Cwm LLC Boosts Holdings in Southwest Gas Holdings, Inc. (NYSE:SWX)

Cwm LLC boosted its position in shares of Southwest Gas Holdings, Inc. (NYSE:SWXGet Rating) by 12.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,935 shares of the utilities provider’s stock after buying an additional 220 shares during the quarter. Cwm LLC’s holdings in Southwest Gas were worth $135,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SWX. Icahn Carl C boosted its stake in Southwest Gas by 76.1% during the second quarter. Icahn Carl C now owns 5,103,121 shares of the utilities provider’s stock worth $444,380,000 after buying an additional 2,204,445 shares during the period. Vanguard Group Inc. boosted its stake in shares of Southwest Gas by 11.6% during the first quarter. Vanguard Group Inc. now owns 6,646,936 shares of the utilities provider’s stock valued at $520,388,000 after purchasing an additional 690,696 shares during the period. TIG Advisors LLC purchased a new stake in shares of Southwest Gas during the second quarter valued at $43,214,000. Millennium Management LLC boosted its stake in shares of Southwest Gas by 441.3% during the second quarter. Millennium Management LLC now owns 491,622 shares of the utilities provider’s stock valued at $42,810,000 after purchasing an additional 400,804 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Southwest Gas by 222.5% during the second quarter. Goldman Sachs Group Inc. now owns 394,594 shares of the utilities provider’s stock valued at $34,361,000 after purchasing an additional 272,223 shares during the period. 87.59% of the stock is owned by hedge funds and other institutional investors.

Southwest Gas Stock Down 0.9 %

NYSE:SWX opened at $66.01 on Tuesday. The firm has a market cap of $4.43 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 3.22 and a beta of 0.24. 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 company has a 50-day moving average of $66.05 and a 200 day moving average of $73.86. Southwest Gas Holdings, Inc. has a 1-year low of $59.51 and a 1-year high of $95.62.

Southwest Gas (NYSE:SWXGet Rating) last announced its earnings results on Wednesday, November 9th. The utilities provider reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.33). The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.09 billion. Southwest Gas had a return on equity of 6.51% and a net margin of 3.18%. As a group, research analysts anticipate that Southwest Gas Holdings, Inc. will post 3.28 EPS for the current fiscal year.

Southwest Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Wednesday, February 15th will be issued a dividend of $0.62 per share. The ex-dividend date is Tuesday, February 14th. This represents a $2.48 annualized dividend and a dividend yield of 3.76%. Southwest Gas’s dividend payout ratio (DPR) is currently 101.22%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. StockNews.com lowered shares of Southwest Gas from a “hold” rating to a “sell” rating in a research note on Tuesday, November 22nd. Bank of America lowered shares of Southwest Gas from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $87.00 to $65.00 in a research note on Wednesday, November 30th. Wells Fargo & Company upped their price objective on shares of Southwest Gas from $66.00 to $73.00 in a research note on Wednesday, December 14th. Finally, TheStreet lowered shares of Southwest Gas from a “b-” rating to a “c+” rating in a research note on Thursday, December 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Southwest Gas currently has a consensus rating of “Hold” and an average target price of $79.33.

Southwest Gas Company Profile

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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.

See Also

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

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