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Top related persons:
Ibotta - 1 Rubrik - 1 Matt Kennedy - 1 IPOs - 1 That's - 1 Kennedy - 1 Santosh Rao - 1 Keith Meister's - 1
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Catalent Somerset , New Jersey MDU Arizona , California Nevada
Top related orgs:
Centuri Holdings - 1 Southwest Gas Holdings - 1 UL Solutions - 1 Group - 1 Renaissance Capital - 1 Loar Holdings - 1 Manhattan Venture Partners - 1 Management - 1

Search resuls for: "Southwest Gas"


14 mentions found


☆ IPO market continues to open up, market downdraft be damned, but higher rates loom
  + stars: | 2024-04-18 | by ( Bob Pisani | ) www.cnbc.com   time to read: +3 min
For proof that the market for initial public offerings continues to open up despite the downdraft in the market, just look at this week. This spring reopening, however, is threatened by the specter of higher interest rates. Why higher interest rates hurt IPOs The major headwind: higher for longer interest rates. technology) are more sensitive to a change in interest rates, because their cash flow projections are further out. Still, most admit higher rates make it more difficult to get investors excited about IPOs.
Persons: Ibotta, Rubrik, Matt Kennedy, IPOs, That's, Kennedy, Santosh Rao Organizations: Centuri Holdings, Southwest Gas Holdings, UL Solutions, Group, Renaissance Capital, Loar Holdings, Manhattan Venture Partners
☆ Keith Meister's Corvex Management places new giant bet on a drugmaker, adds to a utility stake
  + stars: | 2023-08-15 | by ( Sarah Min | ) www.cnbc.com   time to read: +1 min
Keith Meister's Corvex Management placed a big new bet on drugmaker Catalent , among other moves in an active quarter for the fund manager. The fund also has a new position in Knife River , a construction materials and contracting company, leading to a $110.3 million holding. It's the seventh largest position in the fund and likely the result of a spin-off. In June, Knife River spun off from MDU Resources , which is the third largest holding in Corvex. Knife River is up more than 17% this quarter.
Persons: Keith Meister's, drugmaker, Corvex, Meister, Carl Icahn Organizations: Management, Securities and Exchange Commission, MDU Resources, Adobe Systems, Wrestling Entertainment, Southwest Gas, Constellation Energy, Algonquin Power Locations: Catalent, Somerset , New Jersey, MDU, Arizona , California, Nevada
☆ Keith Meister’s Corvex Management bets on Amazon, slashes other big tech holdings
  + stars: | 2023-05-16 | by ( Samantha Subin | ) www.cnbc.com   time to read: +2 min
Keith Meister's Corvex Management scooped up shares of Amazon during the first quarter, while slashing its stakes in technology giants Alphabet and Microsoft . Meister also bought shares of Endeavor Group , a position worth $44.9 million at the end of the first quarter. Other new bets from Corvex included a $22.7 million position in Uber Technologies and a stake in Algonquin Power . Prior to launching Corvex, Meister worked closely with legendary activist investor Carl Icahn. At the end of the first quarter, Corvex managed about $2.9 billion in regulatory assets, according to securities filings.
☆ As earnings season winds down, investors turn to Tuesday's debt ceiling meeting
  + stars: | 2023-05-06 | by ( Zev Fima | ) www.cnbc.com   time to read: +12 min
With only a small fraction of the S & P 500 left to report quarterly earnings, investors are now turning their focus to another major hurdle for the markets and economy: the debt ceiling crisis. Earlier this week, we looked back to debt limit crisis of 2011 for potential lessons. The protracted fight ultimately ended in an agreement in early August of that year, but it was a choppy summertime ride for investors. Within the portfolio, Wynn Resorts will report Tuesday, after the closing bell, and Disney will report on Wednesday, after the closing bell. Estee Lauder (EL) and Emerson Electric (EMR) reported earnings before the opening bell.
☆ Short investor Hindenburg erases fifth of Icahn empire’s value
  + stars: | 2023-05-02 | by ( ) edition.cnn.com   time to read: +4 min
In a report published on Tuesday, Hindenburg accused IEP of overvaluing its holdings and relying on a “Ponzi-like” structure to pay dividends. The subsequent plunge in IEP shares wiped $2.9 billion off Icahn’s net worth, leaving him with an estimated $14.7 billion, according to Forbes. NAV is a key gauge of a fund’s performance, measuring the market value of securities held by the fund. Driving the frothiness in IEP’s stock, Hindenburg argued, is its dividend yield of 15.8%, the highest of any US large cap company by far. Hindenburg also offered examples it said showed IEP itself was valuing its holdings way above their market value.
☆ Short investor Hindenburg erases fifth of Icahn empire's value
  + stars: | 2023-05-02 | by ( Manya Saini Niket Nishant Koh Gui Qing | Manya Saini | Niket Nishant | ) www.reuters.com   time to read: +4 min
In a report published on Tuesday, Hindenburg accused IEP of overvaluing its holdings and relying on a "Ponzi-like" structure to pay dividends. The subsequent plunge in IEP shares wiped $2.9 billion off Icahn's net worth, leaving him with an estimated $14.7 billion, according to Forbes. NAV is a key gauge of a fund's performance, measuring the market value of securities held by the fund. Driving the frothiness in IEP's stock, Hindenburg argued, is its dividend yield of 15.8%, the highest of any U.S. large cap company by far. Hindenburg also offered examples it said showed IEP itself was valuing its holdings way above their market value.
☆ Keith Meister's Corvex Management bets on media companies, cuts big tech and biotech holdings
  + stars: | 2023-02-15 | by ( Pia Singh | ) www.cnbc.com   time to read: +2 min
Corvex Management increased its stakes in media-related companies while slashing technology and biotech investments, according to its latest quarterly 13F filing with the SEC. Crown Holdings was Meister's second-largest acquisition in the fourth quarter, when Corvex bought $74 million of shares. In November, billionaire Carl Icahn disclosed an 8.5% stake in the packaging company once known as Crown Cork & Seal. Corvex in the fourth quarter increased its position in Fomento Economico Mexicano , a Mexican multi-national retail and beverage company, by 9.5%, bringing the holding to almost $200 million. Corvex exited its positions in Amazon , JP Morgan Chase & Co . and Uber in the fourth quarter.
☆ Everyone wants to be an activist investor these days. Insiders like Carl Icahn lay out why it's not as easy as it looks.
  + stars: | 2022-12-15 | by ( Daniel Geiger | Rebecca Ungarino | Casey Sullivan | ) www.businessinsider.com   time to read: +12 min
Carl Icahn had a textbook strategy for the Nevada-based energy utility Southwest Gas Holdings. In August, Southwest Gas' board decided against a divestiture, and the sale of subsidiaries that Icahn had urged remains uncertain. "Shareholders don't want to hear it, but you really have great difficulty selling a company at a good price today," the widely followed activist investor Icahn told Insider. via CNBCBut, like Icahn in the case of Southwest Gas, participants in this new onslaught may find themselves confounded by an increasingly complex and fraught business environment. According to Lazard, 37% of activist campaigns this year were launched by first-timers, the highest proportion since the company started tracking these figures in 2015.
☆ Sinking stocks have helped activist campaigns surge. But giants like Carl Icahn say the business is riskier than ever.
  + stars: | 2022-12-14 | by ( Daniel Geiger | Rebecca Ungarino | Casey Sullivan | ) www.businessinsider.com   time to read: +12 min
Carl Icahn had a textbook strategy for the Nevada-based energy utility Southwest Gas Holdings. In August, Southwest Gas' board decided against a divestiture, and the sale of subsidiaries that Icahn had urged remains uncertain. That means that the sale of companies like Southwest Gas is off the table for the time being — or will get done at prices far lower than before. via CNBCBut, like Icahn in the case of Southwest Gas, participants in this new onslaught may find themselves confounded by an increasingly complex and fraught business environment. According to Lazard, 37% of activist campaigns this year were launched by first-timers, the highest proportion since the company started tracking these figures in 2015.
☆ Final Trades: Stryker, Southwest Gas, Freeport-McMoRan & more
  + stars: | 2022-12-08 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Stryker, Southwest Gas, Freeport-McMoRan & moreThe "Halftime Report" traders give their top picks to watch for the second half.
☆ Final Trades: Southwest Gas, Bristol-Myers, Albemarle & more
  + stars: | 2022-11-21 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Southwest Gas, Bristol-Myers, Albemarle & moreThe "Halftime Report" traders give their top picks to watch for the second half.
☆ These are the energy stocks Josh Brown and Joe Terranova like through the end of 2022
  + stars: | 2022-11-21 | by ( Michelle Fox | ) www.cnbc.com   time to read: +1 min
The bull market in energy is still going strong and any dips are an opportunity to buy, according to Ritholtz Wealth Management CEO Josh Brown. The Energy Select Sector SPDR Fund also regained some of its earlier losses but was still down more than 1%. Joe Terranova, a senior managing director for Virtus Investment Partners, is also bullish on energy. "These are all the companies that I believe rightfully belong in a diversified energy basket," Terranova said on " Halftime Report ." Brown likes the iShares U.S. Oil & Gas Exploration & Production exchange-traded fund, as well as Cheniere Energy , Southwest Gas and Nextera Energy.
☆ Multiple people found dead at Phoenix home, police say
  + stars: | 2022-11-16 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com   time to read: 1 min
Multiple people were found dead Wednesday at a home in Phoenix, police said. A spokesperson for the department said officers were called to a residence near West Augusta Avenue and found "deceased victims" inside. "Out of an abundance of caution, Southwest Gas has turned off gas to the residence. The department told NBC affiliate KPNX of Mesa, Arizona, that it was "an extremely tragic situation." Emergency vehicles near the home where multiple people were found dead in Phoenix on Wednesday.
☆ Arizona GOP governor candidate Kari Lake, who has spread election conspiracies, raises cash from business leaders
  + stars: | 2022-10-25 | by ( Brian Schwartz | ) www.cnbc.com   time to read: +6 min
Arizona republican candidate for governor Kari Lake greets the audience during a stop on the Truth and Courage PAC's Take Back America Bus Tour with U.S. Lake is endorsed by Trump, who spread false conspiracies that he lost that 2020 election because of widespread voter fraud. He helped to fuel the wave of GOP candidates who have run for office while casting doubts on the 2020 results. Ducey certified Arizona's 2020 election results. Hobbs, as the state's top election official, has denied any irregularities in the 2020 election.
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