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.
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.
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