Southwest Gas Holdings Inc (SWX) Holdings Reduced by Natixis Advisors L.P.
Natixis Advisors L.P. cut its holdings in shares of Southwest Gas Holdings Inc (NYSE:SWX) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,779 shares of the utilities provider’s stock after selling 2,870 shares during the quarter. Natixis Advisors L.P. owned approximately 0.16% of Southwest Gas worth $5,873,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of SWX. Private Capital Group LLC raised its stake in shares of Southwest Gas by 32.9% during the fourth quarter. Private Capital Group LLC now owns 562 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 139 shares in the last quarter. Westpac Banking Corp acquired a new stake in shares of Southwest Gas during the fourth quarter worth $57,000. Meeder Asset Management Inc. acquired a new stake in shares of Southwest Gas during the fourth quarter worth $63,000. Point72 Hong Kong Ltd acquired a new stake in shares of Southwest Gas during the third quarter worth $110,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Southwest Gas during the fourth quarter worth $214,000. 90.01% of the stock is currently owned by institutional investors and hedge funds.
In other news, SVP Eric Debonis sold 1,400 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $83.68, for a total transaction of $117,152.00. Following the completion of the transaction, the senior vice president now owns 12,464 shares in the company, valued at approximately $1,042,987.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.
Southwest Gas (NYSE:SWX) last posted its quarterly earnings data on Wednesday, February 27th. The utilities provider reported $1.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.17). Southwest Gas had a net margin of 6.33% and a return on equity of 9.11%. The business had revenue of $786.65 million for the quarter, compared to the consensus estimate of $375.47 million. During the same quarter last year, the business posted $2.00 EPS. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. Equities research analysts expect that Southwest Gas Holdings Inc will post 3.86 earnings per share for the current year.
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 dividend of $0.545 per share. This is a positive change from Southwest Gas’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $2.18 annualized dividend and a dividend yield of 2.63%. Southwest Gas’s dividend payout ratio (DPR) is 56.52%.
A number of brokerages have weighed in on SWX. Zacks Investment Research cut shares of Southwest Gas from a “hold” rating to a “sell” rating in a report on Thursday, February 21st. ValuEngine raised shares of Southwest Gas from a “hold” rating to a “buy” rating in a report on Tuesday, February 19th. UBS Group set a $93.00 price objective on shares of Southwest Gas and gave the stock a “buy” rating in a report on Friday, December 14th. Williams Capital increased their price objective on shares of Southwest Gas from $74.00 to $78.00 and gave the stock a “hold” rating in a report on Monday, December 3rd. Finally, Wells Fargo & Co increased their price objective on shares of Southwest Gas from $83.00 to $87.00 and gave the stock a “market perform” rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Southwest Gas has a consensus rating of “Hold” and a consensus target price of $81.86.
Southwest Gas Profile
Southwest Gas Holdings, Inc, through its subsidiaries, purchases, distributes, and transports natural gas in Arizona, Nevada, and California. The company operates through two segments: Natural Gas Operations and Utility Infrastructure Services. As of December 31, 2018, it had 2,047,000 residential, commercial, industrial, and other natural gas customers.
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