Southwest Gas Holdings, Inc. (NYSE:SWX) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors trimmed its position in Southwest Gas Holdings, Inc. (NYSE:SWX) by 38.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,986 shares of the utilities provider’s stock after selling 1,882 shares during the period. Captrust Financial Advisors’ holdings in Southwest Gas were worth $220,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of SWX. Citigroup Inc. lifted its stake in shares of Southwest Gas by 234.1% during the third quarter. Citigroup Inc. now owns 53,403 shares of the utilities provider’s stock worth $3,939,000 after buying an additional 37,418 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Southwest Gas by 41.9% during the second quarter. Victory Capital Management Inc. now owns 206,114 shares of the utilities provider’s stock worth $14,506,000 after buying an additional 60,856 shares during the period. Summit Global Investments acquired a new stake in shares of Southwest Gas during the third quarter worth $1,349,000. New York State Common Retirement Fund lifted its stake in shares of Southwest Gas by 3.0% during the third quarter. New York State Common Retirement Fund now owns 267,589 shares of the utilities provider’s stock worth $19,737,000 after buying an additional 7,858 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Southwest Gas by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 977,810 shares of the utilities provider’s stock worth $72,123,000 after buying an additional 35,106 shares during the period. 92.77% of the stock is currently owned by institutional investors and hedge funds.

Southwest Gas Stock Down 1.8 %

SWX stock opened at $72.85 on Monday. The stock has a market capitalization of $5.23 billion, a P/E ratio of 29.38, a P/E/G ratio of 3.84 and a beta of 0.41. The firm has a 50-day simple moving average of $75.38 and a 200-day simple moving average of $73.68. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.21. Southwest Gas Holdings, Inc. has a 52 week low of $57.55 and a 52 week high of $80.29.

Southwest Gas (NYSE:SWX) last posted its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.12 billion. Southwest Gas had a net margin of 3.44% and a return on equity of 5.99%. Southwest Gas’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.10 earnings per share. Equities analysts forecast that Southwest Gas Holdings, Inc. will post 3.16 earnings per share for the current fiscal year.

Southwest Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors 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 dividend on an annualized basis and a yield of 3.40%. Southwest Gas’s payout ratio is presently 100.00%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Southwest Gas from $74.00 to $78.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Bank of America reissued an “underperform” rating and set a $73.00 target price on shares of Southwest Gas in a report on Friday. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $73.50.

Insider Buying and Selling

In other Southwest Gas news, major shareholder Carl C. Icahn sold 1,390,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $76.74, for a total value of $106,668,600.00. Following the transaction, the insider now directly owns 9,632,604 shares in the company, valued at $739,206,030.96. The trade was a 12.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.39% of the stock is currently owned by company insiders.

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.