Mutual of America Capital Management LLC Has $2.36 Million Position in Southwest Gas Holdings, Inc. (NYSE:SWX)

Mutual of America Capital Management LLC cut its holdings in shares of Southwest Gas Holdings, Inc. (NYSE:SWX) by 4.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,169 shares of the utilities provider’s stock after selling 1,909 shares during the quarter. Mutual of America Capital Management LLC owned about 0.05% of Southwest Gas worth $2,355,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp increased its holdings in shares of Southwest Gas by 56.1% during the 3rd quarter. Fifth Third Bancorp now owns 484 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 174 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Southwest Gas during the 3rd quarter worth approximately $34,000. IFP Advisors Inc increased its holdings in shares of Southwest Gas by 37.4% during the 2nd quarter. IFP Advisors Inc now owns 713 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 194 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Southwest Gas by 256.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 876 shares of the utilities provider’s stock worth $54,000 after acquiring an additional 630 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of Southwest Gas by 207.3% during the 1st quarter. NewEdge Advisors LLC now owns 1,008 shares of the utilities provider’s stock worth $63,000 after acquiring an additional 680 shares during the last quarter. 92.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on SWX shares. StockNews.com raised Southwest Gas from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Citigroup upped their price objective on Southwest Gas from $64.00 to $73.00 and gave the company a “neutral” rating in a report on Thursday, February 29th.

Southwest Gas Stock Performance

Shares of NYSE SWX opened at $73.48 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.12 and a quick ratio of 1.12. The stock’s fifty day moving average price is $69.98 and its two-hundred day moving average price is $63.75. Southwest Gas Holdings, Inc. has a one year low of $53.79 and a one year high of $76.75. The firm has a market cap of $5.26 billion, a price-to-earnings ratio of 34.66, a P/E/G ratio of 3.54 and a beta of 0.36.

Southwest Gas (NYSE:SWX) last released its earnings results on Wednesday, February 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.16. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.27 billion. Southwest Gas had a return on equity of 7.28% and a net margin of 2.78%. On average, equities analysts forecast that Southwest Gas Holdings, Inc. will post 3.45 EPS for the current year.

Southwest Gas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Tuesday, May 14th. Southwest Gas’s dividend payout ratio (DPR) is currently 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.