Investment Analysts’ Recent Ratings Updates for Southwest Gas (SWX)

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Southwest Gas (NYSE: SWX) has recently received a number of price target changes and ratings updates:

  • 5/18/2019 – Southwest Gas was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $96.00 price target on the stock. According to Zacks, “Southwest Gas Holdings, Inc. is an energy holding company based in Las Vegas, Nevada. Southwest Gas Holdings, Inc. owns two primary operating companies, Southwest Gas Corporation and Centuri Construction Group, Inc. Southwest Gas Corporation is a regulated utility and provides natural gas service to more than 1.9 million residential, commercial, and industrial customers in most of Arizona and Nevada, and parts of northeastern and southeastern California. Centuri Construction Group, Inc., is a full-service underground piping contractor that primarily provides utility companies with trenching and installation, replacement, and maintenance services for energy distribution systems, and develops industrial construction solutions. Centuri Construction Group Inc. operates in major markets across the United States and Canada. “
  • 5/17/2019 – Southwest Gas was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Southwest Gas Holdings, Inc. is an energy holding company based in Las Vegas, Nevada. Southwest Gas Holdings, Inc. owns two primary operating companies, Southwest Gas Corporation and Centuri Construction Group, Inc. Southwest Gas Corporation is a regulated utility and provides natural gas service to more than 1.9 million residential, commercial, and industrial customers in most of Arizona and Nevada, and parts of northeastern and southeastern California. Centuri Construction Group, Inc., is a full-service underground piping contractor that primarily provides utility companies with trenching and installation, replacement, and maintenance services for energy distribution systems, and develops industrial construction solutions. Centuri Construction Group Inc. operates in major markets across the United States and Canada. “
  • 5/10/2019 – Southwest Gas had its “hold” rating reaffirmed by analysts at Wells Fargo & Co.
  • 5/9/2019 – Southwest Gas was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 5/1/2019 – Southwest Gas was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $93.00 price target on the stock. According to Zacks, “Southwest Gas Holdings, Inc. is an energy holding company based in Las Vegas, Nevada. Southwest Gas Holdings, Inc. owns two primary operating companies, Southwest Gas Corporation and Centuri Construction Group, Inc. Southwest Gas Corporation is a regulated utility and provides natural gas service to more than 1.9 million residential, commercial, and industrial customers in most of Arizona and Nevada, and parts of northeastern and southeastern California. Centuri Construction Group, Inc., is a full-service underground piping contractor that primarily provides utility companies with trenching and installation, replacement, and maintenance services for energy distribution systems, and develops industrial construction solutions. Centuri Construction Group Inc. operates in major markets across the United States and Canada. “
  • 4/17/2019 – Southwest Gas was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Southwest Gas Holdings, Inc. is an energy holding company based in Las Vegas, Nevada. Southwest Gas Holdings, Inc. owns two primary operating companies, Southwest Gas Corporation and Centuri Construction Group, Inc. Southwest Gas Corporation is a regulated utility and provides natural gas service to more than 1.9 million residential, commercial, and industrial customers in most of Arizona and Nevada, and parts of northeastern and southeastern California. Centuri Construction Group, Inc., is a full-service underground piping contractor that primarily provides utility companies with trenching and installation, replacement, and maintenance services for energy distribution systems, and develops industrial construction solutions. Centuri Construction Group Inc. operates in major markets across the United States and Canada. “
  • 4/11/2019 – Southwest Gas was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Southwest Gas Holdings, Inc. is an energy holding company based in Las Vegas, Nevada. Southwest Gas Holdings, Inc. owns two primary operating companies, Southwest Gas Corporation and Centuri Construction Group, Inc. Southwest Gas Corporation is a regulated utility and provides natural gas service to more than 1.9 million residential, commercial, and industrial customers in most of Arizona and Nevada, and parts of northeastern and southeastern California. Centuri Construction Group, Inc., is a full-service underground piping contractor that primarily provides utility companies with trenching and installation, replacement, and maintenance services for energy distribution systems, and develops industrial construction solutions. Centuri Construction Group Inc. operates in major markets across the United States and Canada. “
  • 4/4/2019 – Southwest Gas was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Southwest Gas Holdings, Inc. is an energy holding company based in Las Vegas, Nevada. Southwest Gas Holdings, Inc. owns two primary operating companies, Southwest Gas Corporation and Centuri Construction Group, Inc. Southwest Gas Corporation is a regulated utility and provides natural gas service to more than 1.9 million residential, commercial, and industrial customers in most of Arizona and Nevada, and parts of northeastern and southeastern California. Centuri Construction Group, Inc., is a full-service underground piping contractor that primarily provides utility companies with trenching and installation, replacement, and maintenance services for energy distribution systems, and develops industrial construction solutions. Centuri Construction Group Inc. operates in major markets across the United States and Canada. “
  • 3/29/2019 – Southwest Gas was downgraded by analysts at UBS Group AG from a “buy” rating to a “neutral” rating. They now have a $89.00 price target on the stock, up previously from $88.00.
  • 3/29/2019 – Southwest Gas was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Southwest Gas Holdings, Inc. is an energy holding company based in Las Vegas, Nevada. Southwest Gas Holdings, Inc. owns two primary operating companies, Southwest Gas Corporation and Centuri Construction Group, Inc. Southwest Gas Corporation is a regulated utility and provides natural gas service to more than 1.9 million residential, commercial, and industrial customers in most of Arizona and Nevada, and parts of northeastern and southeastern California. Centuri Construction Group, Inc., is a full-service underground piping contractor that primarily provides utility companies with trenching and installation, replacement, and maintenance services for energy distribution systems, and develops industrial construction solutions. Centuri Construction Group Inc. operates in major markets across the United States and Canada. “

Shares of SWX opened at $87.08 on Monday. Southwest Gas Holdings Inc has a 1-year low of $72.45 and a 1-year high of $87.58. The stock has a market cap of $4.65 billion, a P/E ratio of 23.66, a P/E/G ratio of 3.50 and a beta of 0.37. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.85 and a quick ratio of 0.85.

Southwest Gas (NYSE:SWX) last announced its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.19. Southwest Gas had a net margin of 6.69% and a return on equity of 9.34%. The company had revenue of $807.10 million during the quarter, compared to analyst estimates of $516.97 million. During the same quarter last year, the business posted $1.63 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. Research analysts forecast that Southwest Gas Holdings Inc will post 3.92 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be issued a dividend of $0.545 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $2.18 dividend on an annualized basis and a yield of 2.50%. Southwest Gas’s payout ratio is 59.24%.

In other Southwest Gas news, insider Paul M. Daily purchased 325 shares of Southwest Gas stock in a transaction dated Tuesday, March 19th. The stock was acquired at an average price of $83.00 per share, for a total transaction of $26,975.00. Following the acquisition, the insider now owns 325 shares in the company, valued at approximately $26,975. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Eric Debonis purchased 2,000 shares of Southwest Gas stock in a transaction dated Friday, March 15th. The stock was acquired at an average price of $82.67 per share, with a total value of $165,340.00. Following the acquisition, the senior vice president now owns 11,150 shares in the company, valued at approximately $921,770.50. The disclosure for this purchase can be found here. Insiders have sold a total of 5,450 shares of company stock valued at $459,207 in the last quarter. 0.83% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of Southwest Gas by 3.2% in the 1st quarter. BlackRock Inc. now owns 6,437,376 shares of the utilities provider’s stock valued at $529,536,000 after purchasing an additional 201,816 shares in the last quarter. Vanguard Group Inc raised its holdings in shares of Southwest Gas by 1.5% in the 3rd quarter. Vanguard Group Inc now owns 4,846,087 shares of the utilities provider’s stock valued at $382,987,000 after purchasing an additional 71,500 shares in the last quarter. Macquarie Group Ltd. raised its holdings in shares of Southwest Gas by 1.8% in the 1st quarter. Macquarie Group Ltd. now owns 1,973,819 shares of the utilities provider’s stock valued at $162,366,000 after purchasing an additional 34,530 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Southwest Gas by 2.7% in the 1st quarter. Northern Trust Corp now owns 1,509,660 shares of the utilities provider’s stock valued at $124,184,000 after purchasing an additional 39,354 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Southwest Gas by 0.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,140,088 shares of the utilities provider’s stock valued at $87,217,000 after purchasing an additional 9,075 shares in the last quarter. Institutional investors and hedge funds own 84.60% of the company’s stock.

Southwest Gas Holdings, Inc, through its subsidiaries, purchases, distributes, and transports natural gas in Arizona, Nevada, and California. The company operates through two segments, Natural Gas Operations and Utility Infrastructure Services. As of December 31, 2018, it had 2,047,000 residential, commercial, industrial, and other natural gas customers.

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