The Vanguard Group, Inc. recently announced the acquisition of new stake in Southwestern Energy Company (NYSE:SWN). The institutional investor has increased its shareholding in the Energy company by 0.28% to 109.37 million shares with purchase of 0.3 million shares. This fresh investment now brings its stake to 9.93% valued currently at $716.34 million. In addition, BlackRock Fund Advisors raised its holdings by 0.52 million to 89.57 million shares. And Fidelity Management & Research Co has lifted its position by 33.31% or 8.74 million shares – to 34.97 million shares.
Currently, there are 1.10B common shares owned by the public and among those 1.02B shares have been available to trade.
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Insiders at the company have transacted a total of 82 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 44 of these insider trades were purchases, accounting for 2,127,845 shares. Insider sales of the common stock occurred on 38 occasions, with total insider shares sold totaling 645,541 shares.
The top 3 mutual fund holders in Southwestern Energy Company are Vanguard Total Stock Market ETF, iShares Core S&P Mid Cap ETF, and Vanguard Small Cap Index Fund. Vanguard Total Stock Market ETF owns 34.25 million shares of the company’s stock, all valued at over $224.33 million. The company sold 92592.0 shares recently to bring their total holdings to about 3.11% of the shares outstanding. iShares Core S&P Mid Cap ETF bought 30265.0 shares to see its total holdings expand to 33.47 million shares valued at over $219.2 million and representing 3.04% of the shares outstanding. Vanguard Small Cap Index Fund sold -0.46 million shares to bring its total holdings to over 28.05 million shares at a value of $183.73 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.55% of the shares outstanding.
However, the script later moved the day high at 6.58, up 0.31%. The company’s stock has a 5-day price change of 1.40% and -8.58% over the past three months. SWN shares are trading -0.76% year to date (YTD), with the 12-month market performance up to 17.33% higher. It has a 12-month low price of $4.57 and touched a high of $7.69 over the same period. SWN has an average intraday trading volume of 20.68 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.57%, -0.83%, and 5.81% respectively.
Institutional ownership of Southwestern Energy Company (NYSE: SWN) shares accounts for 82.41% of the company’s 1.10B shares outstanding. Mutual fund holders own 36.03%, while other institutional holders and individual stakeholders account for 46.65% and 1.43% respectively.
It has a market capitalization of $7.16B and a beta (3y monthly) value of 1.11. The stock’s trailing 12-month PE ratio is 1.40, while the earnings-per-share (ttm) stands at $4.64. The company has a PEG of 0.07 and a Quick Ratio of 0.59 with the debt-to-equity ratio at 0.65. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.34% over the week and 3.31% over the month.
Analysts forecast that Southwestern Energy Company (SWN) will achieve an EPS of $0.13 for the current quarter, $0.22 for the next quarter and $0.83 for 2024. The lowest estimate earnings-per-share for the quarter is $0.07 while analysts give the company a high EPS estimate of $0.23. Comparatively, EPS for the current quarter was $0.26 a year ago. Earnings per share for the fiscal year are expected to decrease by -53.33%, and 20.58% over the next financial year. EPS should grow at an annualized rate of 21.00% over the next five years, compared to 0.38% over the past 5-year period.
Looking at the support for the SWN, a number of firms have released research notes about the stock. Stifel stated their Hold rating for the stock in a research note on January 23, 2024, with the firm’s price target at $8.50-$6.60.
