Southwest Gas Holdings, Inc. (NYSE:SWX) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in shares of Southwest Gas Holdings, Inc. (NYSE:SWX - Free Report) by 3.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 977,810 shares of the utilities provider's stock after acquiring an additional 35,106 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.36% of Southwest Gas worth $72,123,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP raised its position in Southwest Gas by 9.4% during the second quarter. Dimensional Fund Advisors LP now owns 985,566 shares of the utilities provider's stock worth $69,370,000 after acquiring an additional 84,987 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Southwest Gas by 6.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,053,094 shares of the utilities provider's stock worth $74,117,000 after purchasing an additional 68,254 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Southwest Gas by 41.9% in the 2nd quarter. Victory Capital Management Inc. now owns 206,114 shares of the utilities provider's stock valued at $14,506,000 after buying an additional 60,856 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Southwest Gas by 7,276.0% during the 3rd quarter. International Assets Investment Management LLC now owns 51,042 shares of the utilities provider's stock valued at $3,765,000 after buying an additional 50,350 shares during the last quarter. Finally, Millennium Management LLC increased its position in Southwest Gas by 266.0% during the second quarter. Millennium Management LLC now owns 37,595 shares of the utilities provider's stock worth $2,646,000 after buying an additional 27,323 shares in the last quarter. Institutional investors and hedge funds own 92.77% of the company's stock.

Southwest Gas Stock Down 0.1 %

NYSE SWX traded down $0.06 on Friday, reaching $78.24. The company had a trading volume of 364,023 shares, compared to its average volume of 376,610. The firm has a market capitalization of $5.61 billion, a PE ratio of 31.88, a P/E/G ratio of 4.13 and a beta of 0.38. The firm has a 50-day moving average of $74.93 and a 200-day moving average of $73.75. Southwest Gas Holdings, Inc. has a 1 year low of $57.55 and a 1 year 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 released its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.02. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.12 billion. Southwest Gas had a net margin of 3.44% and a return on equity of 5.99%. The business's revenue was down 7.7% on a year-over-year basis. During the same period last year, the business earned $0.10 EPS. On average, equities research analysts anticipate that Southwest Gas Holdings, Inc. will post 3.16 EPS for the current fiscal year.

Southwest Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Tuesday, February 18th. Southwest Gas's dividend payout ratio is currently 100.00%.

Insider Buying and Selling at Southwest Gas

In other Southwest Gas news, major shareholder Carl C. Icahn sold 1,390,000 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $76.74, for a total transaction of $106,668,600.00. Following the transaction, the insider now directly owns 9,632,604 shares in the company, valued at $739,206,030.96. This represents a 12.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.39% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on SWX shares. JPMorgan Chase & Co. cut their price target on Southwest Gas from $78.00 to $70.00 and set a "neutral" rating for the company in a report on Thursday, August 15th. Wells Fargo & Company lifted their price target on shares of Southwest Gas from $74.00 to $78.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 25th.

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.