Southwest Gas Holdings Inc (NYSE:SWX) SVP Justin L. Brown sold 300 shares of Southwest Gas stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $81.90, for a total transaction of $24,570.00. Following the sale, the senior vice president now owns 4,721 shares of the company’s stock, valued at $386,649.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
NYSE:SWX traded down $2.02 during mid-day trading on Friday, reaching $77.74. The stock had a trading volume of 234,754 shares, compared to its average volume of 224,726. Southwest Gas Holdings Inc has a fifty-two week low of $62.53 and a fifty-two week high of $86.87. The company has a market capitalization of $3.88 billion, a P/E ratio of 21.48, a P/E/G ratio of 5.32 and a beta of 0.43. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.05 and a current ratio of 1.05.
Southwest Gas (NYSE:SWX) last announced its quarterly earnings results on Tuesday, August 7th. The utilities provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.33 by $0.11. Southwest Gas had a return on equity of 10.22% and a net margin of 7.51%. The company had revenue of $670.88 million for the quarter, compared to the consensus estimate of $611.60 million. As a group, sell-side analysts forecast that Southwest Gas Holdings Inc will post 3.71 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Thursday, November 15th will be given a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $2.08 annualized dividend and a dividend yield of 2.68%. Southwest Gas’s dividend payout ratio is 57.46%.
A number of research analysts have recently commented on the stock. Bank of America set a $76.00 target price on shares of Southwest Gas and gave the stock a “sell” rating in a research report on Wednesday, October 3rd. Citigroup upped their price target on shares of Southwest Gas from $73.00 to $80.00 and gave the company a “hold” rating in a report on Wednesday, October 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Southwest Gas currently has an average rating of “Hold” and a consensus target price of $78.17.
Institutional investors and hedge funds have recently bought and sold shares of the company. Mount Yale Investment Advisors LLC bought a new stake in shares of Southwest Gas in the first quarter valued at approximately $100,000. NumerixS Investment Technologies Inc bought a new position in Southwest Gas in the second quarter worth $115,000. First Mercantile Trust Co. lifted its position in Southwest Gas by 51.9% in the second quarter. First Mercantile Trust Co. now owns 2,050 shares of the utilities provider’s stock worth $156,000 after purchasing an additional 700 shares during the period. First Republic Investment Management Inc. bought a new position in Southwest Gas in the second quarter worth $206,000. Finally, Ashfield Capital Partners LLC bought a new position in Southwest Gas in the second quarter worth $209,000. 83.26% of the stock is owned by institutional investors.
About Southwest Gas
Southwest Gas Holdings, Inc, through its subsidiaries, purchases, distributes, and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Operations and Construction Services segments. As of December 31, 2017, it had 2,015,000 residential, commercial, industrial, and other natural gas customers.
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