Southwest Gas Holdings, Inc. (NYSE:SWX) Holdings Decreased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd reduced its position in shares of Southwest Gas Holdings, Inc. (NYSE:SWX) by 23.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,776 shares of the utilities provider’s stock after selling 4,306 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Southwest Gas were worth $974,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SWX. Blue Trust Inc. boosted its holdings in shares of Southwest Gas by 37.5% in the 3rd quarter. Blue Trust Inc. now owns 789 shares of the utilities provider’s stock valued at $56,000 after buying an additional 215 shares during the period. International Assets Investment Management LLC lifted its holdings in Southwest Gas by 7,276.0% in the third quarter. International Assets Investment Management LLC now owns 51,042 shares of the utilities provider’s stock worth $3,765,000 after acquiring an additional 50,350 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Southwest Gas by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 6,961 shares of the utilities provider’s stock valued at $513,000 after acquiring an additional 470 shares during the period. US Bancorp DE boosted its stake in Southwest Gas by 9.3% in the third quarter. US Bancorp DE now owns 15,364 shares of the utilities provider’s stock valued at $1,133,000 after acquiring an additional 1,303 shares during the period. Finally, New York State Common Retirement Fund grew its holdings 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 valued at $19,737,000 after purchasing an additional 7,858 shares during the last quarter. 92.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SWX shares. JPMorgan Chase & Co. dropped their target price on Southwest Gas from $76.00 to $72.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Jefferies Financial Group assumed coverage on shares of Southwest Gas in a report on Tuesday, January 14th. They issued a “hold” rating and a $73.00 price objective on the stock. Bank of America reiterated an “underperform” rating and issued a $73.00 price objective on shares of Southwest Gas in a research report on Friday, December 13th. Finally, LADENBURG THALM/SH SH upgraded shares of Southwest Gas to a “strong-buy” rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $73.80.

Southwest Gas Trading Down 2.3 %

Shares of NYSE SWX opened at $73.65 on Friday. The firm has a market capitalization of $5.28 billion, a PE ratio of 29.70, a PEG ratio of 3.16 and a beta of 0.44. Southwest Gas Holdings, Inc. has a one year low of $62.48 and a one year high of $80.29. 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 business has a 50-day moving average price of $73.35 and a two-hundred day moving average price of $73.65.

Southwest Gas (NYSE:SWX) last posted its quarterly earnings results on Wednesday, February 26th. The utilities provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.18. Southwest Gas had a net margin of 3.44% and a return on equity of 5.99%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.35 billion. As a group, analysts predict that Southwest Gas Holdings, Inc. will post 3.03 earnings per share for the current fiscal year.

Southwest Gas Announces Dividend

The business 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 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 dividend yield of 3.37%. Southwest Gas’s dividend payout ratio (DPR) is presently 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.