Dynamic Technology Lab Private Ltd Has $833,000 Stake in Southwest Gas Holdings, Inc. (NYSE:SWX)

Dynamic Technology Lab Private Ltd reduced its position in shares of Southwest Gas Holdings, Inc. (NYSE:SWX) by 27.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,779 shares of the utilities provider’s stock after selling 4,487 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Southwest Gas were worth $833,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. increased its position in Southwest Gas by 48.2% during the 4th quarter. UMB Bank n.a. now owns 590 shares of the utilities provider’s stock worth $42,000 after buying an additional 192 shares during the period. ST Germain D J Co. Inc. increased its position in Southwest Gas by 206.2% during the fourth quarter. ST Germain D J Co. Inc. now owns 845 shares of the utilities provider’s stock worth $60,000 after acquiring an additional 569 shares during the period. Blue Trust Inc. raised its stake in Southwest Gas by 18.8% in the 4th quarter. Blue Trust Inc. now owns 937 shares of the utilities provider’s stock worth $69,000 after purchasing an additional 148 shares in the last quarter. AlphaQuest LLC boosted its holdings in Southwest Gas by 94,500.0% in the 4th quarter. AlphaQuest LLC now owns 946 shares of the utilities provider’s stock valued at $67,000 after purchasing an additional 945 shares during the period. Finally, KBC Group NV grew its position in shares of Southwest Gas by 54.0% during the 4th quarter. KBC Group NV now owns 2,832 shares of the utilities provider’s stock worth $200,000 after purchasing an additional 993 shares in the last quarter. 92.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Southwest Gas Stock Down 4.8 %

NYSE SWX opened at $68.78 on Monday. The business has a fifty day moving average price of $74.81 and a two-hundred day moving average price of $74.06. The stock has a market capitalization of $4.94 billion, a PE ratio of 27.73, a PEG ratio of 3.16 and a beta of 0.50. Southwest Gas Holdings, Inc. has a fifty-two week low of $64.31 and a fifty-two week 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.

Southwest Gas (NYSE:SWX) 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. Southwest Gas had a return on equity of 5.99% and a net margin of 3.44%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.35 billion. Equities analysts expect that Southwest Gas Holdings, Inc. will post 3.03 earnings per share for the current fiscal year.

Southwest Gas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.61%. The ex-dividend date is Thursday, May 15th. Southwest Gas’s dividend payout ratio (DPR) is presently 90.18%.

Insider Buying and Selling

In other Southwest Gas news, major shareholder Carl C. Icahn sold 2,100,000 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $74.60, for a total value of $156,660,000.00. Following the completion of the transaction, the insider now owns 7,532,604 shares of the company’s stock, valued at $561,932,258.40. This represents a 21.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.39% of the stock is owned by corporate insiders.

About Southwest Gas

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.