Reported about 1 year ago
The article discusses Carl Icahn's significant investment in Southwest Gas through his Icahn Enterprises, where he owns around 15% of the company. As an activist investor, Icahn aims to unlock value for shareholders. Southwest Gas is undergoing changes, particularly the separation of Centuri Holdings, which could impact its stock performance. Despite optimistic growth projections in certain regions, Southwest Gas is not standing out, and a potential dividend cut is looming. The article suggests that conservative investors may be better off with a diversified utility ETF instead of investing directly in Southwest Gas amid potential uncertainties.
Source: YAHOO