Southwest Gas Holdings, Inc. (NYSE:SWX) Shares Bought by Cwm LLC

Cwm LLC lifted its position in shares of Southwest Gas Holdings, Inc. (NYSE:SWX) by 47.2% during the third quarter, HoldingsChannel reports. The firm owned 2,852 shares of the utilities provider’s stock after purchasing an additional 915 shares during the quarter. Cwm LLC’s holdings in Southwest Gas were worth $210,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in Southwest Gas by 9.4% in the second quarter. Dimensional Fund Advisors LP now owns 985,566 shares of the utilities provider’s stock valued at $69,370,000 after purchasing an additional 84,987 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Southwest Gas by 6.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,053,094 shares of the utilities provider’s stock valued at $74,117,000 after buying an additional 68,254 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Southwest Gas by 41.9% during the second quarter. Victory Capital Management Inc. now owns 206,114 shares of the utilities provider’s stock worth $14,506,000 after buying an additional 60,856 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Southwest Gas by 3.6% in the first quarter. Gamco Investors INC. ET AL now owns 889,426 shares of the utilities provider’s stock worth $67,712,000 after buying an additional 31,063 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in Southwest Gas by 266.0% in the second quarter. Millennium Management LLC now owns 37,595 shares of the utilities provider’s stock valued at $2,646,000 after acquiring an additional 27,323 shares in the last quarter. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SWX has been the subject of a number of research reports. Wells Fargo & Company lifted their price target on Southwest Gas from $74.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. dropped their price target on Southwest Gas from $78.00 to $70.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th.

Southwest Gas Price Performance

SWX opened at $74.05 on Wednesday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.38. The company’s 50-day moving average price is $72.68 and its 200 day moving average price is $73.56. Southwest Gas Holdings, Inc. has a fifty-two week low of $56.17 and a fifty-two week high of $78.46. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 29.39, a price-to-earnings-growth ratio of 3.89 and a beta of 0.38.

Southwest Gas (NYSE:SWX) last announced its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.17). The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.20 billion. Southwest Gas had a return on equity of 6.18% and a net margin of 3.44%. The company’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same period last year, the business posted $0.47 EPS. As a group, sell-side analysts expect that Southwest Gas Holdings, Inc. will post 3.21 earnings per share for the current year.

Southwest Gas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.62 per share. The ex-dividend date is Friday, November 15th. This represents a $2.48 annualized dividend and a dividend yield of 3.35%. Southwest Gas’s dividend payout ratio is currently 98.41%.

Insider Buying and Selling

In other Southwest Gas news, CFO Robert J. Stefani sold 767 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $73.14, for a total transaction of $56,098.38. Following the completion of the transaction, the chief financial officer now directly owns 43,438 shares of the company’s stock, valued at $3,177,055.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.39% of the company’s stock.

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.