Mutual of America Capital Management LLC Has $2.36 Million Holdings in Southwest Gas Holdings, Inc. (NYSE:SWX)

Mutual of America Capital Management LLC lessened its position in Southwest Gas Holdings, Inc. (NYSE:SWX) by 4.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 37,169 shares of the utilities provider’s stock after selling 1,909 shares during the period. Mutual of America Capital Management LLC’s holdings in Southwest Gas were worth $2,355,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James & Associates lifted its holdings in shares of Southwest Gas by 0.6% in the first quarter. Raymond James & Associates now owns 22,510 shares of the utilities provider’s stock valued at $1,762,000 after purchasing an additional 145 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of 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 in the last quarter. IFP Advisors Inc lifted its holdings 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 purchasing an additional 194 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Southwest Gas by 2.7% in the third quarter. Janney Montgomery Scott LLC now owns 7,700 shares of the utilities provider’s stock valued at $465,000 after purchasing an additional 205 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in shares of Southwest Gas by 7.3% in the first quarter. Mackenzie Financial Corp now owns 3,425 shares of the utilities provider’s stock valued at $268,000 after purchasing an additional 232 shares in the last quarter. Institutional investors and hedge funds own 92.77% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on SWX shares. StockNews.com upgraded Southwest Gas from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Citigroup lifted their price target 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 Stock Performance

Shares of Southwest Gas stock opened at $73.48 on Friday. The business’s fifty day simple moving average is $69.98 and its 200 day simple moving average is $63.75. The firm has a market capitalization of $5.26 billion, a P/E ratio of 34.66, a price-to-earnings-growth ratio of 3.54 and a beta of 0.36. Southwest Gas Holdings, Inc. has a 12 month low of $53.79 and a 12 month high of $76.75. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.39.

Southwest Gas (NYSE:SWX) last issued its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $1.13 EPS 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 analyst estimates of $1.27 billion. Southwest Gas had a return on equity of 7.28% and a net margin of 2.78%. As a group, analysts anticipate that Southwest Gas Holdings, Inc. will post 3.45 EPS for the current year.

Southwest Gas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.48 annualized dividend and a dividend yield of 3.38%. Southwest Gas’s payout ratio is presently 116.98%.

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.