International Assets Investment Management LLC Has $3.42 Million Stock Holdings in Southwest Gas Holdings, Inc. (NYSE:SWX)

International Assets Investment Management LLC increased its position in Southwest Gas Holdings, Inc. (NYSE:SWX - Free Report) by 9,907.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,038 shares of the utilities provider's stock after acquiring an additional 53,498 shares during the quarter. International Assets Investment Management LLC owned about 0.08% of Southwest Gas worth $3,423,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. grew its stake in shares of Southwest Gas by 3.0% in the third quarter. American Century Companies Inc. now owns 975,822 shares of the utilities provider's stock worth $58,949,000 after acquiring an additional 28,595 shares during the last quarter. Gamco Investors INC. ET AL grew its position in Southwest Gas by 1.8% in the 3rd quarter. Gamco Investors INC. ET AL now owns 852,080 shares of the utilities provider's stock worth $51,474,000 after purchasing an additional 15,151 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Southwest Gas by 20.9% during the 3rd quarter. Wellington Management Group LLP now owns 851,550 shares of the utilities provider's stock worth $51,442,000 after purchasing an additional 147,294 shares during the period. FMR LLC raised its position in shares of Southwest Gas by 519.3% during the third quarter. FMR LLC now owns 782,898 shares of the utilities provider's stock valued at $47,295,000 after buying an additional 656,473 shares during the last quarter. Finally, Carronade Capital Management LP lifted its stake in shares of Southwest Gas by 34.1% in the third quarter. Carronade Capital Management LP now owns 585,394 shares of the utilities provider's stock valued at $35,364,000 after buying an additional 148,826 shares during the period. Institutional investors and hedge funds own 92.77% of the company's stock.

Analysts Set New Price Targets

Separately, Citigroup boosted their price target on Southwest Gas from $64.00 to $73.00 and gave the company a "neutral" rating in a research note on Thursday, February 29th.

Southwest Gas Stock Performance

SWX stock traded down $0.64 during midday trading on Friday, hitting $76.32. The stock had a trading volume of 320,627 shares, compared to its average volume of 489,829. The firm has a market capitalization of $5.47 billion, a price-to-earnings ratio of 36.00, a P/E/G ratio of 3.66 and a beta of 0.36. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.39. The stock has a 50-day simple moving average of $73.76 and a 200 day simple moving average of $65.37. Southwest Gas Holdings, Inc. has a 52 week low of $55.13 and a 52 week high of $77.16.

Southwest Gas (NYSE:SWX - Get Free Report) last issued its earnings results on Wednesday, May 8th. The utilities provider reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.33). Southwest Gas had a net margin of 2.78% and a return on equity of 7.28%. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the firm posted $1.69 earnings per share. Southwest Gas's revenue was down 1.4% on a year-over-year basis. As a group, equities research analysts anticipate that Southwest Gas Holdings, Inc. will post 3.45 earnings per share for the current year.

Southwest Gas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.25%. Southwest Gas's payout ratio is presently 116.98%.

Southwest Gas Company Profile

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.