Mason Street Advisors LLC lifted its position in Southwest Gas Holdings Inc (NYSE:SWX) by 1.7% in the first quarter, Holdings Channel reports. The institutional investor owned 28,226 shares of the utilities provider’s stock after purchasing an additional 465 shares during the period. Mason Street Advisors LLC’s holdings in Southwest Gas were worth $2,322,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Hanson McClain Inc. lifted its position in Southwest Gas by 173.5% during the 1st quarter. Hanson McClain Inc. now owns 547 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 347 shares during the period. State Board of Administration of Florida Retirement System increased its stake in Southwest Gas by 1.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 23,749 shares of the utilities provider’s stock worth $1,954,000 after purchasing an additional 370 shares in the last quarter. Moody Aldrich Partners LLC increased its stake in Southwest Gas by 138.4% during the 1st quarter. Moody Aldrich Partners LLC now owns 43,793 shares of the utilities provider’s stock worth $3,602,000 after purchasing an additional 25,423 shares in the last quarter. Texas Permanent School Fund increased its stake in Southwest Gas by 3.9% during the 1st quarter. Texas Permanent School Fund now owns 36,040 shares of the utilities provider’s stock worth $2,965,000 after purchasing an additional 1,358 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in Southwest Gas by 4.4% during the 1st quarter. Rhumbline Advisers now owns 164,396 shares of the utilities provider’s stock worth $13,523,000 after purchasing an additional 6,858 shares in the last quarter. Institutional investors and hedge funds own 84.60% of the company’s stock.

In other news, SVP Eric Debonis sold 1,400 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $83.68, for a total value of $117,152.00. Following the completion of the sale, the senior vice president now owns 12,464 shares of the company’s stock, valued at approximately $1,042,987.52. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul M. Daily acquired 325 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was bought at an average cost of $83.00 per share, with a total value of $26,975.00. Following the acquisition, the insider now owns 325 shares in the company, valued at approximately $26,975. The disclosure for this purchase can be found here. Insiders have sold a total of 5,450 shares of company stock valued at $459,207 over the last ninety days. Company insiders own 0.83% of the company’s stock.

A number of research firms recently issued reports on SWX. Zacks Investment Research cut Southwest Gas from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. Wells Fargo & Co reissued a “hold” rating on shares of Southwest Gas in a research note on Friday, May 10th. UBS Group cut Southwest Gas from a “buy” rating to a “neutral” rating and increased their target price for the stock from $88.00 to $89.00 in a research note on Friday, March 29th. Finally, Williams Capital reissued a “hold” rating on shares of Southwest Gas in a research note on Monday, March 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $84.33.

Shares of SWX opened at $85.55 on Thursday. The company has a market cap of $4.51 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 3.50 and a beta of 0.37. Southwest Gas Holdings Inc has a twelve month low of $70.90 and a twelve month high of $85.97. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.85 and a quick ratio of 0.85.

Southwest Gas (NYSE:SWX) last issued its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.19. The company had revenue of $807.10 million during the quarter, compared to analysts’ expectations of $516.97 million. Southwest Gas had a net margin of 6.69% and a return on equity of 9.34%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the business earned $1.63 EPS. As a group, sell-side analysts expect that Southwest Gas Holdings Inc will post 3.92 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.545 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $2.18 annualized dividend and a dividend yield of 2.55%. Southwest Gas’s dividend payout ratio is currently 59.24%.

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About Southwest Gas

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

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