QS Investors LLC reduced its position in shares of Southwest Gas Holdings Inc (NYSE:SWX) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,796 shares of the utilities provider’s stock after selling 1,686 shares during the period. QS Investors LLC owned about 0.16% of Southwest Gas worth $6,261,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in SWX. First Republic Investment Management Inc. bought a new stake in shares of Southwest Gas during the fourth quarter worth about $203,000. Advisor Group Inc. grew its holdings in shares of Southwest Gas by 61.5% during the fourth quarter. Advisor Group Inc. now owns 2,545 shares of the utilities provider’s stock worth $205,000 after purchasing an additional 969 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Southwest Gas by 37.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,621 shares of the utilities provider’s stock worth $211,000 after purchasing an additional 718 shares during the last quarter. Ashfield Capital Partners LLC bought a new stake in shares of Southwest Gas during the third quarter worth about $212,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Southwest Gas during the third quarter worth about $238,000. Institutional investors own 80.14% of the company’s stock.
In related 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 value of $88,802.00. Following the sale, the senior vice president now directly owns 14,229 shares in the company, valued at $902,545.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.99% of the company’s stock.
Shares of Southwest Gas Holdings Inc (NYSE:SWX) opened at $70.65 on Wednesday. Southwest Gas Holdings Inc has a twelve month low of $62.53 and a twelve month high of $86.87. The firm has a market capitalization of $3,404.37, a PE ratio of 19.58 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 earnings results on Tuesday, February 27th. The utilities provider reported $1.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.50 by $0.08. Southwest Gas had a return on equity of 10.00% and a net margin of 7.61%. The business had revenue of $740.43 million for the quarter, compared to analysts’ expectations of $705.70 million. research analysts anticipate that Southwest Gas Holdings Inc will post 3.59 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Tuesday, May 15th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Monday, May 14th. This is a boost from Southwest Gas’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a yield of 2.94%. Southwest Gas’s dividend payout ratio is presently 49.13%.
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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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