Southwest Gas Holdings, Inc. (NYSE:SWX) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers grew its position in Southwest Gas Holdings, Inc. (NYSE:SWX) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 216,942 shares of the utilities provider’s stock after buying an additional 2,119 shares during the quarter. Rhumbline Advisers owned 0.30% of Southwest Gas worth $15,340,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. State Street Corp grew its stake in Southwest Gas by 1.0% during the 3rd quarter. State Street Corp now owns 2,256,637 shares of the utilities provider’s stock worth $166,450,000 after purchasing an additional 22,013 shares in the last quarter. Maverick Capital Ltd. grew its stake in Southwest Gas by 18.5% during the 3rd quarter. Maverick Capital Ltd. now owns 1,765,148 shares of the utilities provider’s stock worth $130,197,000 after purchasing an additional 275,992 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Southwest Gas by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,450,755 shares of the utilities provider’s stock worth $107,027,000 after buying an additional 19,922 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Southwest Gas by 3.7% during the 3rd 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 last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Southwest Gas by 0.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 654,930 shares of the utilities provider’s stock worth $48,308,000 after buying an additional 6,059 shares during the last quarter. 92.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on SWX shares. Jefferies Financial Group started coverage on Southwest Gas in a report on Tuesday, January 14th. They set a “hold” rating and a $73.00 price target for the company. LADENBURG THALM/SH SH raised Southwest Gas to a “strong-buy” rating in a report on Friday, January 24th. Bank of America reissued an “underperform” rating and issued a $73.00 target price on shares of Southwest Gas in a report on Friday, December 13th. Finally, JPMorgan Chase & Co. reduced their target price on Southwest Gas from $76.00 to $72.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $73.80.

Southwest Gas Stock Performance

Shares of SWX stock opened at $76.92 on Friday. The stock has a market capitalization of $5.52 billion, a PE ratio of 31.01, a price-to-earnings-growth ratio of 3.16 and a beta of 0.44. Southwest Gas Holdings, Inc. has a 52-week low of $60.88 and a 52-week high of $80.29. The stock’s 50-day moving average price is $72.89 and its 200 day moving average price is $73.53. 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 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 given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend is Thursday, May 15th. Southwest Gas’s dividend payout ratio (DPR) is presently 100.00%.

About Southwest Gas

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.