Southwest Gas Holdings, Inc. (NYSE:SWX) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its stake in shares of Southwest Gas Holdings, Inc. (NYSE:SWX) by 9,907.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,038 shares of the utilities provider’s stock after buying an additional 53,498 shares during the period. International Assets Investment Management LLC owned approximately 0.08% of Southwest Gas worth $3,423,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Raymond James & Associates lifted its stake in shares of Southwest Gas by 0.6% during the first quarter. Raymond James & Associates now owns 22,510 shares of the utilities provider’s stock worth $1,762,000 after buying an additional 145 shares during the period. Fifth Third Bancorp lifted its position in Southwest Gas by 56.1% during the third quarter. Fifth Third Bancorp now owns 484 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 174 shares during the period. IFP Advisors Inc lifted its position in Southwest Gas by 37.4% during the second quarter. IFP Advisors Inc now owns 713 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 194 shares during the period. Janney Montgomery Scott LLC lifted its position in Southwest Gas by 2.7% during the third quarter. Janney Montgomery Scott LLC now owns 7,700 shares of the utilities provider’s stock valued at $465,000 after purchasing an additional 205 shares during the period. Finally, Mackenzie Financial Corp lifted its position in Southwest Gas by 7.3% during the first quarter. Mackenzie Financial Corp now owns 3,425 shares of the utilities provider’s stock valued at $268,000 after purchasing an additional 232 shares during the period. 92.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. StockNews.com upgraded shares of Southwest Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. Citigroup upped their price objective on shares of Southwest Gas from $64.00 to $73.00 and gave the stock a “neutral” rating in a research report on Thursday, February 29th.

Southwest Gas Stock Up 0.4 %

Shares of NYSE SWX opened at $73.58 on Thursday. Southwest Gas Holdings, Inc. has a 12-month low of $53.79 and a 12-month high of $76.75. The stock has a market cap of $5.27 billion, a PE ratio of 34.71, a P/E/G ratio of 3.49 and a beta of 0.36. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.39. The company has a 50-day moving average of $69.40 and a 200 day moving average of $63.58.

Southwest Gas (NYSE:SWX) last announced its quarterly earnings data on Wednesday, February 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.16. Southwest Gas had a net margin of 2.78% and a return on equity of 7.28%. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.27 billion. As a group, sell-side analysts predict that Southwest Gas Holdings, Inc. will post 3.45 EPS for the current fiscal year.

Southwest Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be paid a dividend of $0.62 per share. The ex-dividend date is Tuesday, May 14th. This represents a $2.48 annualized dividend and a yield of 3.37%. Southwest Gas’s dividend payout ratio is presently 116.98%.

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.