Crossmark Global Holdings Inc. Acquires 330 Shares of Southwest Gas Holdings, Inc. (NYSE:SWX)

Crossmark Global Holdings Inc. increased its holdings in shares of Southwest Gas Holdings, Inc. (NYSE:SWXGet Rating) by 6.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 5,685 shares of the utilities provider’s stock after acquiring an additional 330 shares during the period. Crossmark Global Holdings Inc.’s holdings in Southwest Gas were worth $397,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. lifted its stake in shares of Southwest Gas by 370.4% during the 2nd quarter. Victory Capital Management Inc. now owns 97,732 shares of the utilities provider’s stock worth $8,511,000 after acquiring an additional 76,956 shares during the last quarter. ARGI Investment Services LLC raised its position in Southwest Gas by 10.6% during the 2nd quarter. ARGI Investment Services LLC now owns 15,298 shares of the utilities provider’s stock valued at $1,332,000 after purchasing an additional 1,467 shares in the last quarter. Deutsche Bank AG raised its position in Southwest Gas by 43.8% during the 2nd quarter. Deutsche Bank AG now owns 105,653 shares of the utilities provider’s stock valued at $9,201,000 after purchasing an additional 32,157 shares in the last quarter. Northern Trust Corp raised its position in Southwest Gas by 8.0% during the 2nd quarter. Northern Trust Corp now owns 988,751 shares of the utilities provider’s stock valued at $86,100,000 after purchasing an additional 73,141 shares in the last quarter. Finally, Money Concepts Capital Corp raised its position in Southwest Gas by 4,735.7% during the 3rd quarter. Money Concepts Capital Corp now owns 11,122 shares of the utilities provider’s stock valued at $776,000 after purchasing an additional 10,892 shares in the last quarter. 87.59% of the stock is owned by institutional investors.

Southwest Gas Trading Up 0.6 %

Shares of NYSE:SWX opened at $66.53 on Tuesday. Southwest Gas Holdings, Inc. has a 12-month low of $59.51 and a 12-month high of $95.62. The business’s fifty day simple moving average is $66.13 and its 200-day simple moving average is $73.13. The company has a market capitalization of $4.46 billion, a PE ratio of 27.16, a P/E/G ratio of 3.22 and a beta of 0.24. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.72.

Southwest Gas (NYSE:SWXGet Rating) last announced its earnings results on Wednesday, November 9th. The utilities provider reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.33). Southwest Gas had a return on equity of 6.51% and a net margin of 3.18%. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.09 billion. As a group, equities research analysts predict that Southwest Gas Holdings, Inc. will post 3.28 earnings per share for the current fiscal year.

Southwest Gas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Investors of record on Wednesday, February 15th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, February 14th. This represents a $2.48 annualized dividend and a yield of 3.73%. Southwest Gas’s dividend payout ratio (DPR) is 101.22%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SWX. Wells Fargo & Company lifted their target price on Southwest Gas from $66.00 to $73.00 in a research report on Wednesday, December 14th. Bank of America lowered Southwest Gas from a “buy” rating to a “neutral” rating and decreased their target price for the company from $87.00 to $65.00 in a research report on Wednesday, November 30th. TheStreet downgraded Southwest Gas from a “b-” rating to a “c+” rating in a report on Thursday, December 15th. Finally, StockNews.com upgraded Southwest Gas from a “sell” rating to a “hold” rating in a report on Thursday, January 19th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $79.33.

Southwest Gas Profile

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Southwest Gas Holdings, Inc engages in the energy business. It operates through the following business segments: Natural Gas Operations and Utility Infrastructure Services. The Natural Gas Operations segment focuses on purchasing, distribution, and transportation of natural gas in Arizona, California, and Nevada.

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Institutional Ownership by Quarter for Southwest Gas (NYSE:SWX)

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