2 weeks Ago By Defense World Staff
Cerity Partners LLC lessened its position in shares of Southwest Gas Holdings, Inc. ( NYSE:SWX – Free Report ) by 45.3% in the fourth quarter, according to its most recent filing with the SEC.
The firm owned 3,056 shares of the utilities provider’s stock after selling 2,530 shares during the quarter. Cerity Partners LLC’s holdings in Southwest Gas were worth $225,000 at the end of the most recent quarter. Several other hedge funds have also recently added to or reduced their stakes in SWX.
UMB Bank n.a. increased its position in shares of Southwest Gas by 48.
2% during the fourth quarter. UMB Bank n.a.
now owns 590 shares of the utilities provider’s stock worth $42,000 after buying an additional 192 shares during the period. ST Germain D J Co. Inc.
grew its holdings in Southwest Gas by 206.2% during the 4th quarter. ST Germain D J Co.
Inc. now owns 845 shares of the utilities provider’s stock worth $60,000 after acquiring an additional 569 shares during the period. Blue Trust Inc.
raised its position in shares of Southwest Gas by 18.8% in the 4th quarter. Blue Trust Inc.
now owns 937 shares of the utilities provider’s stock worth $69,000 after acquiring an additional 148 shares in the last quarter. AlphaQuest LLC lifted its stake in shares of Southwest Gas by 94,500.0% in the 4th quarter.
AlphaQuest LLC now owns 946 shares of the utilities provider’s stock valued at $67,000 after purchasing an additional 945 shares during the period. Finally, KBC Group NV boosted its position in shares of Southwest Gas by 54.0% during the 4th quarter.
KBC Group NV now owns 2,832 shares of the utilities provider’s stock valued at $200,000 after purchasing an additional 993 shares in the last quarter. Institutional investors own 92.77% of the company’s stock.
Analysts Set New Price Targets SWX has been the subject of a number of research analyst reports. LADENBURG THALM/SH SH upgraded Southwest Gas to a “strong-buy” rating in a report on Tuesday. Jefferies Financial Group assumed coverage on shares of Southwest Gas in a research report on Tuesday, January 14th.
They set a “hold” rating and a $73.00 target price on the stock. Finally, JPMorgan Chase & Co.
reduced their price target on shares of Southwest Gas from $76.00 to $72.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th.
One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $74.00.
Southwest Gas Price Performance Shares of SWX opened at $73.26 on Friday. The business’s fifty day moving average is $73.
28 and its 200 day moving average is $73.75. Southwest Gas Holdings, Inc.
has a 12-month low of $64.31 and a 12-month high of $80.29.
The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.
21. The stock has a market cap of $5.26 billion, a P/E ratio of 29.
54, a P/E/G ratio of 3.16 and a beta of 0.50.
Southwest Gas ( NYSE:SWX – Get Free Report ) last issued its quarterly earnings data on Wednesday, February 26th. The utilities provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.
21 by $0.18. Southwest Gas had a net margin of 3.
44% and a return on equity of 5.99%. The firm had revenue of $1.
27 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Sell-side analysts anticipate that Southwest Gas Holdings, Inc.
will post 3.03 earnings per share for the current fiscal year. Southwest Gas Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd.
Investors of record on Thursday, May 15th will be given a dividend of $0.62 per share. The ex-dividend date is Thursday, May 15th.
This represents a $2.48 annualized dividend and a dividend yield of 3.39%.
Southwest Gas’s payout ratio is 90.18%. Insider Buying and Selling In other Southwest Gas news, major shareholder Carl C.
Icahn sold 2,100,000 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $74.60, for a total value of $156,660,000.
00. Following the completion of the sale, the insider now owns 7,532,604 shares in the company, valued at approximately $561,932,258.40.
This trade represents a 21.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website .
0.39% of the stock is currently owned by corporate insiders. Southwest Gas Profile ( Free Report ) Southwest Gas Holdings, Inc, through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and California.
The company operates through Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage segments. It also provides trenching, installation, and replacement of underground pipes, as well as maintenance services for energy distribution systems. Featured Stories Five stocks we like better than Southwest Gas Low PE Growth Stocks: Unlocking Investment Opportunities 2 Strong Utilities Plays With Booming Earnings and Room to Grow What Makes a Stock a Good Dividend Stock? Why Smart Investors Don’t Panic in Election Season Canada Bond Market Holiday: How to Invest and Trade Now Is the Time to Buy ServiceNow—The Rebound Is Real Want to see what other hedge funds are holding SWX? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Southwest Gas Holdings, Inc. ( NYSE:SWX – Free Report ). Receive News & Ratings for Southwest Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Gas and related companies with MarketBeat.
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