Southwest Gas Holdings Inc (NYSE:SWX) – Stock analysts at KeyCorp issued their Q1 2018 EPS estimates for Southwest Gas in a research note issued to investors on Wednesday, April 18th. KeyCorp analyst P. Ridzon forecasts that the utilities provider will post earnings of $1.68 per share for the quarter. KeyCorp also issued estimates for Southwest Gas’ FY2019 earnings at $3.85 EPS.
Southwest Gas (NYSE:SWX) last released its earnings results on Tuesday, February 27th. The utilities provider reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.50 by $0.08. Southwest Gas had a net margin of 7.61% and a return on equity of 10.00%. The business had revenue of $740.43 million for the quarter, compared to analysts’ expectations of $705.70 million.
Other research analysts have also issued research reports about the stock. Jefferies Group restated a “hold” rating and issued a $69.00 price target on shares of Southwest Gas in a report on Wednesday, March 28th. UBS restated a “buy” rating and issued a $89.00 price target (down previously from $93.00) on shares of Southwest Gas in a report on Friday, March 2nd. Zacks Investment Research lowered shares of Southwest Gas from a “buy” rating to a “hold” rating in a report on Friday, January 26th. Williams Capital initiated coverage on shares of Southwest Gas in a report on Tuesday, April 10th. They issued a “hold” rating and a $73.00 price target on the stock. Finally, Citigroup cut their price target on shares of Southwest Gas from $82.00 to $73.00 and set a “neutral” rating on the stock in a report on Tuesday, March 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Southwest Gas currently has an average rating of “Hold” and an average price target of $76.00.
SWX opened at $71.26 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.81 and a current ratio of 0.81. Southwest Gas has a 1 year low of $62.53 and a 1 year high of $86.87. The company has a market capitalization of $3,409.19, a P/E ratio of 19.61 and a beta of 0.53.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Tuesday, May 15th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, May 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.92%. This is a positive change from Southwest Gas’s previous quarterly dividend of $0.50. Southwest Gas’s dividend payout ratio (DPR) is currently 54.70%.
In other news, SVP Eric Debonis sold 1,400 shares of Southwest Gas stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $63.43, for a total transaction of $88,802.00. Following the sale, the senior vice president now owns 14,229 shares in the company, valued at $902,545.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.99% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. William Blair Investment Management LLC purchased a new stake in shares of Southwest Gas during the fourth quarter valued at approximately $31,632,000. MetLife Investment Advisors LLC purchased a new stake in shares of Southwest Gas during the fourth quarter valued at approximately $4,179,000. Macquarie Group Ltd. raised its stake in shares of Southwest Gas by 8.6% during the fourth quarter. Macquarie Group Ltd. now owns 1,730,377 shares of the utilities provider’s stock valued at $131,163,000 after purchasing an additional 136,574 shares during the period. Vident Investment Advisory LLC raised its stake in shares of Southwest Gas by 9.0% during the fourth quarter. Vident Investment Advisory LLC now owns 14,100 shares of the utilities provider’s stock valued at $1,135,000 after purchasing an additional 1,169 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of Southwest Gas during the fourth quarter valued at approximately $666,000. Institutional investors own 80.14% of the company’s stock.
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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 Natural Gas Operations and Construction Services segments. As of December 31, 2017, it had 2,015,000 residential, commercial, industrial, and other natural gas customers.
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