Southwest Gas Holdings Inc (SWX) Receives $81.25 Average Target Price from Brokerages

Southwest Gas Holdings Inc (NYSE:SWX) has been assigned a consensus rating of “Hold” from the seven ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $81.25.

Several research firms have recently weighed in on SWX. Zacks Investment Research downgraded Southwest Gas from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. UBS Group raised Southwest Gas from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Tuesday, December 19th. Citigroup boosted their target price on Southwest Gas from $79.00 to $82.00 and gave the company a “neutral” rating in a research report on Monday, November 20th. Finally, KeyCorp reissued a “hold” rating on shares of Southwest Gas in a research report on Friday, October 20th.

Southwest Gas (NYSE:SWX) traded up $0.47 during midday trading on Wednesday, hitting $68.85. The stock had a trading volume of 204,881 shares, compared to its average volume of 211,025. The company has a market cap of $3,263.90, a P/E ratio of 20.25 and a beta of 0.48. 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 52-week low of $66.61 and a 52-week high of $86.87.

In other Southwest Gas news, VP Gregory J. Peterson sold 1,000 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $85.72, for a total value of $85,720.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.99% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. HighTower Advisors LLC grew its position in Southwest Gas by 6.4% in the 2nd quarter. HighTower Advisors LLC now owns 3,946 shares of the utilities provider’s stock valued at $291,000 after acquiring an additional 237 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Southwest Gas by 3.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 9,627 shares of the utilities provider’s stock valued at $703,000 after acquiring an additional 282 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in Southwest Gas by 2.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 18,403 shares of the utilities provider’s stock valued at $1,345,000 after acquiring an additional 391 shares during the last quarter. Advisors Asset Management Inc. grew its position in Southwest Gas by 7.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 10,229 shares of the utilities provider’s stock valued at $794,000 after acquiring an additional 711 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Southwest Gas by 37.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,621 shares of the utilities provider’s stock valued at $211,000 after acquiring an additional 718 shares during the last quarter. 77.31% of the stock is currently owned by institutional investors.

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Southwest Gas Company Profile

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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