XTX Topco Ltd Purchases New Shares in Southwest Gas Holdings, Inc. (NYSE:SWX)

XTX Topco Ltd acquired a new position in Southwest Gas Holdings, Inc. (NYSE:SWX) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,945 shares of the utilities provider’s stock, valued at approximately $217,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Maverick Capital Ltd. raised its stake in Southwest Gas by 18.5% in the third quarter. Maverick Capital Ltd. now owns 1,765,148 shares of the utilities provider’s stock worth $130,197,000 after buying an additional 275,992 shares in the last quarter. Zimmer Partners LP purchased a new position in shares of Southwest Gas during the 3rd quarter worth approximately $6,823,000. Dimensional Fund Advisors LP raised its position in shares of Southwest Gas by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 985,566 shares of the utilities provider’s stock worth $69,370,000 after acquiring an additional 84,987 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Southwest Gas by 6.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,053,094 shares of the utilities provider’s stock valued at $74,117,000 after purchasing an additional 68,254 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Southwest Gas by 41.9% during the second quarter. Victory Capital Management Inc. now owns 206,114 shares of the utilities provider’s stock valued at $14,506,000 after purchasing an additional 60,856 shares in the last quarter. 92.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Southwest Gas

In other news, major shareholder Carl C. Icahn sold 1,390,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $76.74, for a total value of $106,668,600.00. Following the completion of the transaction, the insider now owns 9,632,604 shares in the company, valued at $739,206,030.96. The trade was a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.39% of the stock is currently owned by insiders.

Southwest Gas Trading Up 2.5 %

NYSE SWX opened at $69.57 on Friday. Southwest Gas Holdings, Inc. has a 12 month low of $57.55 and a 12 month high of $80.29. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.21. The stock’s fifty day moving average price is $75.13 and its 200-day moving average price is $73.54. The stock has a market cap of $4.99 billion, a P/E ratio of 28.05, a P/E/G ratio of 3.84 and a beta of 0.41.

Southwest Gas (NYSE:SWX) last released its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.12 billion. Southwest Gas had a net margin of 3.44% and a return on equity of 5.99%. Southwest Gas’s revenue was down 7.7% compared to the same quarter last year. During the same period last year, the business earned $0.10 EPS. As a group, equities analysts forecast that Southwest Gas Holdings, Inc. will post 3.16 EPS for the current fiscal year.

Southwest Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.48 dividend on an annualized basis and a yield of 3.56%. Southwest Gas’s payout ratio is currently 100.00%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SWX. Wells Fargo & Company increased their price objective on Southwest Gas from $74.00 to $78.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Bank of America reissued an “underperform” rating and set a $73.00 price target on shares of Southwest Gas in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $73.50.

Southwest Gas Company 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.