GW&K Investment Management LLC Sells 1,556 Shares of Southwest Gas Holdings, Inc. (NYSE:SWX)

GW&K Investment Management LLC lowered its stake in Southwest Gas Holdings, Inc. (NYSE:SWXFree Report) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,658 shares of the utilities provider’s stock after selling 1,556 shares during the quarter. GW&K Investment Management LLC owned approximately 0.06% of Southwest Gas worth $2,576,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in shares of Southwest Gas by 9,907.0% during the fourth quarter. International Assets Investment Management LLC now owns 54,038 shares of the utilities provider’s stock worth $3,423,000 after purchasing an additional 53,498 shares during the period. Knights of Columbus Asset Advisors LLC lifted its position in shares of Southwest Gas by 94.6% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 75,923 shares of the utilities provider’s stock worth $4,810,000 after purchasing an additional 36,900 shares during the period. FMR LLC boosted its stake in shares of Southwest Gas by 519.3% in the 3rd quarter. FMR LLC now owns 782,898 shares of the utilities provider’s stock valued at $47,295,000 after purchasing an additional 656,473 shares during the last quarter. UBS Group AG increased its position in shares of Southwest Gas by 140.4% during the third quarter. UBS Group AG now owns 108,032 shares of the utilities provider’s stock worth $6,526,000 after buying an additional 63,086 shares during the period. Finally, Wellington Management Group LLP raised its stake in Southwest Gas by 20.9% during the third quarter. Wellington Management Group LLP now owns 851,550 shares of the utilities provider’s stock worth $51,442,000 after buying an additional 147,294 shares during the last quarter. 92.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SWX has been the topic of several research analyst reports. Citigroup upped their target price on Southwest Gas from $64.00 to $73.00 and gave the company a “neutral” rating in a research report on Thursday, February 29th. Wells Fargo & Company started coverage on shares of Southwest Gas in a research report on Monday, May 13th. They set an “equal weight” rating and a $77.00 price objective for the company.

Get Our Latest Stock Report on Southwest Gas

Insider Transactions at Southwest Gas

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

Southwest Gas Stock Performance

SWX opened at $77.50 on Thursday. 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 1-year low of $56.17 and a 1-year high of $78.46. The company’s fifty day moving average price is $74.57 and its two-hundred day moving average price is $66.60. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 3.82 and a beta of 0.36.

Southwest Gas (NYSE:SWXGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The utilities provider reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.33). Southwest Gas had a return on equity of 6.71% and a net margin of 3.56%. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the company earned $1.69 earnings per share. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, analysts expect that Southwest Gas Holdings, Inc. will post 3.42 EPS for the current fiscal year.

Southwest Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders 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 dividend yield of 3.20%. The ex-dividend date of this dividend is Thursday, August 15th. Southwest Gas’s dividend payout ratio (DPR) is presently 92.88%.

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.

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

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