Janus Henderson Group PLC Grows Holdings in Southwest Gas Holdings, Inc. (NYSE:SWX)

Janus Henderson Group PLC increased its position in shares of Southwest Gas Holdings, Inc. (NYSE:SWX) by 17.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,689 shares of the utilities provider’s stock after buying an additional 4,097 shares during the period. Janus Henderson Group PLC’s holdings in Southwest Gas were worth $2,042,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Maverick Capital Ltd. grew its holdings in Southwest Gas by 18.5% during the 3rd quarter. Maverick Capital Ltd. now owns 1,765,148 shares of the utilities provider’s stock worth $130,197,000 after acquiring an additional 275,992 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Southwest Gas by 9.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 985,566 shares of the utilities provider’s stock worth $69,370,000 after acquiring an additional 84,987 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Southwest Gas by 6.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,053,094 shares of the utilities provider’s stock worth $74,117,000 after acquiring an additional 68,254 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Southwest Gas by 41.9% during the 2nd quarter. Victory Capital Management Inc. now owns 206,114 shares of the utilities provider’s stock worth $14,506,000 after acquiring an additional 60,856 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in Southwest Gas by 7,276.0% during the 3rd quarter. International Assets Investment Management LLC now owns 51,042 shares of the utilities provider’s stock worth $3,765,000 after acquiring an additional 50,350 shares in the last quarter. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Insider Buying and Selling at Southwest Gas

In other Southwest Gas news, major shareholder Carl C. Icahn sold 1,390,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $76.74, for a total transaction of $106,668,600.00. Following the sale, the insider now directly owns 9,632,604 shares in the company, valued at approximately $739,206,030.96. The trade was a 12.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.39% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on SWX shares. JPMorgan Chase & Co. decreased their price objective on shares of Southwest Gas from $78.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. Wells Fargo & Company lifted their price target on shares of Southwest Gas from $74.00 to $78.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th.

Southwest Gas Trading Down 1.3 %

NYSE SWX opened at $74.18 on Friday. Southwest Gas Holdings, Inc. has a one year low of $57.55 and a one year high of $80.29. The company has a 50-day simple moving average of $75.40 and a 200-day simple moving average of $73.72. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $5.32 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 3.99 and a beta of 0.41.

Southwest Gas (NYSE:SWX) last posted its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.12 billion. Southwest Gas had a net margin of 3.44% and a return on equity of 5.99%. The company’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.10 EPS. On average, equities analysts forecast that Southwest Gas Holdings, Inc. will post 3.16 earnings per share for the current year.

Southwest Gas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Tuesday, February 18th. Southwest Gas’s payout ratio is 100.00%.

About Southwest Gas

Southwest Gas Holdings, Inc, through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage segments. It also provides trenching, installation, and replacement of underground pipes, as well as maintenance services for energy distribution systems.