D.A. Davidson & CO. Buys 175 Shares of Southwest Gas Holdings, Inc. (NYSE:SWX)

D.A. Davidson & CO. increased its stake in Southwest Gas Holdings, Inc. (NYSE:SWX) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,766 shares of the utilities provider’s stock after buying an additional 175 shares during the quarter. D.A. Davidson & CO.’s holdings in Southwest Gas were worth $1,115,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SWX. Maverick Capital Ltd. lifted its stake in Southwest Gas by 18.5% in the third quarter. Maverick Capital Ltd. now owns 1,765,148 shares of the utilities provider’s stock valued at $130,197,000 after acquiring an additional 275,992 shares during the last quarter. Zimmer Partners LP bought a new stake in shares of Southwest Gas in the 3rd quarter valued at about $6,823,000. Barclays PLC lifted its stake in Southwest Gas by 192.7% in the 3rd quarter. Barclays PLC now owns 105,134 shares of the utilities provider’s stock valued at $7,755,000 after purchasing an additional 69,212 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Southwest Gas by 7,276.0% during the third quarter. International Assets Investment Management LLC now owns 51,042 shares of the utilities provider’s stock worth $3,765,000 after purchasing an additional 50,350 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its position in Southwest Gas by 107.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 83,306 shares of the utilities provider’s stock worth $6,145,000 after buying an additional 43,131 shares during the last quarter. 92.77% of the stock is owned by institutional investors.

Southwest Gas Stock Performance

Shares of NYSE SWX opened at $76.92 on Monday. Southwest Gas Holdings, Inc. has a one year low of $60.88 and a one year high of $80.29. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 31.01, a P/E/G ratio of 3.16 and a beta of 0.44. The stock’s fifty day moving average price is $72.89 and its two-hundred day moving average price is $73.55.

Southwest Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Thursday, May 15th. Southwest Gas’s dividend payout ratio is 100.00%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SWX. LADENBURG THALM/SH SH raised Southwest Gas to a “strong-buy” rating in a research report on Friday, January 24th. Jefferies Financial Group assumed coverage on Southwest Gas in a report on Tuesday, January 14th. They set a “hold” rating and a $73.00 price target for the company. JPMorgan Chase & Co. decreased their price objective on shares of Southwest Gas from $76.00 to $72.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Finally, Bank of America restated an “underperform” rating and set a $73.00 target price on shares of Southwest Gas in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Southwest Gas presently has an average rating of “Hold” and an average price target of $73.80.

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.