Southwest Gas Holdings, Inc. (NYSE:SWX – Get Free Report) major shareholder Carl C. Icahn bought 61,702 shares of the stock in a transaction dated Monday, September 11th. The shares were acquired at an average price of $61.48 per share, with a total value of $3,793,438.96. Following the completion of the acquisition, the insider now directly owns 10,928,190 shares of the company’s stock, valued at approximately $671,865,121.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Southwest Gas Stock Up 0.9 %
SWX stock opened at $62.00 on Wednesday. The stock has a market capitalization of $4.43 billion, a P/E ratio of -18.84, a P/E/G ratio of 3.59 and a beta of 0.30. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.12 and a quick ratio of 2.12. Southwest Gas Holdings, Inc. has a 1-year low of $53.79 and a 1-year high of $82.42. The business has a fifty day moving average price of $64.12 and a 200-day moving average price of $61.33.
Southwest Gas (NYSE:SWX – Get Free Report) last released its quarterly earnings data on Wednesday, August 9th. The utilities provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.39 by $0.08. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.12 billion. Southwest Gas had a positive return on equity of 6.89% and a negative net margin of 4.01%. Equities analysts forecast that Southwest Gas Holdings, Inc. will post 3.38 earnings per share for the current fiscal year.
Analyst Ratings Changes
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Icahn Carl C grew its position in Southwest Gas by 3.1% in the 2nd quarter. Icahn Carl C now owns 10,844,681 shares of the utilities provider’s stock worth $690,264,000 after purchasing an additional 324,081 shares during the period. BlackRock Inc. grew its holdings in shares of Southwest Gas by 4.5% in the first quarter. BlackRock Inc. now owns 10,117,342 shares of the utilities provider’s stock worth $631,828,000 after acquiring an additional 436,206 shares during the period. Vanguard Group Inc. increased its position in Southwest Gas by 1.7% during the third quarter. Vanguard Group Inc. now owns 6,770,373 shares of the utilities provider’s stock valued at $472,233,000 after acquiring an additional 114,397 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in Southwest Gas by 10.1% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,362,333 shares of the utilities provider’s stock valued at $146,181,000 after acquiring an additional 215,807 shares during the period. Finally, State Street Corp boosted its position in Southwest Gas by 3.1% in the first quarter. State Street Corp now owns 2,277,553 shares of the utilities provider’s stock worth $142,233,000 after purchasing an additional 67,936 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.
Southwest Gas Company Profile
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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