Natixis Advisors L.P. Sells 4,219 Shares of Southwest Gas Holdings Inc (NYSE:SWX)

Natixis Advisors L.P. decreased its stake in shares of Southwest Gas Holdings Inc (NYSE:SWX) by 5.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 70,352 shares of the utilities provider’s stock after selling 4,219 shares during the period. Natixis Advisors L.P. owned 0.13% of Southwest Gas worth $6,305,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of SWX. Quadrant Capital Group LLC lifted its holdings in Southwest Gas by 189.9% in the 1st quarter. Quadrant Capital Group LLC now owns 400 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 262 shares during the last quarter. TCI Wealth Advisors Inc. raised its position in shares of Southwest Gas by 39.4% in the second quarter. TCI Wealth Advisors Inc. now owns 407 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 115 shares during the period. Hanson McClain Inc. raised its position in shares of Southwest Gas by 173.5% in the first quarter. Hanson McClain Inc. now owns 547 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 347 shares during the period. NEXT Financial Group Inc acquired a new stake in shares of Southwest Gas in the second quarter worth $47,000. Finally, Magnus Financial Group LLC acquired a new stake in shares of Southwest Gas in the second quarter worth $215,000. 83.16% of the stock is currently owned by institutional investors and hedge funds.

Shares of SWX stock traded up $1.13 during trading hours on Wednesday, reaching $90.94. 19,634 shares of the company’s stock were exchanged, compared to its average volume of 207,130. Southwest Gas Holdings Inc has a fifty-two week low of $72.68 and a fifty-two week high of $92.31. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $4.86 billion, a P/E ratio of 24.66, a P/E/G ratio of 3.70 and a beta of 0.30. The business has a fifty day moving average price of $89.36 and a 200-day moving average price of $86.31.



Southwest Gas (NYSE:SWX) last announced its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.02). The company had revenue of $713.01 million during the quarter, compared to analyst estimates of $289.70 million. Southwest Gas had a return on equity of 8.86% and a net margin of 6.61%. The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.44 EPS. As a group, research analysts expect that Southwest Gas Holdings Inc will post 3.92 EPS for the current fiscal year.

A number of research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Southwest Gas from a “buy” rating to a “hold” rating in a research note on Saturday, August 17th. UBS Group set a $91.00 target price on shares of Southwest Gas and gave the stock a “hold” rating in a research report on Friday, July 19th. ValuEngine cut shares of Southwest Gas from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. began coverage on Southwest Gas in a research report on Wednesday, July 17th. They issued an “overweight” rating and a $93.00 price target on the stock. Finally, Wells Fargo & Co set a $93.00 price target on Southwest Gas and gave the company a “hold” rating in a research report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $89.86.

In other Southwest Gas news, VP Kenneth J. Kenny sold 500 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $90.26, for a total value of $45,130.00. Following the completion of the transaction, the vice president now directly owns 16,121 shares of the company’s stock, valued at $1,455,081.46. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO John P. Hester sold 2,000 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $90.60, for a total transaction of $181,200.00. Following the completion of the transaction, the chief executive officer now directly owns 62,694 shares of the company’s stock, valued at $5,680,076.40. The disclosure for this sale can be found here. Company insiders own 0.83% of the company’s stock.

About Southwest Gas

Southwest Gas Holdings, Inc, through its subsidiaries, purchases, distributes, and transports natural gas in Arizona, Nevada, and California. The company operates through two segments, Natural Gas Operations and Utility Infrastructure Services. As of December 31, 2018, it had 2,047,000 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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