Jones Financial Companies Lllp Has $3.17 Million Stake in Southwest Gas Corporation $SWX

Jones Financial Companies Lllp grew its holdings in Southwest Gas Corporation (NYSE:SWX) by 21.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,536 shares of the utilities provider’s stock after acquiring an additional 7,111 shares during the quarter. Jones Financial Companies Lllp’s holdings in Southwest Gas were worth $3,167,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Massachusetts Wealth Management grew its position in shares of Southwest Gas by 1.9% in the 3rd quarter. Massachusetts Wealth Management now owns 8,080 shares of the utilities provider’s stock valued at $633,000 after purchasing an additional 150 shares during the period. Daiwa Securities Group Inc. lifted its stake in Southwest Gas by 21.3% in the second quarter. Daiwa Securities Group Inc. now owns 939 shares of the utilities provider’s stock valued at $70,000 after buying an additional 165 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Southwest Gas by 0.4% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,098 shares of the utilities provider’s stock valued at $3,280,000 after buying an additional 168 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of Southwest Gas by 1.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,673 shares of the utilities provider’s stock worth $794,000 after acquiring an additional 188 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of Southwest Gas by 0.9% during the third quarter. Federated Hermes Inc. now owns 23,875 shares of the utilities provider’s stock worth $1,870,000 after acquiring an additional 219 shares during the period. Institutional investors own 92.77% of the company’s stock.

Southwest Gas Stock Up 0.2%

NYSE:SWX opened at $83.14 on Friday. Southwest Gas Corporation has a twelve month low of $64.69 and a twelve month high of $86.75. The firm has a market capitalization of $6.00 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 2.20 and a beta of 0.65. The company has a quick ratio of 1.43, a current ratio of 1.55 and a debt-to-equity ratio of 0.89. The stock’s 50 day moving average price is $81.74 and its two-hundred day moving average price is $80.03.

Southwest Gas (NYSE:SWX) last released its earnings results on Wednesday, November 5th. The utilities provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.03). The firm had revenue of $316.91 million during the quarter, compared to the consensus estimate of $1.08 billion. Southwest Gas had a net margin of 11.59% and a return on equity of 6.78%. Southwest Gas’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.09 earnings per share. Equities research analysts expect that Southwest Gas Corporation will post 3.03 earnings per share for the current fiscal year.

Southwest Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, February 17th. Southwest Gas’s dividend payout ratio (DPR) is 38.63%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Southwest Gas in a research note on Monday, December 29th. Citigroup raised Southwest Gas from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $82.00 to $99.00 in a research report on Thursday, January 15th. Zacks Research upgraded Southwest Gas from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Finally, Mizuho initiated coverage on Southwest Gas in a research note on Wednesday, October 29th. They issued an “outperform” rating and a $91.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $87.40.

Southwest Gas Company Profile

Southwest Gas Corporation (NYSE: SWX) is a publicly traded natural gas utility that provides regulated gas distribution services to residential, commercial, industrial and electric generation customers. The company’s core activities include the transportation, distribution and sale of natural gas through an extensive network of pipelines, service lines and metering facilities. Southwest Gas also offers related services such as system maintenance, pipeline safety inspections, emergency response and line extensions to support customer growth and ensure reliable gas delivery.

Founded in 1931 in southern Nevada, Southwest Gas has grown through strategic acquisitions and organic expansion to become one of the nation’s larger natural gas utilities by customer count.