Southwestern Energy Company (SWN) Position Increased by Municipal Employees Retirement System of Michigan

Southwestern Energy Company (SWN) Position Increased by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan raised its position in shares of Southwestern Energy Company (NYSE:SWN) by 22.8% during the third quarter, Holdings Channel reports. The institutional investor owned 15,010 shares of the energy company’s stock after buying an additional 2,790 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Southwestern Energy Company were worth $208,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Capital Research Global Investors increased 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 in the last quarter. Vanguard Group Inc. increased 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 in the last quarter. State Street Corp increased 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 in the last quarter. Capital World Investors increased 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 in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased 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 in the last quarter. Institutional investors own 98.49% of the company’s stock.

Southwestern Energy Company (NYSE:SWN) traded down 3.78% during trading on Friday, reaching $9.42. The company’s stock had a trading volume of 11,147,359 shares. The stock has a 50-day moving average of $10.36 and a 200 day moving average of $12.30. The firm’s market capitalization is $4.60 billion. Southwestern Energy Company has a one year low of $5.30 and a one year high of $15.59.

A number of equities analysts recently commented on SWN shares. Robert W. Baird upgraded Southwestern Energy Company from a “market perform” rating to an “outperform” rating and set a $18.00 target price for the company in a report on Monday, November 28th. BMO Capital Markets upgraded Southwestern Energy Company from a “market perform” rating to an “outperform” rating and set a $18.00 price objective for the company in a report on Monday, November 28th. They noted that the move was a valuation call. Bank of America Corporation downgraded Southwestern Energy Company from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $16.00 to $9.00 in a report on Wednesday, January 4th. Tudor Pickering downgraded Southwestern Energy Company from a “buy” rating to a “hold” rating in a report on Friday, December 2nd. Finally, Credit Suisse Group assumed coverage on Southwestern Energy Company in a report on Wednesday. They issued an “underperform” rating and a $47.00 price objective for the company. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Southwestern Energy Company presently has an average rating of “Hold” and a consensus target price of $14.42.

In other news, insider Robert Craig Owen sold 37,500 shares of the company’s stock in a transaction dated 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 $1,242,150.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jennifer N. Mccauley sold 3,611 shares of the company’s stock in a transaction dated 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 corporate 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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