Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 3,069 Shares of Southwest Gas Holdings Inc (SWX)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in shares of Southwest Gas Holdings Inc (NYSE:SWX) by 23.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,983 shares of the utilities provider’s stock after selling 3,069 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Southwest Gas were worth $789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. NumerixS Investment Technologies Inc purchased a new stake in shares of Southwest Gas in the second quarter worth approximately $115,000. First Republic Investment Management Inc. purchased a new stake in shares of Southwest Gas in the second quarter worth approximately $206,000. Raymond James Trust N.A. purchased a new stake in shares of Southwest Gas in the third quarter worth approximately $222,000. Stevens Capital Management LP purchased a new stake in shares of Southwest Gas in the second quarter worth approximately $270,000. Finally, First Hawaiian Bank purchased a new stake in shares of Southwest Gas in the third quarter worth approximately $302,000. Institutional investors and hedge funds own 82.53% of the company’s stock.

In related news, VP Kenneth J. Kenny sold 500 shares of the stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $82.67, for a total value of $41,335.00. Following the transaction, the vice president now owns 15,509 shares of the company’s stock, valued at $1,282,129.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by corporate insiders.

SWX has been the topic of several recent analyst reports. ValuEngine upgraded Southwest Gas from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Citigroup increased their price target on Southwest Gas from $73.00 to $80.00 and gave the stock a “hold” rating in a report on Wednesday, October 3rd. Bank of America set a $76.00 price target on Southwest Gas and gave the stock a “sell” rating in a report on Wednesday, October 3rd. Zacks Investment Research downgraded Southwest Gas from a “strong-buy” rating to a “hold” rating in a report on Friday, October 19th. Finally, Williams Capital increased their price target on Southwest Gas from $74.00 to $78.00 and gave the stock a “hold” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $79.00.

Shares of NYSE:SWX opened at $80.20 on Tuesday. Southwest Gas Holdings Inc has a 52-week low of $62.53 and a 52-week high of $86.87. The company has a market capitalization of $3.89 billion, a P/E ratio of 22.15, a PEG ratio of 5.12 and a beta of 0.40. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.09.

Southwest Gas (NYSE:SWX) last announced its quarterly earnings data on Tuesday, November 6th. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.11. Southwest Gas had a return on equity of 10.01% and a net margin of 7.39%. The company had revenue of $668.10 million for the quarter, compared to analysts’ expectations of $224.00 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. Southwest Gas’s revenue was up 12.6% compared to the same quarter last year. As a group, equities research analysts predict that Southwest Gas Holdings Inc will post 3.85 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 15th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $2.08 annualized dividend and a yield of 2.59%. Southwest Gas’s dividend payout ratio (DPR) is currently 57.46%.

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Southwest Gas Profile

Southwest Gas Holdings, Inc, through its subsidiaries, purchases, distributes, and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Operations and Construction Services segments. As of December 31, 2017, it had 2,015,000 residential, commercial, industrial, and other natural gas customers.

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

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