Mutual of America Capital Management LLC Sells 703 Shares of Southwest Gas Holdings, Inc. (NYSE:SWX)

Mutual of America Capital Management LLC lessened its holdings in Southwest Gas Holdings, Inc. (NYSE:SWX) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,834 shares of the utilities provider’s stock after selling 703 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Southwest Gas were worth $2,251,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. UMB Bank n.a. boosted its position in shares of Southwest Gas by 48.2% during the 4th quarter. UMB Bank n.a. now owns 590 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 192 shares in the last quarter. ST Germain D J Co. Inc. lifted its stake in Southwest Gas by 206.2% during the fourth quarter. ST Germain D J Co. Inc. now owns 845 shares of the utilities provider’s stock worth $60,000 after purchasing an additional 569 shares during the period. Blue Trust Inc. boosted its holdings in Southwest Gas by 18.8% during the fourth quarter. Blue Trust Inc. now owns 937 shares of the utilities provider’s stock valued at $69,000 after purchasing an additional 148 shares in the last quarter. KBC Group NV grew its stake in shares of Southwest Gas by 25.4% in the 3rd quarter. KBC Group NV now owns 1,839 shares of the utilities provider’s stock valued at $136,000 after purchasing an additional 373 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Southwest Gas in the 4th quarter worth approximately $207,000. Institutional investors own 92.77% of the company’s stock.

Southwest Gas Price Performance

Shares of SWX stock opened at $72.57 on Friday. Southwest Gas Holdings, Inc. has a 52 week low of $64.31 and a 52 week high of $80.29. The stock has a market capitalization of $5.21 billion, a PE ratio of 29.26, a PEG ratio of 3.16 and a beta of 0.37. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.85 and a current ratio of 0.85. The stock’s fifty day moving average is $73.77 and its 200-day moving average is $73.75.

Southwest Gas (NYSE:SWX) last issued its quarterly earnings data on Wednesday, February 26th. The utilities provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.18. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.35 billion. Southwest Gas had a net margin of 3.44% and a return on equity of 5.99%. Equities research analysts expect that Southwest Gas Holdings, Inc. will post 3.03 EPS for the current fiscal year.

Southwest Gas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Thursday, May 15th. Southwest Gas’s dividend payout ratio is presently 90.18%.

Analyst Ratings Changes

Several analysts recently commented on the company. Jefferies Financial Group started coverage on Southwest Gas in a research note on Tuesday, January 14th. They issued a “hold” rating and a $73.00 price target on the stock. LADENBURG THALM/SH SH upgraded shares of Southwest Gas to a “strong-buy” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. dropped their target price on shares of Southwest Gas from $76.00 to $72.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Finally, Bank of America restated an “underperform” rating and issued a $73.00 price target on shares of Southwest Gas in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $74.00.

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.