TD Asset Management Inc. raised its holdings in Southwest Gas Corporation (NYSE:SWX) by 20.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,770 shares of the utilities provider’s stock after acquiring an additional 3,755 shares during the period. TD Asset Management Inc.’s holdings in Southwest Gas were worth $1,690,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Southwest Gas by 7.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,725 shares of the utilities provider’s stock valued at $126,000 after acquiring an additional 118 shares in the last quarter. Flinton Capital Management LLC raised its holdings in shares of Southwest Gas by 69.7% in the 2nd quarter. Flinton Capital Management LLC now owns 2,416 shares of the utilities provider’s stock valued at $177,000 after acquiring an additional 992 shares in the last quarter. Ashfield Capital Partners LLC purchased a new stake in shares of Southwest Gas in the 3rd quarter valued at about $212,000. Riverhead Capital Management LLC raised its holdings in shares of Southwest Gas by 74.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,797 shares of the utilities provider’s stock valued at $204,000 after acquiring an additional 1,197 shares in the last quarter. Finally, World Asset Management Inc raised its holdings in shares of Southwest Gas by 1.5% in the 2nd quarter. World Asset Management Inc now owns 2,985 shares of the utilities provider’s stock valued at $218,000 after acquiring an additional 44 shares in the last quarter. 77.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Southwest Gas Corporation (NYSE:SWX) traded up $0.14 during midday trading on Monday, hitting $82.81. The company had a trading volume of 183,200 shares, compared to its average volume of 263,189. The stock has a market cap of $3,952.67, a PE ratio of 24.36, a price-to-earnings-growth ratio of 3.76 and a beta of 0.61. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.01. Southwest Gas Corporation has a 52 week low of $71.51 and a 52 week high of $86.87.

Southwest Gas (NYSE:SWX) last announced its quarterly earnings data on Tuesday, November 7th. The utilities provider reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.07. The company had revenue of $593.15 million for the quarter, compared to analysts’ expectations of $579.40 million. Southwest Gas had a return on equity of 9.56% and a net margin of 6.64%. Southwest Gas’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the firm posted $0.05 EPS. sell-side analysts anticipate that Southwest Gas Corporation will post 3.42 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be issued a dividend of $0.495 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 2.39%. Southwest Gas’s dividend payout ratio is 58.24%.

SWX has been the topic of several recent analyst reports. Jefferies Group reaffirmed a “hold” rating and issued a $70.00 price target on shares of Southwest Gas in a report on Monday, October 16th. KeyCorp reaffirmed a “hold” rating on shares of Southwest Gas in a report on Friday, September 1st. UBS raised their price target on Southwest Gas from $83.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, November 8th. Zacks Investment Research raised Southwest Gas from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, Citigroup raised their price objective on Southwest Gas from $79.00 to $82.00 and gave the company a “neutral” rating in a report on Monday, November 20th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. Southwest Gas presently has a consensus rating of “Hold” and an average price target of $81.25.

In other Southwest Gas news, VP Gregory J. Peterson sold 1,000 shares of Southwest Gas stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $85.72, for a total value of $85,720.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Eric Debonis sold 3,520 shares of Southwest Gas stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $82.18, for a total value of $289,273.60. Following the completion of the transaction, the senior vice president now directly owns 16,060 shares in the company, valued at $1,319,810.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,120 shares of company stock worth $423,096. 0.99% of the stock is currently owned by insiders.

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Southwest Gas Profile

Southwest Gas Holdings, Inc, formerly Southwest Gas Corporation, is engaged in the business of purchasing, distributing and transporting natural gas. The Company operates through two segments: natural gas operations and construction services, which includes the operations of the Company’s subsidiary, Centuri Construction Group, Inc (Centuri).

Institutional Ownership by Quarter for Southwest Gas (NYSE:SWX)

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