SG Americas Securities LLC Has $255,000 Stock Holdings in Southwest Gas Holdings, Inc. (NYSE:SWX)

SG Americas Securities LLC grew its position in Southwest Gas Holdings, Inc. (NYSE:SWX) by 68.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 3,456 shares of the utilities provider’s stock after acquiring an additional 1,402 shares during the period. SG Americas Securities LLC’s holdings in Southwest Gas were worth $255,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC raised its position in Southwest Gas by 154.8% during the 2nd quarter. GAMMA Investing LLC now owns 428 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 260 shares during the last quarter. Blue Trust Inc. raised its position in shares of Southwest Gas by 96.6% in the 2nd quarter. Blue Trust Inc. now owns 574 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 282 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Southwest Gas in the 2nd quarter worth about $49,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Southwest Gas in the 2nd quarter worth about $72,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Southwest Gas in the 1st quarter worth about $115,000. 92.77% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Robert J. Stefani sold 767 shares of the company’s stock in a transaction 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 directly owns 43,438 shares in the company, valued at approximately $3,177,055.32. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Wells Fargo & Company raised their target price on Southwest Gas from $74.00 to $78.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. cut their price target on Southwest Gas from $78.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th.

Southwest Gas Price Performance

Southwest Gas stock opened at $73.65 on Tuesday. Southwest Gas Holdings, Inc. has a 52 week low of $56.17 and a 52 week high of $78.46. The company’s 50 day moving average price is $72.62 and its two-hundred day moving average price is $73.56. 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 stock has a market cap of $5.28 billion, a P/E ratio of 29.23, a P/E/G ratio of 3.89 and a beta of 0.38.

Southwest Gas (NYSE:SWX) last posted its earnings results on Tuesday, August 6th. The utilities provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.17). The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.20 billion. Southwest Gas had a return on equity of 6.18% and a net margin of 3.44%. Southwest Gas’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 EPS. On average, equities analysts predict that Southwest Gas Holdings, Inc. will post 3.21 earnings per share for the current year.

Southwest Gas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.62 per share. The ex-dividend date is Friday, November 15th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.37%. Southwest Gas’s dividend payout ratio (DPR) is currently 98.41%.

About Southwest Gas

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.