2 weeks Ago By ABMN Staff
Invesco Ltd. grew its stake in shares of Southwest Gas Holdings, Inc. ( NYSE:SWX – Free Report ) by 9.
7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 366,475 shares of the utilities provider’s stock after purchasing an additional 32,521 shares during the quarter. Invesco Ltd.
owned about 0.51% of Southwest Gas worth $25,913,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds also recently made changes to their positions in SWX.
UMB Bank n.a. raised its stake in Southwest Gas by 48.
2% in the fourth quarter. UMB Bank n.a.
now owns 590 shares of the utilities provider’s stock valued at $42,000 after buying an additional 192 shares during the period. ST Germain D J Co. Inc.
raised its stake 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 valued at $60,000 after acquiring an additional 569 shares during the period. AlphaQuest LLC raised its stake in 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 acquiring an additional 945 shares during the period. Blue Trust Inc.
lifted its holdings in Southwest Gas by 18.8% during the 4th quarter. Blue Trust Inc.
now owns 937 shares of the utilities provider’s stock valued at $69,000 after purchasing an additional 148 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. Institutional investors own 92.77% of the company’s stock.
Insider Buying and Selling In other news, major shareholder Carl C. Icahn sold 2,100,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 7,532,604 shares in the company, valued at approximately $561,932,258.
40. The trade was a 21.80 % decrease in their position.
The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . 0.39% of the stock is currently owned by company insiders.
Analyst Ratings Changes Read Our Latest Research Report on Southwest Gas Southwest Gas Price Performance Shares of Southwest Gas stock opened at $73.51 on Friday. 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 capitalization of $5.28 billion, a price-to-earnings ratio of 29.64, a price-to-earnings-growth ratio of 3.
16 and a beta of 0.50. Southwest Gas Holdings, Inc.
has a twelve month low of $64.31 and a twelve month high of $80.29.
The company has a 50-day simple moving average of $73.67 and a two-hundred day simple moving average of $73.77.
Southwest Gas ( NYSE:SWX – Get Free Report ) last released its quarterly earnings results on Wednesday, February 26th. The utilities provider reported $1.39 earnings per share 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 company had revenue of $1.
27 billion during the quarter, compared to the consensus estimate of $1.35 billion. Analysts forecast that Southwest Gas Holdings, Inc.
will post 3.03 EPS for the current year. Southwest Gas Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd.
Investors of record on Thursday, May 15th will be paid a $0.62 dividend. This represents a $2.
48 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Thursday, May 15th.
Southwest Gas’s dividend payout ratio (DPR) is presently 90.18%. 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. See Also 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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