SG Americas Securities LLC Trims Stock Holdings in Southwest Gas Holdings, Inc. (NYSE:SWX)

SG Americas Securities LLC lowered its holdings in Southwest Gas Holdings, Inc. (NYSE:SWX) by 97.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,656 shares of the utilities provider’s stock after selling 127,496 shares during the period. SG Americas Securities LLC’s holdings in Southwest Gas were worth $232,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fifth Third Bancorp boosted its holdings in Southwest Gas by 56.1% in the third quarter. Fifth Third Bancorp now owns 484 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 174 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Southwest Gas in the third quarter valued at about $34,000. IFP Advisors Inc boosted its holdings in Southwest Gas by 37.4% in the second quarter. IFP Advisors Inc now owns 713 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 194 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Southwest Gas by 256.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 876 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 630 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in Southwest Gas by 207.3% during the 1st quarter. NewEdge Advisors LLC now owns 1,008 shares of the utilities provider’s stock worth $63,000 after buying an additional 680 shares during the last quarter. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Southwest Gas Trading Down 0.5 %

NYSE:SWX opened at $73.02 on Friday. 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 business’s 50 day moving average is $68.26 and its two-hundred day moving average is $63.25. Southwest Gas Holdings, Inc. has a 52 week low of $53.79 and a 52 week high of $76.75. The company has a market cap of $5.23 billion, a PE ratio of 34.44, a P/E/G ratio of 3.70 and a beta of 0.36.

Southwest Gas (NYSE:SWX) last announced its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.16. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Southwest Gas had a return on equity of 7.28% and a net margin of 2.78%. On average, analysts predict that Southwest Gas Holdings, Inc. will post 3.41 EPS for the current year.

Southwest Gas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date is Tuesday, May 14th. Southwest Gas’s payout ratio is 116.98%.

Analysts Set New Price Targets

A number of research firms have commented on SWX. StockNews.com raised Southwest Gas from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Citigroup increased their target price on Southwest Gas from $64.00 to $73.00 and gave the stock a “neutral” rating in a report on Thursday, February 29th.

Southwest Gas 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.