Natixis Advisors LLC Sells 150 Shares of Southwest Gas Holdings, Inc. (NYSE:SWX)

Natixis Advisors LLC lessened its stake in Southwest Gas Holdings, Inc. (NYSE:SWX) by 1.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,279 shares of the utilities provider’s stock after selling 150 shares during the quarter. Natixis Advisors LLC’s holdings in Southwest Gas were worth $794,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SWX. Gabelli Funds LLC increased its position in shares of Southwest Gas by 0.6% in the 1st quarter. Gabelli Funds LLC now owns 1,223,021 shares of the utilities provider’s stock valued at $93,109,000 after buying an additional 6,786 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Southwest Gas by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 1,197,754 shares of the utilities provider’s stock valued at $91,185,000 after purchasing an additional 27,500 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Southwest Gas by 24.4% in the 4th quarter. Wellington Management Group LLP now owns 1,059,348 shares of the utilities provider’s stock valued at $67,110,000 after purchasing an additional 207,798 shares during the period. Bank of New York Mellon Corp increased its stake in Southwest Gas by 6.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,053,094 shares of the utilities provider’s stock worth $74,117,000 after purchasing an additional 68,254 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in Southwest Gas by 3.6% during the 1st quarter. Gamco Investors INC. ET AL now owns 889,426 shares of the utilities provider’s stock worth $67,712,000 after buying an additional 31,063 shares during the period. Institutional investors and hedge funds own 92.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Wells Fargo & Company dropped their price objective on shares of Southwest Gas from $77.00 to $74.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 7th. JPMorgan Chase & Co. dropped their price target on Southwest Gas from $78.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th.

Southwest Gas Stock Performance

NYSE SWX opened at $69.91 on Friday. The firm has a 50-day moving average price of $71.99 and a two-hundred day moving average price of $73.13. Southwest Gas Holdings, Inc. has a 12-month low of $56.17 and a 12-month high of $78.46. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.38. The company has a market capitalization of $5.01 billion, a P/E ratio of 26.18, a P/E/G ratio of 3.57 and a beta of 0.38.

Southwest Gas (NYSE:SWX) last announced its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.17). The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.20 billion. Southwest Gas had a net margin of 3.44% and a return on equity of 6.18%. The business’s revenue was down 8.6% compared to the same quarter last year. During the same period last year, the business earned $0.47 earnings per share. Analysts anticipate that Southwest Gas Holdings, Inc. will post 3.2 earnings per share for the current year.

Insider Activity

In related news, CFO Robert J. Stefani sold 767 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $73.14, for a total value of $56,098.38. Following the completion of the transaction, the chief financial officer now owns 43,438 shares in the company, valued at approximately $3,177,055.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.39% of the company’s stock.

Southwest Gas 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.