Fox Run Management L.L.C. Has $850,000 Holdings in Southwest Gas Holdings, Inc. (NYSE:SWX)

Fox Run Management L.L.C. lifted its position in shares of Southwest Gas Holdings, Inc. (NYSE:SWX - Free Report) by 178.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,016 shares of the utilities provider's stock after acquiring an additional 7,699 shares during the quarter. Fox Run Management L.L.C.'s holdings in Southwest Gas were worth $850,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. UMB Bank n.a. lifted its position in Southwest Gas by 48.2% during the 4th quarter. UMB Bank n.a. now owns 590 shares of the utilities provider's stock valued at $42,000 after purchasing an additional 192 shares during the period. ST Germain D J Co. Inc. raised its stake in shares of Southwest Gas by 206.2% during the fourth quarter. ST Germain D J Co. Inc. now owns 845 shares of the utilities provider's stock worth $60,000 after buying an additional 569 shares during the last quarter. Blue Trust Inc. lifted its holdings in Southwest Gas by 18.8% in the fourth quarter. Blue Trust Inc. now owns 937 shares of the utilities provider's stock valued at $69,000 after buying an additional 148 shares during the period. AlphaQuest LLC boosted its stake in Southwest Gas by 94,500.0% in the fourth quarter. AlphaQuest LLC now owns 946 shares of the utilities provider's stock valued at $67,000 after acquiring an additional 945 shares during the last quarter. Finally, KBC Group NV grew its holdings in Southwest Gas by 54.0% during the 4th quarter. KBC Group NV now owns 2,832 shares of the utilities provider's stock worth $200,000 after acquiring an additional 993 shares during the period. Institutional investors and hedge funds own 92.77% of the company's stock.

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Insider Transactions at Southwest Gas

In related news, major shareholder Carl C. Icahn sold 2,100,000 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $74.60, for a total value of $156,660,000.00. Following the completion of the sale, the insider now directly owns 7,532,604 shares in the company, valued at $561,932,258.40. The trade was a 21.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.39% of the stock is currently owned by corporate insiders.

Southwest Gas Stock Up 1.1 %

SWX stock traded up $0.80 during trading hours on Friday, reaching $72.87. 424,019 shares of the stock were exchanged, compared to its average volume of 351,730. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 29.38, a PEG ratio of 3.16 and a beta of 0.37. The firm's 50-day moving average is $74.91 and its 200-day moving average is $74.04. Southwest Gas Holdings, Inc. has a 12 month low of $64.31 and a 12 month high of $80.29. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85.

Southwest Gas (NYSE:SWX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The utilities provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.21 by $0.18. The firm had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.35 billion. Southwest Gas had a net margin of 3.44% and a return on equity of 5.99%. On average, equities research analysts expect that Southwest Gas Holdings, Inc. will post 3.03 earnings per share for the current year.

Southwest Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.48 annualized dividend and a dividend yield of 3.40%. Southwest Gas's dividend payout ratio is currently 90.18%.

Analyst Ratings Changes

A number of research analysts recently issued reports on SWX shares. LADENBURG THALM/SH SH upgraded shares of Southwest Gas to a "strong-buy" rating in a report on Monday, March 17th. Bank of America restated an "underperform" rating and issued a $73.00 price objective on shares of Southwest Gas in a research report on Friday, December 13th. JPMorgan Chase & Co. reduced their target price on Southwest Gas from $76.00 to $72.00 and set a "neutral" rating on the stock in a report on Tuesday, January 28th. Finally, Jefferies Financial Group initiated coverage on Southwest Gas in a report on Tuesday, January 14th. They issued a "hold" rating and a $73.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $74.00.

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.