Southwest Gas Holdings, Inc. (NYSE:SWX) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC raised its position in Southwest Gas Holdings, Inc. (NYSE:SWX) by 9,907.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 54,038 shares of the utilities provider’s stock after acquiring an additional 53,498 shares during the period. International Assets Investment Management LLC’s holdings in Southwest Gas were worth $3,423,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp boosted its holdings in Southwest Gas by 56.1% during the third quarter. Fifth Third Bancorp now owns 484 shares of the utilities provider’s stock worth $29,000 after buying an additional 174 shares in the last quarter. IFP Advisors Inc raised its position in shares of 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 buying an additional 194 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of 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 buying an additional 630 shares during the last quarter. NewEdge Advisors LLC increased its position in Southwest Gas by 207.3% during the first quarter. NewEdge Advisors LLC now owns 1,008 shares of the utilities provider’s stock worth $63,000 after purchasing an additional 680 shares during the last quarter. Finally, Captrust Financial Advisors increased its position in Southwest Gas by 173.4% during the first quarter. Captrust Financial Advisors now owns 1,780 shares of the utilities provider’s stock worth $139,000 after purchasing an additional 1,129 shares during the last quarter. Institutional investors and hedge funds own 92.77% of the company’s stock.

Analyst Upgrades and Downgrades

SWX has been the subject of several research analyst reports. StockNews.com raised shares of Southwest Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. Citigroup upped their price target on shares of 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 Price Performance

Southwest Gas stock opened at $73.58 on Thursday. Southwest Gas Holdings, Inc. has a 52-week low of $53.79 and a 52-week high of $76.75. The firm has a fifty day moving average of $69.40 and a 200-day moving average of $63.58. The firm has a market capitalization of $5.27 billion, a P/E ratio of 34.71, a PEG ratio of 3.49 and a beta of 0.36. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.39.

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

Southwest Gas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.37%. The ex-dividend date of this dividend is Tuesday, May 14th. Southwest Gas’s payout ratio is currently 116.98%.

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.