11.00 in a report on Wednesday, April 19th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $13.94.

About Southwestern Energy Company

Southwestern Energy Company is an energy company engaged in natural gas and oil exploration, development and production. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. Its operations in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale.

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