Southwest Gas Holdings Inc (SWX) Holdings Cut by QS Investors LLC
QS Investors LLC cut its holdings in Southwest Gas Holdings Inc (NYSE:SWX) by 2.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 77,796 shares of the utilities provider’s stock after selling 1,686 shares during the quarter. QS Investors LLC’s holdings in Southwest Gas were worth $6,261,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Advisor Group Inc. lifted its stake in Southwest Gas by 61.5% in the fourth quarter. Advisor Group Inc. now owns 2,545 shares of the utilities provider’s stock valued at $205,000 after buying an additional 969 shares during the period. AMP Capital Investors Ltd lifted its stake in Southwest Gas by 119.6% in the fourth quarter. AMP Capital Investors Ltd now owns 22,761 shares of the utilities provider’s stock valued at $1,832,000 after buying an additional 12,394 shares during the period. Driehaus Capital Management LLC acquired a new position in Southwest Gas in the fourth quarter valued at approximately $467,000. Invictus RG acquired a new position in Southwest Gas in the fourth quarter valued at approximately $401,000. Finally, Geode Capital Management LLC lifted its stake in Southwest Gas by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 435,840 shares of the utilities provider’s stock valued at $35,076,000 after buying an additional 5,772 shares during the period. 80.14% of the stock is currently owned by hedge funds and other institutional investors.
In other news, SVP Eric Debonis sold 1,400 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $63.43, for a total transaction of $88,802.00. Following the transaction, the senior vice president now directly owns 14,229 shares of the company’s stock, valued at $902,545.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.99% of the stock is owned by corporate insiders.
Southwest Gas Holdings Inc (NYSE SWX) opened at $70.65 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.99. Southwest Gas Holdings Inc has a 12-month low of $62.53 and a 12-month high of $86.87. The firm has a market capitalization of $3,404.37, a P/E ratio of 19.58 and a beta of 0.57.
Southwest Gas (NYSE:SWX) last issued its earnings results on Tuesday, February 27th. The utilities provider reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.08. Southwest Gas had a return on equity of 10.00% and a net margin of 7.61%. The company had revenue of $740.43 million for the quarter, compared to analyst estimates of $705.70 million. research analysts predict that Southwest Gas Holdings Inc will post 3.59 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Tuesday, May 15th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.94%. This is a positive change from Southwest Gas’s previous quarterly dividend of $0.50. The ex-dividend date is Monday, May 14th. Southwest Gas’s dividend payout ratio is presently 49.13%.
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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).
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