Southwest Gas Holdings, Inc. (NYSE:SWX) Shares Purchased by Atria Investments Inc

Atria Investments Inc raised its holdings in Southwest Gas Holdings, Inc. (NYSE:SWX) by 26.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,999 shares of the utilities provider’s stock after acquiring an additional 848 shares during the quarter. Atria Investments Inc’s holdings in Southwest Gas were worth $295,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. UMB Bank n.a. boosted its position in Southwest Gas by 67.2% during the third quarter. UMB Bank n.a. now owns 398 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 160 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Southwest Gas by 154.8% in the 2nd quarter. GAMMA Investing LLC now owns 428 shares of the utilities provider’s stock worth $30,000 after buying an additional 260 shares in the last quarter. Waldron Private Wealth LLC acquired a new stake in Southwest Gas in the 3rd quarter valued at about $40,000. Blue Trust Inc. increased its holdings in Southwest Gas by 96.6% during the 2nd 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. Finally, International Assets Investment Management LLC acquired a new position in Southwest Gas during the second quarter worth about $49,000. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SWX has been the subject of several research reports. Wells Fargo & Company lifted their price objective on Southwest Gas from $74.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. reduced their price objective on 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 Price Performance

Shares of Southwest Gas stock opened at $77.51 on Friday. The business’s fifty day moving average price is $74.54 and its 200 day moving average price is $73.70. Southwest Gas Holdings, Inc. has a twelve month low of $57.55 and a twelve month high of $79.20. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $5.56 billion, a P/E ratio of 31.25, a PEG ratio of 4.21 and a beta of 0.38.

Southwest Gas (NYSE:SWX) last issued its earnings results on Wednesday, November 6th. The utilities provider reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.12 billion. Southwest Gas had a net margin of 3.44% and a return on equity of 5.99%. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 EPS. As a group, research analysts anticipate that Southwest Gas Holdings, Inc. will post 3.13 earnings per share for the current year.

Southwest Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.62 per share. The ex-dividend date is Tuesday, February 18th. This represents a $2.48 annualized dividend and a dividend yield of 3.20%. Southwest Gas’s payout ratio is 100.00%.

Insider Buying and Selling

In other news, CFO Robert J. Stefani sold 767 shares of the business’s stock in a transaction 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 completion of the transaction, the chief financial officer now owns 43,438 shares of the company’s stock, valued at approximately $3,177,055.32. The trade was a 1.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Carl C. Icahn sold 1,390,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $76.74, for a total value of $106,668,600.00. Following the completion of the transaction, the insider now directly owns 9,632,604 shares of the company’s stock, valued at $739,206,030.96. This trade represents a 12.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.

Southwest Gas 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.