Dynamic Technology Lab Private Ltd Has $1.20 Million Stock Position in Southwest Gas Holdings, Inc. (NYSE:SWX)

Dynamic Technology Lab Private Ltd lowered its holdings in shares of Southwest Gas Holdings, Inc. (NYSE:SWX) by 43.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,266 shares of the utilities provider’s stock after selling 12,409 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Southwest Gas were worth $1,200,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. UMB Bank n.a. raised its holdings in Southwest Gas by 67.2% during the third quarter. UMB Bank n.a. now owns 398 shares of the utilities provider’s stock valued at $29,000 after buying an additional 160 shares in the last quarter. Pathstone Holdings LLC increased its holdings in shares of Southwest Gas by 0.6% during the 3rd quarter. Pathstone Holdings LLC now owns 27,125 shares of the utilities provider’s stock valued at $2,001,000 after acquiring an additional 165 shares during the last quarter. V Square Quantitative Management LLC raised its stake in shares of Southwest Gas by 4.8% in the 3rd quarter. V Square Quantitative Management LLC now owns 4,303 shares of the utilities provider’s stock valued at $317,000 after acquiring an additional 199 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Southwest Gas by 2.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,174 shares of the utilities provider’s stock worth $645,000 after purchasing an additional 213 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in Southwest Gas by 37.5% during the third quarter. Blue Trust Inc. now owns 789 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 215 shares during the period. Institutional investors and hedge funds own 92.77% of the company’s stock.

Insider Activity at Southwest Gas

In related news, major shareholder Carl C. Icahn sold 1,390,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $76.74, for a total value of $106,668,600.00. Following the completion of the transaction, the insider now directly owns 9,632,604 shares of the company’s stock, valued at $739,206,030.96. This trade represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.39% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SWX shares. JPMorgan Chase & Co. dropped their price target on shares of Southwest Gas from $78.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. Wells Fargo & Company raised their target price on shares of Southwest Gas from $74.00 to $78.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th.

Southwest Gas Stock Performance

SWX opened at $78.06 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.21. The stock’s 50 day moving average price is $74.66 and its two-hundred day moving average price is $73.68. The firm has a market capitalization of $5.60 billion, a P/E ratio of 31.48, a price-to-earnings-growth ratio of 4.13 and a beta of 0.38. Southwest Gas Holdings, Inc. has a 12-month low of $57.55 and a 12-month high of $80.29.

Southwest Gas (NYSE:SWX) last announced its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate 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 quarter last year, the company posted $0.10 earnings per share. On average, equities analysts forecast that Southwest Gas Holdings, Inc. will post 3.13 earnings per share for the current year.

Southwest Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Tuesday, February 18th. Southwest Gas’s dividend payout ratio is currently 100.00%.

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.