Southwestern Energy Company (SWN) : State Of Tennessee Treasury Department reduced its stake in Southwestern Energy Company by 48.28% during the most recent quarter end. The investment management company now holds a total of 5,640,771 shares of Southwestern Energy Company which is valued at $63.5 Million after selling 5,265,296 shares in Southwestern Energy Company , the firm said in a disclosure report filed with the SEC on May 13, 2016.Southwestern Energy Company makes up approximately 0.37% of State Of Tennessee Treasury Department’s portfolio.
Other Hedge Funds, Including , Brown Brothers Harriman Co reduced its stake in SWN by selling 12,084,850 shares or 98.52% in the most recent quarter. The Hedge Fund company now holds 181,012 shares of SWN which is valued at $2 Million. Southwestern Energy Company makes up approx 0.01% of Brown Brothers Harriman Co’s portfolio.Edmond De Rothschild (europe) boosted its stake in SWN in the latest quarter, The investment management firm added 5,880 additional shares and now holds a total of 19,800 shares of Southwestern Energy Company which is valued at $222,948. Southwestern Energy Company makes up approx 0.12% of Edmond De Rothschild (europe)’s portfolio.Advisor Partners boosted its stake in SWN in the latest quarter, The investment management firm added 1,435 additional shares and now holds a total of 13,501 shares of Southwestern Energy Company which is valued at $152,021. Southwestern Energy Company makes up approx 0.06% of Advisor Partners’s portfolio. Amica Retiree Medical Trust sold out all of its stake in SWN during the most recent quarter. The investment firm sold 34,015 shares of SWN which is valued $401,037.Riverpark Capital Management boosted its stake in SWN in the latest quarter, The investment management firm added 163,718 additional shares and now holds a total of 292,902 shares of Southwestern Energy Company which is valued at $3.5 Million. Southwestern Energy Company makes up approx 2.04% of Riverpark Capital Management’s portfolio.
Southwestern Energy Company opened for trading at $12.29 and hit $13.28 on the upside on Wednesday, eventually ending the session at $13.13, with a gain of 6.83% or 0.84 points. The heightened volatility saw the trading volume jump to 1,50,74,227 shares. Company has a market cap of $5,156 M.
On the company’s financial health, Southwestern Energy Company reported $-0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $-0.20. The company had revenue of $579.00 million for the quarter, compared to analysts expectations of $561.50 million. The company’s revenue was down -37.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.
Many Wall Street Analysts have commented on Southwestern Energy Company. Southwestern Energy Company was Downgraded by KLR Group to ” Accumulate” on Apr 25, 2016. Company shares were Downgraded by UBS on Apr 19, 2016 to ” Sell”, Firm has raised the Price Target to $ 9 from a previous price target of $7 .Southwestern Energy Company was Downgraded by JP Morgan to ” Underweight” on Apr 15, 2016.
Southwestern Energy Company is an energy company engaged in natural gas and oil exploration development and production (E&P). The Company is focused on creating and capturing additional value through its natural gas gathering and marketing businesses which it refer to as Midstream Services. The Company conducts its business through subsidiaries. The Companys operations are focused within the United States on development of two natural gas reservoirs located in Arkansas and Pennsylvania. Its operations in Arkansas are focused on a natural gas reservoir Fayetteville Shale and its operations in northeast Pennsylvania are focused on the natural gas reservoir Marcellus Shale. The Company engages in natural gas gathering activities in Arkansas Texas Louisiana Pennsylvania and West Virginia.