ARP Americas LP reduced its position in Southwest Gas Holdings Inc (NYSE:SWX) by 3.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,900 shares of the utilities provider’s stock after selling 226 shares during the quarter. ARP Americas LP’s holdings in Southwest Gas were worth $476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of SWX. Guggenheim Capital LLC increased its stake in Southwest Gas by 3.6% in the 4th quarter. Guggenheim Capital LLC now owns 104,732 shares of the utilities provider’s stock worth $7,957,000 after buying an additional 3,623 shares during the period. Jane Street Group LLC boosted its holdings in shares of Southwest Gas by 18.8% in the 4th quarter. Jane Street Group LLC now owns 2,709 shares of the utilities provider’s stock valued at $206,000 after buying an additional 429 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in shares of Southwest Gas in the 4th quarter valued at about $2,934,000. Verus Capital Partners LLC bought a new stake in shares of Southwest Gas in the 4th quarter valued at about $72,000. Finally, Norges Bank bought a new stake in shares of Southwest Gas in the 4th quarter valued at about $39,148,000. Institutional investors and hedge funds own 85.65% of the company’s stock.
SWX traded down $0.21 on Friday, reaching $69.64. The company’s stock had a trading volume of 266,093 shares, compared to its average volume of 256,096. The stock has a 50 day moving average of $68.67 and a two-hundred day moving average of $71.94. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 18.47, a P/E/G ratio of 3.03 and a beta of 0.26. Southwest Gas Holdings Inc has a fifty-two week low of $45.68 and a fifty-two week high of $92.94.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Friday, August 14th. Southwest Gas’s payout ratio is 57.87%.
In other Southwest Gas news, SVP Eric Debonis sold 400 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $75.10, for a total value of $30,040.00. Following the sale, the senior vice president now directly owns 12,964 shares of the company’s stock, valued at approximately $973,596.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.75% of the stock is currently owned by company insiders.
SWX has been the topic of a number of recent analyst reports. Wells Fargo & Co raised their price target on shares of Southwest Gas from $73.00 to $75.00 and gave the company an “underweight” rating in a report on Monday, May 11th. JPMorgan Chase & Co. decreased their price objective on shares of Southwest Gas from $85.00 to $81.00 and set an “overweight” rating for the company in a research report on Thursday, April 23rd. Citigroup decreased their price objective on shares of Southwest Gas from $90.00 to $87.00 and set a “neutral” rating for the company in a research report on Tuesday, April 28th. Jefferies Financial Group decreased their price objective on shares of Southwest Gas from $72.00 to $69.00 and set a “hold” rating for the company in a research report on Friday, July 24th. Finally, Zacks Investment Research cut shares of Southwest Gas from a “buy” rating to a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Southwest Gas presently has an average rating of “Hold” and a consensus price target of $77.83.
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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