Southwest Gas Holdings Inc (SWX) Shares Sold by Cramer Rosenthal Mcglynn LLC
Cramer Rosenthal Mcglynn LLC lessened its position in Southwest Gas Holdings Inc (NYSE:SWX) by 1.9% in the 4th quarter, HoldingsChannel reports. The fund owned 256,622 shares of the utilities provider’s stock after selling 5,035 shares during the period. Cramer Rosenthal Mcglynn LLC’s holdings in Southwest Gas were worth $20,653,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the stock. Advisors Asset Management Inc. lifted its position in Southwest Gas by 7.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 10,229 shares of the utilities provider’s stock worth $794,000 after buying an additional 711 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Southwest Gas by 37.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,621 shares of the utilities provider’s stock worth $211,000 after buying an additional 718 shares in the last quarter. Advisor Group Inc. lifted its position in Southwest Gas by 61.5% in the 4th quarter. Advisor Group Inc. now owns 2,545 shares of the utilities provider’s stock worth $205,000 after buying an additional 969 shares in the last quarter. Creative Planning lifted its position in Southwest Gas by 23.5% in the 4th quarter. Creative Planning now owns 5,359 shares of the utilities provider’s stock worth $431,000 after buying an additional 1,019 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in Southwest Gas by 17.7% in the 3rd quarter. Pacer Advisors Inc. now owns 7,058 shares of the utilities provider’s stock worth $548,000 after buying an additional 1,060 shares in the last quarter. Institutional investors and hedge funds own 80.14% of the company’s stock.
In other news, SVP Eric Debonis sold 1,400 shares of the stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $63.43, for a total transaction of $88,802.00. Following the transaction, the senior vice president now owns 14,229 shares in the company, valued at approximately $902,545.47. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.99% of the company’s stock.
Southwest Gas Holdings Inc (NYSE:SWX) opened at $70.65 on Wednesday. Southwest Gas Holdings Inc has a 12 month low of $62.53 and a 12 month high of $86.87. The company has a market cap of $3,404.37, a price-to-earnings ratio of 17.53 and a beta of 0.57. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.81 and a current ratio of 0.81.
Southwest Gas (NYSE:SWX) last announced its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $1.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.50 by $0.08. Southwest Gas had a net margin of 7.61% and a return on equity of 10.00%. The company had revenue of $740.43 million for the quarter, compared to analyst estimates of $705.70 million. research analysts forecast that Southwest Gas Holdings Inc will post 3.59 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Tuesday, May 15th will be paid a dividend of $0.52 per share. This is a positive change from Southwest Gas’s previous quarterly dividend of $0.50. The ex-dividend date is Monday, May 14th. This represents a $2.08 annualized dividend and a dividend yield of 2.94%. Southwest Gas’s dividend payout ratio is 49.13%.
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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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