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Mutual of America Capital Management LLC has a $2.36 million stake in Southwest Gas Holdings, Inc. (NYSE:SWX)


Mutual of America Capital Management LLC has sold its position in Southwest Gas Holdings, Inc. (NYSE:SWX – Free Report) fell 4.9% in the fourth quarter, according to its latest SEC disclosure. The company owned 37,169 shares of the utility’s stock after selling 1,909 shares during the period. Mutual of America Capital Management LLC’s holdings in Southwest Gas were worth $2,355,000 at the time of its most recent filing with the SEC.

Other hedge funds have also recently increased or decreased their stakes in the company. Raymond James & Associates increased its stake in Southwest Gas shares by 0.6% in the first quarter. Raymond James & Associates now owns 22,510 shares of the utility’s stock valued at $1,762,000 after purchasing an additional 145 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Southwest Gas by 56.1% in the third quarter. Fifth Third Bancorp now owns 484 shares of the utility’s stock worth $29,000 after purchasing an additional 174 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of Southwest Gas by 37.4% in the second quarter. IFP Advisors Inc now owns 713 shares of the utility’s stock valued at $45,000 after purchasing an additional 194 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Southwest Gas by 2.7% in the third quarter. Janney Montgomery Scott LLC now owns 7,700 shares of the utility’s stock worth $465,000 after purchasing an additional 205 shares in the last quarter. Finally, Mackenzie Financial Corp increased its stake in Southwest Gas shares by 7.3% in the first quarter. Mackenzie Financial Corp now owns 3,425 shares of the utility company’s stock worth $268,000 after purchasing an additional 232 shares in the last quarter. Institutional investors and hedge funds own 92.77% of the company’s shares.

Analysts set new price targets

A number of research analysts have recently weighed in on SWX stock. StockNews.com raised Southwest Gas from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Citigroup raised their price target on Southwest Gas from $64.00 to $73.00 and gave the stock a “neutral” rating in a report on Thursday, February 29.

Read our latest stock analysis on Southwest Gas

Performance of gas stocks in the Southwest

Shares of Southwest Gas opened at $73.48 on Friday. The company’s fifty-day simple moving average is $69.98 and its 200-day simple moving average is $63.75. The company has a market cap of $5.26 billion, a price-to-earnings ratio of 34.66, a price-to-earnings growth ratio of 3.54, and a beta of 0.36. Southwest Gas Holdings, Inc. has a 12-month low of $53.79 and a 12-month high of $76.75. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.39.

Southwest Gas (NYSE:SWX – Get Free Report) posted its latest quarterly results on Wednesday, February 28. The utility reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.16. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.27 billion. Southwest Gas had a return on equity of 7.28% and a net margin of 2.78%. As a group, analysts expect Southwest Gas Holdings, Inc. will post earnings per share of 3.45 for the current year.

Southwest Gas announces dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3. Shareholders of note on Wednesday, May 15 will receive a dividend of $0.62. The ex-dividend date of this dividend is Tuesday, May 14. This represents a dividend of $2.48 annually and a dividend yield of 3.38%. Southwest Gas’s payout ratio currently stands at 116.98%.

Southwest Gas company profile

(Free report)

Southwest Gas Holdings, Inc, through its subsidiaries, distributes and transports natural gas in Arizona, Nevada and California. The company operates through the natural gas distribution, utility infrastructure services, and pipeline and storage segments. It also offers trenching, installation and replacement of underground pipes, as well as maintenance services for energy distribution systems.

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Want to see which other hedge funds own SWX? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Southwest Gas Holdings, Inc. (NYSE:SWX – Free Report).

Quarterly Institutional Ownership for Southwest Gas (NYSE:SWX)



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