Swiss National Bank Has $12.39 Million Holdings in Southwest Gas Holdings, Inc. (NYSE:SWX)

Swiss National Bank cut its stake in shares of Southwest Gas Holdings, Inc. (NYSE:SWXGet Rating) by 0.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 142,300 shares of the utilities provider’s stock after selling 500 shares during the period. Swiss National Bank’s holdings in Southwest Gas were worth $12,391,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Nisa Investment Advisors LLC increased its holdings in shares of Southwest Gas by 6.6% during the first quarter. Nisa Investment Advisors LLC now owns 12,850 shares of the utilities provider’s stock worth $1,006,000 after purchasing an additional 800 shares during the period. Signaturefd LLC increased its holdings in shares of Southwest Gas by 44.3% during the first quarter. Signaturefd LLC now owns 1,648 shares of the utilities provider’s stock worth $129,000 after purchasing an additional 506 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in shares of Southwest Gas by 3,980.9% during the first quarter. Steward Partners Investment Advisory LLC now owns 10,039 shares of the utilities provider’s stock worth $786,000 after purchasing an additional 9,793 shares during the period. Mutual of America Capital Management LLC increased its holdings in shares of Southwest Gas by 8.1% during the first quarter. Mutual of America Capital Management LLC now owns 58,389 shares of the utilities provider’s stock worth $4,571,000 after purchasing an additional 4,394 shares during the period. Finally, Securian Asset Management Inc. increased its holdings in shares of Southwest Gas by 4.8% during the first quarter. Securian Asset Management Inc. now owns 5,668 shares of the utilities provider’s stock worth $444,000 after purchasing an additional 260 shares during the period. 89.25% of the stock is currently owned by institutional investors and hedge funds.

Southwest Gas Stock Performance

Shares of Southwest Gas stock opened at $66.80 on Friday. Southwest Gas Holdings, Inc. has a fifty-two week low of $62.60 and a fifty-two week high of $95.62. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market capitalization of $4.48 billion, a P/E ratio of 27.27, a P/E/G ratio of 3.38 and a beta of 0.23. The company’s 50 day moving average price is $71.66 and its two-hundred day moving average price is $80.83.

Southwest Gas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Wednesday, February 15th will be given a $0.62 dividend. The ex-dividend date is Tuesday, February 14th. This represents a $2.48 dividend on an annualized basis and a yield of 3.71%. Southwest Gas’s dividend payout ratio is currently 101.22%.

Analyst Ratings Changes

A number of brokerages recently issued reports on SWX. Wells Fargo & Company decreased their price objective on shares of Southwest Gas from $77.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 10th. StockNews.com raised shares of Southwest Gas from a “sell” rating to a “hold” rating in a research note on Monday, November 14th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $84.67.

About Southwest Gas

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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.

Further Reading

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Institutional Ownership by Quarter for Southwest Gas (NYSE:SWX)

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