Great West Life Assurance Co. Can Trims Holdings in Southwest Gas Holdings, Inc. (NYSE:SWX)

Great West Life Assurance Co. Can cut its position in shares of Southwest Gas Holdings, Inc. (NYSE:SWXGet Rating) by 17.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,694 shares of the utilities provider’s stock after selling 14,004 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Southwest Gas were worth $4,718,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. acquired a new stake in Southwest Gas in the second quarter worth $35,000. TCI Wealth Advisors Inc. increased its position in Southwest Gas by 95.9% in the second quarter. TCI Wealth Advisors Inc. now owns 521 shares of the utilities provider’s stock worth $45,000 after buying an additional 255 shares during the period. Assetmark Inc. increased its position in Southwest Gas by 143.0% in the second quarter. Assetmark Inc. now owns 627 shares of the utilities provider’s stock worth $55,000 after buying an additional 369 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in Southwest Gas in the second quarter worth $108,000. Finally, Captrust Financial Advisors increased its position in Southwest Gas by 173.4% in the first quarter. Captrust Financial Advisors now owns 1,780 shares of the utilities provider’s stock worth $139,000 after buying an additional 1,129 shares during the period. 87.59% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. TheStreet lowered Southwest Gas from a “b-” rating to a “c+” rating in a research report on Thursday, December 15th. StockNews.com raised Southwest Gas from a “sell” rating to a “hold” rating in a report on Thursday. Wells Fargo & Company raised their price target on Southwest Gas from $66.00 to $73.00 in a report on Wednesday, December 14th. Finally, Bank of America lowered Southwest Gas from a “buy” rating to a “neutral” rating and lowered their price target for the company from $87.00 to $65.00 in a report on Wednesday, November 30th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $79.33.

Southwest Gas Price Performance

Shares of SWX opened at $66.15 on Monday. The stock’s fifty day moving average is $66.07 and its 200-day moving average is $73.27. Southwest Gas Holdings, Inc. has a one year low of $59.51 and a one year high of $95.62. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 27.00, 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 quick ratio of 1.30 and a current ratio of 1.30.

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

Southwest Gas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Investors of record on Wednesday, February 15th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, February 14th. This represents a $2.48 annualized dividend and a yield of 3.75%. Southwest Gas’s dividend payout ratio is currently 101.22%.

Southwest Gas Profile

(Get Rating)

Southwest Gas Holdings, Inc engages in the energy business. It operates through the following business segments: Natural Gas Operations and Utility Infrastructure Services. The Natural Gas Operations segment focuses on purchasing, distribution, and transportation of natural gas in Arizona, California, and Nevada.

See Also

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

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