Press coverage about Southwest Gas (NYSE:SWX) has been trending somewhat positive on Monday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Southwest Gas earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the utilities provider an impact score of 46.6726369046292 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Southwest Gas (NYSE SWX) traded up $0.14 during trading on Monday, hitting $82.95. The stock had a trading volume of 196,314 shares, compared to its average volume of 262,908. Southwest Gas has a twelve month low of $71.51 and a twelve month high of $86.87. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $3,952.67, a PE ratio of 24.36, a PEG ratio of 3.76 and a beta of 0.61.
Southwest Gas (NYSE:SWX) last released its quarterly earnings results on Tuesday, November 7th. The utilities provider reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.07. Southwest Gas had a return on equity of 9.56% and a net margin of 6.64%. The business had revenue of $593.15 million during the quarter, compared to analysts’ expectations of $579.40 million. During the same quarter in the prior year, the business earned $0.05 earnings per share. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. sell-side analysts expect that Southwest Gas will post 3.42 EPS for the current fiscal year.
The business also recently declared 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 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Wednesday, February 14th. Southwest Gas’s dividend payout ratio (DPR) is presently 58.24%.
A number of equities research analysts have weighed in on SWX shares. KeyCorp reiterated a “hold” rating on shares of Southwest Gas in a research note on Friday, October 20th. Jefferies Group reiterated a “hold” rating and issued a $70.00 price objective on shares of Southwest Gas in a research note on Thursday, August 31st. Citigroup boosted their price objective on Southwest Gas from $79.00 to $82.00 and gave the company a “neutral” rating in a research note on Monday, November 20th. UBS boosted their price objective on Southwest Gas from $83.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, November 8th. Finally, BidaskClub cut Southwest Gas from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 23rd. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. The company has an average rating of “Hold” and an average price target of $81.25.
In other news, VP Kenneth J. Kenny sold 600 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $80.17, for a total transaction of $48,102.00. Following the completion of the sale, the vice president now owns 16,746 shares in the company, valued at $1,342,526.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Eric Debonis sold 3,520 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $82.18, for a total value of $289,273.60. Following the sale, the senior vice president now owns 16,060 shares of the company’s stock, valued at approximately $1,319,810.80. The disclosure for this sale can be found here. Insiders have sold 5,120 shares of company stock valued at $423,096 in the last 90 days. Company insiders own 0.99% of the company’s stock.
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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