Shares of Southwest Gas Corporation (NYSE:SWX) have earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $81.25.
SWX has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Southwest Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. BidaskClub cut shares of Southwest Gas from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 23rd. Jefferies Group reiterated a “hold” rating and issued a $70.00 price target on shares of Southwest Gas in a research note on Thursday, August 31st. KeyCorp reiterated a “hold” rating on shares of Southwest Gas in a research note on Friday, September 1st. Finally, UBS increased their price target on shares of Southwest Gas from $83.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, November 8th.
In other news, VP Gregory J. Peterson sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $85.72, for a total transaction of $85,720.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kenneth J. Kenny sold 600 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $80.17, for a total transaction of $48,102.00. Following the sale, the vice president now owns 16,746 shares of the company’s stock, valued at approximately $1,342,526.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,120 shares of company stock valued at $423,096. 0.99% of the stock is currently owned by corporate insiders.
Shares of Southwest Gas (NYSE SWX) traded down $0.66 during mid-day trading on Friday, reaching $82.74. 121,318 shares of the company’s stock were exchanged, compared to its average volume of 263,562. The firm has a market capitalization of $4,088.71, a PE ratio of 25.19, a P/E/G ratio of 3.89 and a beta of 0.61. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.01. Southwest Gas has a 12-month low of $71.51 and a 12-month high of $86.87.
Southwest Gas (NYSE:SWX) last announced its quarterly earnings results on Tuesday, November 7th. The utilities provider reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. The firm had revenue of $593.15 million during the quarter, compared to analysts’ expectations of $579.40 million. Southwest Gas had a net margin of 6.64% and a return on equity of 9.56%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.05 earnings per share. research analysts expect that Southwest Gas will post 3.42 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.495 per share. This represents a $1.98 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Wednesday, February 14th. Southwest Gas’s dividend payout ratio is presently 58.24%.
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About Southwest Gas
Southwest Gas Holdings, Inc, formerly Southwest Gas Corporation, is engaged in the business of purchasing, distributing and transporting natural gas. The Company operates through two segments: natural gas operations and construction services, which includes the operations of the Company’s subsidiary, Centuri Construction Group, Inc (Centuri).
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