Cubist Systematic Strategies LLC lifted its stake in Southwest Gas Corporation (NYSE:SWX) by 154.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,495 shares of the utilities provider’s stock after buying an additional 8,197 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Southwest Gas were worth $1,047,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas lifted its holdings in shares of Southwest Gas by 1.7% in the second quarter. Teacher Retirement System of Texas now owns 3,799 shares of the utilities provider’s stock worth $278,000 after buying an additional 65 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of Southwest Gas by 1.6% in the second quarter. Amalgamated Bank now owns 6,748 shares of the utilities provider’s stock worth $493,000 after buying an additional 106 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Southwest Gas by 7.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,725 shares of the utilities provider’s stock worth $126,000 after buying an additional 118 shares in the last quarter. M&T Bank Corp lifted its holdings in shares of Southwest Gas by 5.3% in the second quarter. M&T Bank Corp now owns 3,484 shares of the utilities provider’s stock worth $255,000 after buying an additional 174 shares in the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of Southwest Gas by 6.4% in the second quarter. HighTower Advisors LLC now owns 3,946 shares of the utilities provider’s stock worth $291,000 after buying an additional 237 shares in the last quarter. 77.41% of the stock is currently owned by hedge funds and other institutional investors.

SWX has been the topic of several research analyst reports. KeyCorp reissued a “hold” rating on shares of Southwest Gas in a report on Friday, October 20th. Citigroup boosted their target price on shares of Southwest Gas from $79.00 to $82.00 and gave the stock a “neutral” rating in a report on Monday, November 20th. UBS boosted their target price on shares of Southwest Gas from $83.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, November 8th. Jefferies Group reissued a “hold” rating and issued a $70.00 target price on shares of Southwest Gas in a report on Thursday, August 31st. Finally, BidaskClub downgraded shares of Southwest Gas from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $81.25.

Shares of Southwest Gas Corporation (NYSE SWX) opened at $82.46 on Wednesday. The stock has a market cap of $3,802.79, a price-to-earnings ratio of 23.43, a P/E/G ratio of 3.96 and a beta of 0.61. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.82 and a current ratio of 0.82. Southwest Gas Corporation has a 12 month low of $71.51 and a 12 month high of $86.87.

Southwest Gas (NYSE:SWX) last released its quarterly earnings results on Tuesday, November 7th. The utilities provider reported $0.21 earnings per share (EPS) 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 the consensus estimate of $579.40 million. Southwest Gas had a net margin of 6.64% and a return on equity of 9.56%. Southwest Gas’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.05 earnings per share. equities analysts forecast that Southwest Gas Corporation will post 3.41 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be paid a dividend of $0.495 per share. This represents a $1.98 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Wednesday, February 14th. Southwest Gas’s payout ratio is 58.24%.

In related news, VP Kenneth J. Kenny sold 600 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $80.17, for a total transaction of $48,102.00. Following the sale, the vice president now owns 16,746 shares of the company’s stock, valued at $1,342,526.82. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Gregory J. Peterson sold 1,000 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $85.72, for a total transaction of $85,720.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,120 shares of company stock worth $423,096. 0.99% of the stock is owned by insiders.

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Southwest Gas Company 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).

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

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