The 40,820 Shares in Southwestern Energy Company (SWN) Acquired by Natixis Asset Management

The 40,820 Shares in Southwestern Energy Company (SWN) Acquired by Natixis Asset Management

Natixis Asset Management bought a new position in Southwestern Energy Company (NYSE:SWN) during the third quarter, Holdings Channel reports. The firm bought 40,820 shares of the energy company’s stock, valued at approximately $565,000.

Other hedge funds have also recently bought and sold shares of the company. Capital Research Global Investors raised its position in shares of Southwestern Energy Company by 25.7% in the second quarter. Capital Research Global Investors now owns 55,881,426 shares of the energy company’s stock worth $702,988,000 after buying an additional 11,428,991 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Southwestern Energy Company by 23.2% in the second quarter. Vanguard Group Inc. now owns 43,459,895 shares of the energy company’s stock worth $546,724,000 after buying an additional 8,190,765 shares during the last quarter. State Street Corp raised its position in shares of Southwestern Energy Company by 3.8% in the second quarter. State Street Corp now owns 23,670,239 shares of the energy company’s stock worth $297,763,000 after buying an additional 870,008 shares during the last quarter. Capital World Investors raised its position in shares of Southwestern Energy Company by 1.1% in the second quarter. Capital World Investors now owns 13,522,269 shares of the energy company’s stock worth $170,110,000 after buying an additional 141,587 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Southwestern Energy Company by 12.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 11,754,835 shares of the energy company’s stock worth $147,876,000 after buying an additional 1,261,839 shares during the last quarter. 97.63% of the stock is currently owned by institutional investors and hedge funds.

Shares of Southwestern Energy Company (NYSE:SWN) traded up 0.10% during trading on Wednesday, reaching $9.69. 13,182,715 shares of the company’s stock traded hands. The stock’s market cap is $4.74 billion. Southwestern Energy Company has a one year low of $5.30 and a one year high of $15.59. The company has a 50 day moving average price of $10.95 and a 200-day moving average price of $12.47.

Southwestern Energy Company (NYSE:SWN) last released its quarterly earnings data on Thursday, October 20th. The energy company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.04. Southwestern Energy Company had a negative return on equity of 2.58% and a negative net margin of 187.25%. The company earned $651 million during the quarter. During the same quarter in the previous year, the company posted $0.01 EPS. The company’s quarterly revenue was down 13.1% on a year-over-year basis. On average, equities research analysts expect that Southwestern Energy Company will post ($0.01) EPS for the current fiscal year.

SWN has been the subject of a number of research reports. GMP Securities initiated coverage on shares of Southwestern Energy Company in a research note on Wednesday, September 28th. They issued a “hold” rating and a $11.00 price objective for the company. Mizuho initiated coverage on shares of Southwestern Energy Company in a research note on Wednesday, October 5th. They issued a “buy” rating and a $20.00 price objective for the company. KLR Group raised shares of Southwestern Energy Company from a “hold” rating to an “accumulate” rating and set a $15.00 price objective for the company in a research note on Tuesday, October 18th. Jefferies Group set a $10.00 price objective on shares of Southwestern Energy Company and gave the company a “sell” rating in a research note on Tuesday, October 18th. Finally, National Securities reaffirmed a “buy” rating on shares of Southwestern Energy Company in a research note on Monday, October 24th. Six research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $13.07.

In other Southwestern Energy Company news, insider Robert Craig Owen sold 37,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $12.22, for a total value of $458,250.00. Following the sale, the insider now owns 101,649 shares in the company, valued at approximately $1,242,150.78. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Jennifer N. Mccauley sold 3,611 shares of the company’s stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $12.61, for a total value of $45,534.71. Following the completion of the sale, the senior vice president now owns 21,399 shares in the company, valued at approximately $269,841.39. The disclosure for this sale can be found here. 1.16% of the stock is owned by company insiders.

About Southwestern Energy Company

Southwestern Energy Company is an independent 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 are focused on the development of unconventional natural gas reservoirs located in Pennsylvania, West Virginia and Arkansas.

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