Southwest Gas Holdings, Inc. (NYSE:SWX) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Southwest Gas Holdings, Inc. (NYSE:SWX) by 9.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,099 shares of the utilities provider’s stock after purchasing an additional 1,260 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Southwest Gas were worth $893,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SWX. Fifth Third Bancorp grew its stake in Southwest Gas by 56.1% in the 3rd quarter. Fifth Third Bancorp now owns 484 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 174 shares during the last quarter. Assetmark Inc. raised its position in shares of Southwest Gas by 16.8% during the 3rd quarter. Assetmark Inc. now owns 2,571 shares of the utilities provider’s stock worth $155,000 after purchasing an additional 369 shares during the last quarter. Allworth Financial LP grew its holdings in Southwest Gas by 520.4% during the 4th quarter. Allworth Financial LP now owns 3,071 shares of the utilities provider’s stock valued at $195,000 after buying an additional 2,576 shares during the last quarter. NBC Securities Inc. acquired a new stake in Southwest Gas during the 3rd quarter valued at $219,000. Finally, Cable Hill Partners LLC purchased a new position in Southwest Gas during the third quarter worth $230,000. Institutional investors and hedge funds own 92.77% of the company’s stock.

Southwest Gas Stock Down 1.3 %

NYSE SWX opened at $75.00 on Monday. The business has a 50 day moving average price of $71.54 and a two-hundred day moving average price of $64.38. Southwest Gas Holdings, Inc. has a fifty-two week low of $53.79 and a fifty-two week high of $76.75. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.39. The stock has a market cap of $5.37 billion, a PE ratio of 35.38, a P/E/G ratio of 3.62 and a beta of 0.36.

Southwest Gas (NYSE:SWX) last issued its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.16. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.27 billion. Southwest Gas had a net margin of 2.78% and a return on equity of 7.28%. As a group, sell-side analysts predict that Southwest Gas Holdings, Inc. will post 3.45 EPS for the current fiscal year.

Southwest Gas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.48 dividend on an annualized basis and a yield of 3.31%. Southwest Gas’s dividend payout ratio is currently 116.98%.

Analyst Upgrades and Downgrades

Separately, Citigroup lifted their price objective on Southwest Gas from $64.00 to $73.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th.

Southwest Gas Company Profile

Southwest Gas Holdings, Inc, through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage segments. It also provides trenching, installation, and replacement of underground pipes, as well as maintenance services for energy distribution systems.