Southwest Gas Holdings Inc (NYSE:SWX) VP Sells $45,130.00 in Stock

Southwest Gas Holdings Inc (NYSE:SWX) VP Kenneth J. Kenny sold 500 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $90.26, for a total transaction of $45,130.00. Following the completion of the sale, the vice president now directly owns 16,121 shares in the company, valued at approximately $1,455,081.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of SWX opened at $88.93 on Friday. The firm has a 50-day moving average price of $89.60 and a 200 day moving average price of $85.34. The firm has a market capitalization of $4.83 billion, a PE ratio of 24.17, a P/E/G ratio of 3.69 and a beta of 0.33. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. Southwest Gas Holdings Inc has a 52-week low of $72.68 and a 52-week high of $91.93.

Southwest Gas (NYSE:SWX) last announced its earnings results on Tuesday, August 6th. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.02). Southwest Gas had a net margin of 6.61% and a return on equity of 8.86%. The company had revenue of $713.01 million during the quarter, compared to the consensus estimate of $289.70 million. During the same quarter in the prior year, the company earned $0.44 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities analysts expect that Southwest Gas Holdings Inc will post 3.93 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Quadrant Capital Group LLC boosted its holdings in shares of Southwest Gas by 189.9% in the first quarter. Quadrant Capital Group LLC now owns 400 shares of the utilities provider’s stock worth $32,000 after buying an additional 262 shares during the period. TCI Wealth Advisors Inc. boosted its holdings in shares of Southwest Gas by 39.4% in the second quarter. TCI Wealth Advisors Inc. now owns 407 shares of the utilities provider’s stock worth $36,000 after buying an additional 115 shares during the period. Cullen Frost Bankers Inc. acquired a new position in shares of Southwest Gas in the first quarter worth about $41,000. NEXT Financial Group Inc acquired a new position in shares of Southwest Gas in the second quarter worth about $47,000. Finally, Hanson McClain Inc. boosted its holdings in shares of Southwest Gas by 173.5% in the first quarter. Hanson McClain Inc. now owns 547 shares of the utilities provider’s stock worth $45,000 after buying an additional 347 shares during the period. Institutional investors own 82.60% of the company’s stock.

A number of analysts recently weighed in on the stock. Williams Capital raised shares of Southwest Gas from a “hold” rating to a “buy” rating and increased their price objective for the stock from $81.00 to $96.00 in a report on Tuesday, June 18th. Wells Fargo & Co reiterated a “hold” rating on shares of Southwest Gas in a research report on Monday, June 10th. JPMorgan Chase & Co. assumed coverage on shares of Southwest Gas in a research report on Wednesday, July 17th. They issued an “overweight” rating and a $93.00 target price for the company. ValuEngine lowered shares of Southwest Gas from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, UBS Group set a $91.00 target price on shares of Southwest Gas and gave the company a “hold” rating in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $89.00.

Southwest Gas Company Profile

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.

Featured Article: How does the Beige Book influence monetary policy?

Insider Buying and Selling by Quarter for Southwest Gas (NYSE:SWX)

Receive News & Ratings for Southwest Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Gas and related companies with MarketBeat.com's FREE daily email newsletter.