Retirement Systems of Alabama Discloses New Position in Southwestern Energy Company

According to a recent Form 13F filing submitted to the SEC, Retirement Systems of Alabama disclosed a noteworthy new position in Southwestern Energy Company (NYSE: SWN) stock. Here’s what you need to know about Southwestern Energy Company, as well as Retirement Systems of Alabama’s position in shares of SWN stock:

Retirement Systems of Alabama

The Retirement Systems of Alabama inlcudes the Teachers Retirement System, Employees Retirement System, Judicial Retirement Fund, and other pension and benefit funds in Alabama, with over $21 billion in managed 13F securities. The Retirement Systems of Alabama serves the interests of its members by preserving the excellent benefits and soundness of the systems at the least expense to the state of Alabama and all Alabama taxpayers. You can learn more about Retirement Systems of Alabama on their website here.

Retirement Systems of Alabama’s New Position in SWN Stock

According to the most recent 13F filing from Retirement Systems of Alabama, the institutional investment manager added a meaningful position in Southwestern Energy Company (NYSE: SWN), with 1,458,829 shares, which represents approximately 0.1322% of the 1,103,580,066 total SWN shares outstanding. Based on SWN’s last closing price of $7.12 per share, Retirement Systems of Alabama’s stake in SWN is worth approximately $10,386,862.48, assuming no change in the position size. If you’re not very familiar with Southwestern Energy Company, learn more below.

Southwestern Energy Company (NYSE: SWN)

Southwestern Energy Company, an independent energy company, engages in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs) in the United States. It operates through two segments, Exploration and Production, and Marketing. The company focuses on the development of unconventional natural gas and oil reservoirs located in Pennsylvania, West Virginia, Ohio, and Louisiana. As of December 31, 2021, it had approximately 768,050 net acres in Appalachia; a total of 1,527 wells on production; and approximately proved natural gas, oil, and NGLs reserves comprise 21,148 billion cubic feet of natural gas equivalent (Bcfe). It also engages in the marketing and transportation of natural gas, oil, and NGLs. The company serves LNG exporters, energy companies, utilities, and industrial purchasers of natural gas. Southwestern Energy Company was incorporated in 1929 and is headquartered in Spring, Texas.

Summary

Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Retirement Systems of Alabama. Also be sure to check out more recent 13F filing analysis news here.