BlackRock Amends SWX Stake to 10.9% as of Dec 31, 2023
Ticker: SWX · Form: SC 13G/A · Filed: 2024-01-23T00:00:00.000Z
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.
From the Filing
EDGAR Filing Documents for 0001086364-24-001749 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-001749 Filing Date 2024-01-23 Accepted 2024-01-23 16:13:58 Documents 1 Document Format Files Seq Description Document Type Size 1 us8448951025_012324.txt SC 13G/A 11898 Complete submission text file 0001086364-24-001749.txt 13799 Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance) Mailing Address C/O SOUTHWEST GAS CORPORATION 8360 S. DURANGO DRIVE LAS VEGAS NV 89113 Business Address C/O SOUTHWEST GAS CORPORATION 8360 S. DURANGO DRIVE LAS VEGAS NV 89113 702-876-7237 Southwest Gas Holdings, Inc. (Subject) CIK : 0001692115 (see all company filings) EIN. : 813881866 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-89940 | Film No.: 24552749 SIC : 4923 Natural Gas Transmisison & Distribution (CF Office: 01 Energy & Transportation)