Southwest Gas Holdings, Inc. (NYSE:SWX) Shares Acquired by Cwm LLC

Cwm LLC boosted its holdings in Southwest Gas Holdings, Inc. (NYSE:SWX) by 47.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,852 shares of the utilities provider’s stock after acquiring an additional 915 shares during the period. Cwm LLC’s holdings in Southwest Gas were worth $210,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its position in shares of Southwest Gas by 154.8% in the second quarter. GAMMA Investing LLC now owns 428 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 260 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Southwest Gas by 96.6% in the second quarter. Blue Trust Inc. now owns 574 shares of the utilities provider’s stock valued at $44,000 after acquiring an additional 282 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Southwest Gas during the second quarter valued at $49,000. Ashton Thomas Private Wealth LLC purchased a new stake in Southwest Gas during the 2nd quarter worth about $72,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Southwest Gas in the 1st quarter valued at about $115,000. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Southwest Gas

In other Southwest Gas news, CFO Robert J. Stefani sold 767 shares of Southwest Gas stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $73.14, for a total transaction of $56,098.38. Following the transaction, the chief financial officer now directly owns 43,438 shares of the company’s stock, valued at $3,177,055.32. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.39% of the company’s stock.

Southwest Gas Stock Up 0.5 %

Shares of NYSE:SWX opened at $74.05 on Wednesday. Southwest Gas Holdings, Inc. has a 12-month low of $56.17 and a 12-month high of $78.46. The stock’s 50-day moving average price is $72.68 and its two-hundred day moving average price is $73.56. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.38. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 3.89 and a beta of 0.38.

Southwest Gas (NYSE:SWX) last released its earnings results on Tuesday, August 6th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.17). The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Southwest Gas had a net margin of 3.44% and a return on equity of 6.18%. Southwest Gas’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 earnings per share. On average, research analysts forecast that Southwest Gas Holdings, Inc. will post 3.21 EPS for the current year.

Southwest Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Friday, November 15th. Southwest Gas’s dividend payout ratio is currently 98.41%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SWX. Wells Fargo & Company raised their price target on shares of Southwest Gas from $74.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. decreased their target price on shares of Southwest Gas from $78.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th.

Southwest Gas Company Profile

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.