Allspring Global Investments Holdings LLC Has $367,000 Holdings in Southwest Gas Holdings, Inc. (NYSE:SWX)

Allspring Global Investments Holdings LLC lessened its stake in shares of Southwest Gas Holdings, Inc. (NYSE:SWX) by 14.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,220 shares of the utilities provider’s stock after selling 876 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Southwest Gas were worth $367,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Blue Trust Inc. increased its stake in Southwest Gas by 37.5% during the 3rd quarter. Blue Trust Inc. now owns 789 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 215 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Southwest Gas by 7,276.0% during the 3rd quarter. International Assets Investment Management LLC now owns 51,042 shares of the utilities provider’s stock worth $3,765,000 after purchasing an additional 50,350 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of Southwest Gas by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 6,961 shares of the utilities provider’s stock valued at $513,000 after buying an additional 470 shares during the last quarter. US Bancorp DE increased its stake in shares of Southwest Gas by 9.3% in the third quarter. US Bancorp DE now owns 15,364 shares of the utilities provider’s stock worth $1,133,000 after purchasing an additional 1,303 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its position 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 acquiring an additional 7,858 shares in the last quarter. 92.77% of the stock is owned by institutional investors.

Southwest Gas Price Performance

Shares of NYSE SWX opened at $77.22 on Wednesday. The firm has a market cap of $5.54 billion, a P/E ratio of 31.14, a PEG ratio of 3.16 and a beta of 0.44. 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 twelve month low of $61.13 and a twelve month high of $80.29. The company has a 50 day moving average of $73.12 and a 200 day moving average of $73.63.

Southwest Gas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be paid a $0.62 dividend. The ex-dividend date is Thursday, May 15th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.21%. Southwest Gas’s dividend payout ratio (DPR) is currently 100.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on SWX shares. Jefferies Financial Group assumed coverage on Southwest Gas in a research report on Tuesday, January 14th. They issued a “hold” rating and a $73.00 price objective on the stock. JPMorgan Chase & Co. lowered their price target on shares of Southwest Gas from $76.00 to $72.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Bank of America restated an “underperform” rating and set a $73.00 target price on shares of Southwest Gas in a report on Friday, December 13th. Finally, LADENBURG THALM/SH SH upgraded Southwest Gas to a “strong-buy” rating in a research report on Friday, January 24th. One investment 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, Southwest Gas currently has a consensus rating of “Hold” and an average price target of $73.80.

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.