Southwest Gas Holdings, Inc. (NYSE:SWX) Shares Purchased by River Road Asset Management LLC

River Road Asset Management LLC increased its stake in shares of Southwest Gas Holdings, Inc. (NYSE:SWX) by 36.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 363,658 shares of the utilities provider’s stock after purchasing an additional 96,878 shares during the quarter. River Road Asset Management LLC owned 0.63% of Southwest Gas worth $24,071,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bbva USA purchased a new stake in Southwest Gas during the 2nd quarter worth about $30,000. Meeder Asset Management Inc. lifted its holdings in Southwest Gas by 61.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 475 shares of the utilities provider’s stock worth $31,000 after buying an additional 180 shares during the last quarter. Captrust Financial Advisors lifted its holdings in Southwest Gas by 116.9% during the 1st quarter. Captrust Financial Advisors now owns 1,698 shares of the utilities provider’s stock worth $117,000 after buying an additional 915 shares during the last quarter. Belpointe Asset Management LLC purchased a new stake in Southwest Gas during the 2nd quarter worth about $138,000. Finally, World Asset Management Inc purchased a new stake in Southwest Gas during the 1st quarter worth about $201,000. 82.58% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have issued reports on the company. Wells Fargo & Company decreased their price target on Southwest Gas from $77.00 to $72.00 and set an “equal weight” rating for the company in a report on Wednesday, June 30th. Bank of America raised Southwest Gas from an “underperform” rating to a “neutral” rating in a report on Wednesday, June 30th. Finally, Zacks Investment Research downgraded Southwest Gas from a “buy” rating to a “hold” rating in a report on Saturday, July 3rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $67.25.

Shares of SWX stock opened at $69.40 on Wednesday. The stock has a market capitalization of $4.10 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 3.05 and a beta of 0.17. Southwest Gas Holdings, Inc. has a 52-week low of $57.00 and a 52-week high of $75.00. The stock’s 50-day moving average price is $70.54 and its 200 day moving average price is $68.80. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.87.

Southwest Gas (NYSE:SWX) last issued its quarterly earnings results on Thursday, August 5th. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.03). The company had revenue of $821.42 million during the quarter, compared to analyst estimates of $775.39 million. Southwest Gas had a net margin of 7.74% and a return on equity of 9.68%. Analysts expect that Southwest Gas Holdings, Inc. will post 4.09 earnings per share for the current fiscal year.

Southwest Gas Profile

Southwest Gas Holdings, Inc engages in the energy business. It operates through the following segments: Natural Gas Operations and Utility Infrastructure Services. The Natural Gas Operations segment focuses in purchasing, distribution, and transportation of natural gas in Arizona, California, and Nevada.

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Institutional Ownership by Quarter for Southwest Gas (NYSE:SWX)

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