Mutual of America Capital Management LLC raised its position in Southwest Gas Holdings, Inc. (NYSE:SWX – Free Report) by 3.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,272 shares of the utilities provider’s stock after purchasing an additional 1,527 shares during the period. Mutual of America Capital Management LLC owned approximately 0.08% of Southwest Gas worth $3,264,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of SWX. Spirit of America Management Corp NY acquired a new position in shares of Southwest Gas in the 1st quarter valued at $31,000. Byrne Asset Management LLC lifted its holdings in Southwest Gas by 82.9% during the fourth quarter. Byrne Asset Management LLC now owns 556 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 252 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Southwest Gas in the first quarter valued at about $34,000. Quadrant Capital Group LLC increased its holdings in shares of Southwest Gas by 170.4% in the fourth quarter. Quadrant Capital Group LLC now owns 603 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 380 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in shares of Southwest Gas by 256.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 876 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 630 shares during the period. 90.78% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, major shareholder Carl C. Icahn purchased 15,681 shares of Southwest Gas stock in a transaction that occurred on Wednesday, May 24th. The stock was purchased at an average cost of $57.98 per share, with a total value of $909,184.38. Following the completion of the transaction, the insider now owns 10,610,217 shares of the company’s stock, valued at approximately $615,180,381.66. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Carl C. Icahn purchased 15,681 shares of the business’s stock in a transaction on Wednesday, May 24th. The stock was purchased at an average price of $57.98 per share, for a total transaction of $909,184.38. Following the completion of the purchase, the insider now directly owns 10,610,217 shares in the company, valued at approximately $615,180,381.66. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Carl C. Icahn acquired 9,165 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was purchased at an average cost of $57.99 per share, with a total value of $531,478.35. Following the transaction, the insider now owns 10,844,194 shares in the company, valued at $628,854,810.06. The disclosure for this purchase can be found here. Insiders purchased 123,332 shares of company stock worth $7,142,875 in the last quarter. Corporate insiders own 0.32% of the company’s stock.
Analyst Ratings Changes
Southwest Gas Stock Down 0.8 %
Shares of SWX opened at $64.14 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.39. Southwest Gas Holdings, Inc. has a twelve month low of $53.79 and a twelve month high of $83.60. The company has a 50 day moving average of $63.44 and a 200-day moving average of $61.82.
Southwest Gas (NYSE:SWX – Get Free Report) last released its earnings results on Tuesday, May 9th. The utilities provider reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.30. Southwest Gas had a negative net margin of 4.79% and a positive return on equity of 6.24%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.29 billion. On average, sell-side analysts predict that Southwest Gas Holdings, Inc. will post 3.35 EPS for the current year.
About Southwest Gas
Southwest Gas Holdings, Inc, through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and California. It operates through Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage segments. The company also provides trenching, installation, and replacement of underground pipes, as well as maintenance services for energy distribution systems.
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