Channing Capital Management LLC lifted its stake in Southwest Gas Holdings, Inc. (NYSE:SWX - Free Report) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,270,072 shares of the utilities provider's stock after buying an additional 4,235 shares during the period. Southwest Gas comprises 2.4% of Channing Capital Management LLC's portfolio, making the stock its 10th biggest holding. Channing Capital Management LLC owned approximately 1.77% of Southwest Gas worth $89,807,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in shares of Southwest Gas by 48.2% during the 4th quarter. UMB Bank n.a. now owns 590 shares of the utilities provider's stock worth $42,000 after purchasing an additional 192 shares in the last quarter. ST Germain D J Co. Inc. lifted its position in Southwest Gas by 206.2% in the fourth quarter. ST Germain D J Co. Inc. now owns 845 shares of the utilities provider's stock worth $60,000 after purchasing an additional 569 shares during the period. Blue Trust Inc. boosted its stake in Southwest Gas by 18.8% during the fourth quarter. Blue Trust Inc. now owns 937 shares of the utilities provider's stock worth $69,000 after buying an additional 148 shares in the last quarter. AlphaQuest LLC increased its holdings in Southwest Gas by 94,500.0% in the 4th quarter. AlphaQuest LLC now owns 946 shares of the utilities provider's stock valued at $67,000 after buying an additional 945 shares during the period. Finally, KBC Group NV raised its stake in shares of Southwest Gas by 25.4% in the 3rd quarter. KBC Group NV now owns 1,839 shares of the utilities provider's stock valued at $136,000 after buying an additional 373 shares in the last quarter. 92.77% of the stock is owned by institutional investors and hedge funds.
Southwest Gas Price Performance
SWX stock traded up $1.53 during midday trading on Friday, reaching $75.00. 408,378 shares of the company's stock traded hands, compared to its average volume of 337,328. The company has a 50-day simple moving average of $73.94 and a two-hundred day simple moving average of $73.79. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.21. Southwest Gas Holdings, Inc. has a 1-year low of $64.31 and a 1-year high of $80.29. The company has a market cap of $5.39 billion, a price-to-earnings ratio of 30.24, a PEG ratio of 3.16 and a beta of 0.37.
Southwest Gas (NYSE:SWX - Get Free Report) last announced its earnings results on Wednesday, February 26th. The utilities provider reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.18. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.35 billion. Southwest Gas had a return on equity of 5.99% and a net margin of 3.44%. On average, analysts anticipate that Southwest Gas Holdings, Inc. will post 3.03 earnings per share for the current year.
Southwest Gas Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be given a dividend of $0.62 per share. The ex-dividend date is Thursday, May 15th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.31%. Southwest Gas's payout ratio is 90.18%.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Southwest Gas in a research report on Tuesday, January 14th. They issued a "hold" rating and a $73.00 price target for the company. JPMorgan Chase & Co. dropped their price objective on Southwest Gas from $76.00 to $72.00 and set a "neutral" rating for the company in a research note on Tuesday, January 28th. LADENBURG THALM/SH SH upgraded shares of Southwest Gas to a "strong-buy" rating in a research note on Friday, January 24th. Finally, Bank of America reiterated an "underperform" rating and set a $73.00 target price on shares of Southwest Gas in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $74.00.
View Our Latest Research Report on Southwest Gas
Southwest Gas Company Profile
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Free Report)
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.
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