Southwest Gas Holdings, Inc. (SWX): Chase Insider & Institutional Changes, Not Stock Prices – Post Analyst

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Southwest Gas Holdings, Inc. (NYSE:SWX) enjoyed a 18.36% run-up in share price since hitting record low of $70.34. The stock managed 4.6% rise and now stands at $83.25 as of 5/10/2019. At a recent session, the prices were hovering between $79.475 and $83.25. This company shares are -2.7% up from its target price of $81 and the current market capitalization stands at $4.23B. The recent change has given its price a 0.7% lead over SMA 50 and -3.16% deficit over its 52-week high. The stock witnessed 0.91% gains, 6.05% gains and 2.69% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found SWX’s volatility during a week at 2.49% and during a month it has been found around 1.62%.

Southwest Gas Holdings, Inc. (SWX) Top Holders

Institutional investors currently hold around $3.76 billion or 85.6% in SWX stock. Look at its top three institutional owners: Blackrock Inc. owns $535.91 million in Southwest Gas Holdings, Inc., which represents roughly 12.67% of the company’s market cap and approximately 14.25% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 5,353,726 shares of the stock are valued at $445.7 million. The third largest holder is Price T Rowe Associates Inc /Md/, which currently holds $250.84 million worth of this stock and that ownership represents nearly 5.93% of its market capitalization.

Southwest Gas Holdings, Inc. 13F Filings

At the end of March reporting period, 142 institutional holders increased their position in Southwest Gas Holdings, Inc. (NYSE:SWX) by some 4,592,515 shares, 117 decreased positions by 1,809,324 and 58 held positions by 38,777,035. That puts total institutional holdings at 45,178,874 shares, according to SEC filings. The stock grabbed 41 new institutional investments totaling 740,538 shares while 33 institutional investors sold out their entire positions totaling 489,848 shares.

Southwest Gas Holdings, Inc. (NYSE:SWX) Insider Trades

Multiple company employees have indulged in significant insider trading. Southwest Gas Holdings, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Executive Officer Daily Paul M has acquired 325 shares of Southwest Gas Holdings, Inc. (SWX) in the trading session dated Mar. 19, 2019. These shares are worth $26,975 and were traded at $83 each. The SEC filing shows that CHESTNUT THOMAS E performed a sale of 1,700 shares. The Director disposed these shares by way of transaction on Mar. 19, 2019. The company’s shares were given away at $83.54 per share worth to an income of some $142,018 to the account of CHESTNUT THOMAS E.

SVP/Operations, DeBonis Eric, purchased 2,000 common shares of Southwest Gas Holdings, Inc. (SWX) in the open market. In a transaction dated Mar. 15, 2019, the shares were bought at an average price of $82.67, giving away a sum of $165,340. After this purchase, 13,170 common shares of SWX are directly owned by the insider, with total stake valued at $1,096,443.

In the transaction dated Mar. 04, 2019, a great number of shares sold came courtesy the SVP/Operations; DeBonis Eric disposed a total of 1,400 shares at an average price of $83.68, amounting to approximately $117,152. The insider now directly owns 12,407 shares worth $1,032,891.

Southwest Gas Holdings, Inc. (SWX) Analyst Guide

Several analysts have released their opinion on Southwest Gas Holdings, Inc. (NYSE:SWX), with 0 analysts believing it is a strong buy. Whereas 6 of them predict the stock is a hold. Also, there are 0 buy, 1 sell and 0 strong sell ratings, collectively assigning a 3.14 average brokerage recommendation [T1].

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