Victory Capital Management Inc. Has $11.88 Million Position in Southwest Gas Holdings, Inc. (NYSE:SWX)

Victory Capital Management Inc. reduced its position in shares of Southwest Gas Holdings, Inc. (NYSE:SWX - Free Report) by 14.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 167,998 shares of the utilities provider's stock after selling 27,540 shares during the period. Victory Capital Management Inc. owned about 0.23% of Southwest Gas worth $11,879,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SWX. Charles Schwab Investment Management Inc. grew its holdings in shares of Southwest Gas by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 990,723 shares of the utilities provider's stock valued at $70,054,000 after acquiring an additional 12,913 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Southwest Gas by 60.7% during the 4th quarter. Jones Financial Companies Lllp now owns 27,809 shares of the utilities provider's stock worth $1,966,000 after purchasing an additional 10,500 shares during the last quarter. Bailard Inc. raised its stake in shares of Southwest Gas by 43.3% during the 4th quarter. Bailard Inc. now owns 8,600 shares of the utilities provider's stock worth $608,000 after purchasing an additional 2,600 shares in the last quarter. Sage Investment Counsel LLC acquired a new stake in shares of Southwest Gas in the 4th quarter valued at approximately $272,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Southwest Gas in the fourth quarter valued at $1,000,000. Institutional investors and hedge funds own 92.77% of the company's stock.

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Analyst Ratings Changes

A number of analysts have commented on SWX shares. LADENBURG THALM/SH SH upgraded shares of Southwest Gas to a "strong-buy" rating in a research note on Friday, January 24th. JPMorgan Chase & Co. cut their target price on shares of Southwest Gas from $76.00 to $72.00 and set a "neutral" rating for the company in a research note on Tuesday, January 28th. Jefferies Financial Group started coverage on Southwest Gas in a research report on Tuesday, January 14th. They set a "hold" rating and a $73.00 price target on the stock. Finally, Bank of America reaffirmed an "underperform" rating and set a $73.00 price objective 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 issued a hold rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $74.00.

Southwest Gas Stock Performance

NYSE:SWX traded up $1.34 during mid-day trading on Monday, hitting $76.26. 353,508 shares of the stock were exchanged, compared to its average volume of 330,497. The firm's 50-day simple moving average is $74.07 and its 200 day simple moving average is $73.83. The stock has a market capitalization of $5.48 billion, a price-to-earnings ratio of 30.75, a price-to-earnings-growth ratio of 3.16 and a beta of 0.37. Southwest Gas Holdings, Inc. has a fifty-two week low of $64.31 and a fifty-two week high of $80.29. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.85 and a current ratio of 0.85.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.18. Southwest Gas had a net margin of 3.44% and a return on equity of 5.99%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.35 billion. As a group, equities analysts anticipate that Southwest Gas Holdings, Inc. will post 3.03 EPS for the current fiscal 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 is Thursday, May 15th. This represents a $2.48 annualized dividend and a yield of 3.25%. Southwest Gas's dividend payout ratio is presently 90.18%.

About Southwest Gas

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.