2 weeks Ago By ABMN Staff
Cerity Partners LLC lessened its stake in Southwest Gas Holdings, Inc. ( NYSE:SWX – Free Report ) by 45.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission.
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. Other institutional investors have also bought and sold shares of the company.
UMB Bank n.a. increased its position in Southwest Gas by 48.
2% in 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 last quarter. ST Germain D J Co. Inc.
increased its holdings in Southwest Gas by 206.2% in 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 last quarter. Blue Trust Inc.
raised its stake in Southwest Gas by 18.8% in the 4th quarter. Blue Trust Inc.
now owns 937 shares of the utilities provider’s stock valued at $69,000 after acquiring an additional 148 shares during the period. AlphaQuest LLC lifted its holdings in Southwest Gas by 94,500.0% during the fourth 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 last quarter. Finally, KBC Group NV boosted its position in Southwest Gas by 54.0% during the fourth quarter.
KBC Group NV now owns 2,832 shares of the utilities provider’s stock worth $200,000 after purchasing an additional 993 shares during the period. Hedge funds and other institutional investors own 92.77% of the company’s stock.
Southwest Gas Stock Up 0.9 % SWX opened at $73.26 on Friday.
The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.
85. Southwest Gas Holdings, Inc. has a one year low of $64.
31 and a one year high of $80.29. The firm has a market capitalization of $5.
26 billion, a P/E ratio of 29.54, a price-to-earnings-growth ratio of 3.16 and a beta of 0.
50. The company has a fifty day moving average price of $73.28 and a 200-day moving average price of $73.
75. Southwest Gas Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be issued a $0.
62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.
39%. The ex-dividend date is Thursday, May 15th. Southwest Gas’s payout ratio is 90.
18%. Wall Street Analyst Weigh In SWX has been the topic of several research reports. LADENBURG THALM/SH SH raised shares of Southwest Gas to a “strong-buy” rating in a research report on Tuesday.
JPMorgan Chase & Co. dropped their target price on Southwest Gas from $76.00 to $72.
00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Finally, Jefferies Financial Group started coverage on Southwest Gas in a research report on Tuesday, January 14th. They issued a “hold” rating and a $73.
00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.
com, the stock has a consensus rating of “Hold” and a consensus target price of $74.00. Get Our Latest Stock Analysis on SWX Insider Activity In related news, major shareholder Carl C.
Icahn sold 2,100,000 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $74.60, for a total value of $156,660,000.
00. Following the transaction, the insider now owns 7,532,604 shares of the company’s stock, valued at $561,932,258.40.
This represents a 21.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website .
Corporate insiders own 0.39% of the company’s stock. About Southwest Gas ( 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 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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