BlackRock Amends SWX Stake to 10.9% as of Dec 31, 2023
Ticker: SWX · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 1692115
| Field | Detail |
|---|---|
| Company | Southwest Gas Holdings, Inc. (SWX) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns 10.9% of Southwest Gas, showing they're sticking with it.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, disclosing its ownership in Southwest Gas Holdings, Inc. as of December 31, 2023. This amendment, the 16th for BlackRock, shows they now beneficially own 7,046,786 shares of Common Stock, representing 10.9% of the company. This matters to investors because BlackRock, a major institutional investor, maintains a significant stake, indicating continued confidence in Southwest Gas Holdings, Inc. despite a slight decrease from their previous reported ownership.
Why It Matters
BlackRock's continued substantial ownership signals institutional confidence in Southwest Gas Holdings, Inc., which can influence other investors and potentially stabilize the stock price.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a level of confidence.
Analyst Insight
Investors should note BlackRock's continued substantial, albeit slightly adjusted, ownership as a sign of ongoing institutional interest, but also monitor future filings for any significant changes in their position that could signal a shift in sentiment.
Key Numbers
- 7,046,786 — Shares Beneficially Owned (Represents BlackRock's total stake in Southwest Gas Holdings, Inc. as of December 31, 2023.)
- 10.9% — Percentage of Class (Indicates BlackRock's significant influence and investment in the company.)
- 16 — Amendment Number (Shows this is the 16th update to BlackRock's ownership disclosure for Southwest Gas Holdings, Inc.)
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Southwest Gas Holdings, Inc. (company) — the subject company in which BlackRock holds shares
- 7,046,786 (dollar_amount) — number of shares beneficially owned by BlackRock
- 10.9% (dollar_amount) — percentage of Southwest Gas Holdings, Inc. common stock owned by BlackRock
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock will maintain a significant stake in Southwest Gas Holdings, Inc. (BlackRock Inc.) — medium confidence, target: December 31, 2024
FAQ
What is the purpose of this specific SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No: 16) by BlackRock Inc. to update its beneficial ownership of Common Stock in Southwest Gas Holdings, Inc. as of December 31, 2023, as required by Rule 13d-1(b) of the Securities Exchange Act of 1934.
Who is the reporting person in this filing and what is their business address?
The reporting person is BlackRock Inc., and their business address is 50 Hudson Yards, New York, NY 10001, as stated in the 'FILED BY' section of the filing.
What is the CUSIP number for the securities discussed in this filing?
The CUSIP number for the Common Stock of Southwest Gas Holdings, Inc. is 844895102, as listed on the cover page of the Schedule 13G.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as specified on the cover page of the Schedule 13G.
What type of company is Southwest Gas Holdings, Inc. according to its Standard Industrial Classification?
Southwest Gas Holdings, Inc. is classified under 'NATURAL GAS TRANSMISSION & DISTRIBUTION [4923]' according to its Standard Industrial Classification in the 'SUBJECT COMPANY' data.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding Southwest Gas Holdings, Inc. (SWX).