Schwab Charles Investment Management Inc. reduced its stake in Southwest Gas Corporation (NYSE:SWX) by 1.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 225,763 shares of the utilities provider’s stock after selling 2,641 shares during the period. Schwab Charles Investment Management Inc. owned 0.47% of Southwest Gas worth $17,524,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Southwest Gas by 7.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,725 shares of the utilities provider’s stock valued at $126,000 after purchasing an additional 118 shares in the last quarter. Flinton Capital Management LLC increased its position in shares of Southwest Gas by 69.7% during the second quarter. Flinton Capital Management LLC now owns 2,416 shares of the utilities provider’s stock worth $177,000 after acquiring an additional 992 shares in the last quarter. Ashfield Capital Partners LLC bought a new stake in shares of Southwest Gas during the third quarter worth about $212,000. Riverhead Capital Management LLC increased its position in shares of Southwest Gas by 74.8% during the second quarter. Riverhead Capital Management LLC now owns 2,797 shares of the utilities provider’s stock worth $204,000 after acquiring an additional 1,197 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new stake in shares of Southwest Gas during the third quarter worth about $238,000. 77.41% of the stock is owned by hedge funds and other institutional investors.

Shares of Southwest Gas Corporation (NYSE:SWX) opened at $81.74 on Thursday. The company has a market cap of $3,935.97, a P/E ratio of 24.25, a P/E/G ratio of 4.10 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 52 week low of $71.51 and a 52 week high of $86.87.

Southwest Gas (NYSE:SWX) last announced its quarterly earnings results on Tuesday, November 7th. The utilities provider reported $0.21 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 analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the company posted $0.05 EPS. research analysts predict that Southwest Gas Corporation will post 3.41 earnings per share for the current fiscal year.

The company also recently announced 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. This represents a $1.98 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Wednesday, February 14th. Southwest Gas’s dividend payout ratio (DPR) is presently 58.24%.

SWX has been the subject of several recent research reports. KeyCorp reissued a “hold” rating on shares of Southwest Gas in a research report on Friday, October 20th. Citigroup boosted their price target 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 company a “neutral” rating in a research note on Wednesday, November 8th. Jefferies Group reiterated a “hold” rating and issued a $70.00 target price on shares of Southwest Gas in a research note on Thursday, August 31st. Finally, BidaskClub cut shares of Southwest Gas from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 23rd. One 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. Southwest Gas has an average rating of “Hold” and a consensus target price of $81.25.

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

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About Southwest Gas

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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