Teacher Retirement System of Texas Boosts Stock Position in Southwest Gas Holdings, Inc. (NYSE:SWX)

Teacher Retirement System of Texas boosted its holdings in shares of Southwest Gas Holdings, Inc. (NYSE:SWXFree Report) by 24.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,861 shares of the utilities provider’s stock after acquiring an additional 1,346 shares during the quarter. Teacher Retirement System of Texas’ holdings in Southwest Gas were worth $435,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Allworth Financial LP lifted its holdings in shares of Southwest Gas by 520.4% in the 4th quarter. Allworth Financial LP now owns 3,071 shares of the utilities provider’s stock worth $195,000 after buying an additional 2,576 shares during the period. NBC Securities Inc. purchased a new stake in shares of Southwest Gas in the 3rd quarter worth $219,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Southwest Gas in the 4th quarter worth $333,000. Optas LLC lifted its holdings in shares of Southwest Gas by 20.9% in the 4th quarter. Optas LLC now owns 5,500 shares of the utilities provider’s stock worth $348,000 after buying an additional 951 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Southwest Gas by 2.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 7,700 shares of the utilities provider’s stock worth $465,000 after buying an additional 205 shares during the period. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Southwest Gas Trading Down 0.3 %

SWX opened at $76.19 on Tuesday. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 28.54, a PEG ratio of 3.72 and a beta of 0.36. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.39. Southwest Gas Holdings, Inc. has a 12 month low of $56.17 and a 12 month high of $78.46. The stock has a fifty day moving average price of $74.90 and a 200-day moving average price of $67.02.

Southwest Gas (NYSE:SWXGet Free Report) last announced its earnings results on Wednesday, May 8th. The utilities provider reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.70 by ($0.33). Southwest Gas had a net margin of 3.56% and a return on equity of 6.71%. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the company earned $1.69 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. As a group, equities research analysts anticipate that Southwest Gas Holdings, Inc. will post 3.42 earnings per share for the current fiscal year.

Southwest Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.26%. The ex-dividend date is Thursday, August 15th. Southwest Gas’s dividend payout ratio is currently 92.88%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SWX. Citigroup boosted their price target on Southwest Gas from $64.00 to $73.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th. Wells Fargo & Company began coverage on Southwest Gas in a research report on Monday, May 13th. They issued an “equal weight” rating and a $77.00 price target for the company.

Get Our Latest Analysis on SWX

Insider Activity at Southwest Gas

In related news, insider Justin L. Brown sold 2,625 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $76.50, for a total transaction of $200,812.50. Following the transaction, the insider now directly owns 23,830 shares of the company’s stock, valued at approximately $1,822,995. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.39% of the stock is currently owned by corporate insiders.

About Southwest Gas

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SWX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southwest Gas Holdings, Inc. (NYSE:SWXFree Report).

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

Receive News & Ratings for Southwest Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Gas and related companies with MarketBeat.com's FREE daily email newsletter.