State of New Jersey Common Pension Fund D Has $1.88 Million Holdings in Southwest Gas Holdings, Inc. (NYSE:SWX)

State of New Jersey Common Pension Fund D decreased its position in shares of Southwest Gas Holdings, Inc. (NYSE:SWX) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,535 shares of the utilities provider’s stock after selling 708 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Southwest Gas were worth $1,876,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp boosted its stake in shares of Southwest Gas by 1.0% during the third quarter. State Street Corp now owns 2,256,637 shares of the utilities provider’s stock valued at $166,450,000 after purchasing an additional 22,013 shares in the last quarter. Maverick Capital Ltd. raised its holdings in Southwest Gas by 18.5% in the 3rd quarter. Maverick Capital Ltd. now owns 1,765,148 shares of the utilities provider’s stock valued at $130,197,000 after buying an additional 275,992 shares during the last quarter. Geode Capital Management LLC boosted its position 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 period. Charles Schwab Investment Management Inc. grew 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 acquiring an additional 35,106 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Southwest Gas by 0.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 654,930 shares of the utilities provider’s stock valued at $48,308,000 after acquiring an additional 6,059 shares during the period. Institutional investors own 92.77% of the company’s stock.

Southwest Gas Stock Performance

Shares of SWX opened at $77.26 on Tuesday. 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 firm’s fifty day simple moving average is $72.99 and its two-hundred day simple moving average is $73.59. Southwest Gas Holdings, Inc. has a 12 month low of $61.13 and a 12 month high of $80.29. The stock has a market capitalization of $5.54 billion, a P/E ratio of 31.15, a price-to-earnings-growth ratio of 3.16 and a beta of 0.44.

Southwest Gas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.48 annualized dividend and a yield of 3.21%. Southwest Gas’s dividend payout ratio is currently 100.00%.

Analyst Upgrades and Downgrades

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