Key Points
- Southwest Gas SVP Julie Williams sold 2,500 shares at an average price of $81.81, generating $204,525. After the sale, she owned 26,450 shares, an 8.64% reduction in her holdings.
- Southwest Gas shares opened at $82.16, below their 50-day and 200-day moving averages, and have traded between $76.74 and $94.46 over the past year. The company reported quarterly EPS in line with estimates at $0.45, while revenue fell 9.6% year over year to $358.15 million.
- The company pays a quarterly dividend of $0.645, equivalent to an annualized $2.58 and a 3.1% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $101.83.
Southwest Gas Corporation (NYSE:SWX - Get Free Report) SVP Julie Williams sold 2,500 shares of the company's stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $81.81, for a total value of $204,525.00. Following the transaction, the senior vice president directly owned 26,450 shares in the company, valued at approximately $2,163,874.50. This trade represents a 8.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Southwest Gas Stock Up 0.3%
Shares of NYSE:SWX opened at $82.16 on Wednesday. The business's 50 day simple moving average is $88.86 and its two-hundred day simple moving average is $89.09. The firm has a market cap of $5.95 billion, a P/E ratio of 10.73, a PEG ratio of 1.94 and a beta of 0.57. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.99 and a current ratio of 1.12. Southwest Gas Corporation has a 52-week low of $76.74 and a 52-week high of $94.46.
Southwest Gas (NYSE:SWX - Get Free Report) last issued its earnings results on Wednesday, August 5th. The utilities provider reported $0.45 earnings per share for the quarter, hitting analysts' consensus estimates of $0.45. Southwest Gas had a return on equity of 6.79% and a net margin of 31.85%.The company had revenue of $358.15 million for the quarter, compared to analyst estimates of $416.20 million. During the same period in the prior year, the firm earned ($0.18) earnings per share. Southwest Gas's revenue for the quarter was down 9.6% on a year-over-year basis. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. As a group, research analysts forecast that Southwest Gas Corporation will post 4.26 EPS for the current fiscal year.
Southwest Gas Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were paid a $0.6450 dividend. This represents a $2.58 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, August 17th. Southwest Gas's dividend payout ratio (DPR) is 33.68%.
Institutional Trading of Southwest Gas
Several institutional investors and hedge funds have recently made changes to their positions in SWX. QRG Capital Management Inc. bought a new position in shares of Southwest Gas during the second quarter valued at about $206,000. Sequoia Financial Advisors LLC grew its position in Southwest Gas by 23.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,685 shares of the utilities provider's stock worth $682,000 after purchasing an additional 1,468 shares in the last quarter. Tidal Investments LLC grew its position in Southwest Gas by 80.8% in the 2nd quarter. Tidal Investments LLC now owns 5,879 shares of the utilities provider's stock worth $521,000 after purchasing an additional 2,628 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Southwest Gas in the 2nd quarter valued at about $172,000. Finally, NewEdge Advisors LLC increased its stake in Southwest Gas by 19.7% in the 2nd quarter. NewEdge Advisors LLC now owns 4,051 shares of the utilities provider's stock valued at $359,000 after buying an additional 667 shares during the last quarter. Hedge funds and other institutional investors own 92.77% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the stock. Mizuho set a $103.00 target price on shares of Southwest Gas in a research report on Wednesday, August 5th. Scotiabank assumed coverage on Southwest Gas in a research note on Tuesday. They set a "sector outperform" rating and a $95.00 price target for the company. Weiss Ratings lowered Southwest Gas from a "buy (b+)" rating to a "buy (b)" rating in a report on Monday, September 14th. Wells Fargo & Company increased their price objective on Southwest Gas from $105.00 to $107.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Finally, Wall Street Zen upgraded Southwest Gas from a "sell" rating to a "hold" rating in a report on Saturday. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Southwest Gas currently has a consensus rating of "Moderate Buy" and an average target price of $101.83.
Read Our Latest Stock Report on SWX
About Southwest Gas
(
Get Free Report)
Southwest Gas Holdings, Inc is a regulated energy company that provides natural gas distribution services through its subsidiary, Southwest Gas Corporation. The utility delivers natural gas to residential, commercial and industrial customers, primarily in Arizona, Nevada and portions of California, serving communities across the desert Southwest.
The company's utility operations include the acquisition, transportation and distribution of natural gas through a network of pipelines and related infrastructure.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
