State of Alaska Department of Revenue Acquires 470 Shares of Southwest Gas Holdings, Inc. (NYSE:SWX)

State of Alaska Department of Revenue boosted its holdings in Southwest Gas Holdings, Inc. (NYSE:SWX) by 7.2% in the third quarter, Holdings Channel reports. The institutional investor owned 6,961 shares of the utilities provider’s stock after acquiring an additional 470 shares during the quarter. State of Alaska Department of Revenue’s holdings in Southwest Gas were worth $513,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. UMB Bank n.a. grew its position in shares of Southwest Gas by 67.2% in the third quarter. UMB Bank n.a. now owns 398 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 160 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in 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 worth $317,000 after purchasing an additional 199 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in Southwest Gas by 2.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,174 shares of the utilities provider’s stock valued at $645,000 after buying an additional 213 shares in the last quarter. Blue Trust Inc. increased its position in shares of Southwest Gas by 37.5% during the third 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. Finally, Inspire Investing LLC lifted its holdings in shares of Southwest Gas by 5.2% in the second quarter. Inspire Investing LLC now owns 4,968 shares of the utilities provider’s stock worth $350,000 after buying an additional 245 shares in the last quarter. Institutional investors own 92.77% of the company’s stock.

Southwest Gas Trading Down 0.4 %

Shares of Southwest Gas stock opened at $73.38 on Friday. The company has a 50 day simple moving average of $73.15 and a two-hundred day simple moving average of $73.54. The firm has a market cap of $5.26 billion, a PE ratio of 29.12, a PEG ratio of 3.83 and a beta of 0.38. Southwest Gas Holdings, Inc. has a 1 year low of $57.03 and a 1 year high of $79.03. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.58 and a quick ratio of 1.58.

Southwest Gas (NYSE:SWX) last posted its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.12 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 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 EPS. Analysts expect that Southwest Gas Holdings, Inc. will post 3.13 earnings per share for the current fiscal year.

Southwest Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.38%. Southwest Gas’s dividend payout ratio (DPR) is 98.41%.

Insider Activity at Southwest Gas

In other Southwest Gas news, CFO Robert J. Stefani sold 767 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $73.14, for a total value of $56,098.38. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.39% of the stock is owned by insiders.

Analyst Ratings Changes

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

Southwest Gas Company 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.