First Mercantile Trust Co. decreased its holdings in Southwest Gas Holdings Inc (NYSE:SWX) by 8.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,210 shares of the utilities provider’s stock after selling 210 shares during the quarter. First Mercantile Trust Co.’s holdings in Southwest Gas were worth $169,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of SWX. Private Capital Group LLC lifted its stake in Southwest Gas by 32.9% in the fourth quarter. Private Capital Group LLC now owns 562 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 139 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Southwest Gas in the fourth quarter worth approximately $63,000. Point72 Hong Kong Ltd purchased a new position in Southwest Gas in the third quarter worth approximately $110,000. Raymond James Trust N.A. purchased a new position in Southwest Gas in the third quarter worth approximately $222,000. Finally, GAM Holding AG purchased a new position in Southwest Gas in the third quarter worth approximately $241,000. 82.45% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on the stock. ValuEngine upgraded shares of Southwest Gas from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Zacks Investment Research downgraded shares of Southwest Gas from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 19th. UBS Group set a $93.00 price target on shares of Southwest Gas and gave the stock a “buy” rating in a research note on Friday, December 14th. Finally, Williams Capital lifted their price target on shares of Southwest Gas from $74.00 to $78.00 and gave the stock a “hold” rating in a research note on Monday, December 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. Southwest Gas presently has an average rating of “Hold” and a consensus price target of $81.29.
Shares of NYSE:SWX opened at $78.50 on Monday. The company has a market cap of $3.88 billion, a PE ratio of 21.69, a P/E/G ratio of 3.94 and a beta of 0.35. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.09. Southwest Gas Holdings Inc has a twelve month low of $62.53 and a twelve month high of $85.97.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 15th will be given a dividend of $0.52 per share. The ex-dividend date is Thursday, February 14th. This represents a $2.08 annualized dividend and a dividend yield of 2.65%. Southwest Gas’s dividend payout ratio is presently 57.46%.
Southwest Gas Company Profile
Southwest Gas Holdings, Inc, through its subsidiaries, purchases, distributes, and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Operations and Construction Services segments. As of December 31, 2017, it had 2,015,000 residential, commercial, industrial, and other natural gas customers.
Featured Story: How is an ETF different from a mutual fund?
Want to see what other hedge funds are holding SWX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southwest Gas Holdings Inc (NYSE:SWX).
Receive News & Ratings for Southwest Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Gas and related companies with MarketBeat.com's FREE daily email newsletter.