Trexquant Investment LP Has $9.84 Million Stock Position in Southwest Gas Holdings, Inc. (NYSE:SWX)

Trexquant Investment LP raised its position in shares of Southwest Gas Holdings, Inc. (NYSE:SWX - Free Report) by 144.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,144 shares of the utilities provider's stock after purchasing an additional 82,192 shares during the period. Trexquant Investment LP owned 0.19% of Southwest Gas worth $9,839,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Arizona State Retirement System grew its position in Southwest Gas by 0.8% in the fourth quarter. Arizona State Retirement System now owns 16,650 shares of the utilities provider's stock worth $1,177,000 after acquiring an additional 140 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Southwest Gas by 1.7% during the 4th quarter. Pacer Advisors Inc. now owns 8,979 shares of the utilities provider's stock valued at $635,000 after acquiring an additional 147 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Southwest Gas by 18.8% in the 4th quarter. Blue Trust Inc. now owns 937 shares of the utilities provider's stock valued at $69,000 after acquiring an additional 148 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in Southwest Gas by 1.1% in the 4th quarter. D.A. Davidson & CO. now owns 15,766 shares of the utilities provider's stock worth $1,115,000 after purchasing an additional 175 shares during the last quarter. Finally, Clear Creek Financial Management LLC boosted its position in Southwest Gas by 5.4% during the fourth quarter. Clear Creek Financial Management LLC now owns 3,427 shares of the utilities provider's stock worth $242,000 after purchasing an additional 176 shares during the period. 92.77% of the stock is owned by hedge funds and other institutional investors.

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Southwest Gas Stock Performance

Shares of NYSE SWX traded down $2.55 during mid-day trading on Monday, hitting $66.35. The company had a trading volume of 230,348 shares, compared to its average volume of 357,298. 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. The firm has a market cap of $4.77 billion, a P/E ratio of 26.54, a PEG ratio of 3.16 and a beta of 0.50. The business's 50-day simple moving average is $74.81 and its 200-day simple moving average is $74.06.

Southwest Gas (NYSE:SWX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The utilities provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.18. The company had revenue of $1.27 billion for 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%. As a group, analysts predict that Southwest Gas Holdings, Inc. will post 3.03 earnings per share for the current fiscal year.

Southwest Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend is Thursday, May 15th. Southwest Gas's dividend payout ratio is 90.18%.

Analysts Set New Price Targets

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

Insider Transactions at Southwest Gas

In other Southwest Gas news, major shareholder Carl C. Icahn sold 2,100,000 shares of Southwest Gas stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $74.60, for a total transaction of $156,660,000.00. Following the sale, the insider now directly owns 7,532,604 shares of the company's stock, valued at approximately $561,932,258.40. The trade was a 21.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.39% of the stock is owned by insiders.

Southwest Gas 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.