Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Southwest Gas Corporation (SWX) Share Price
Media coverage about Southwest Gas Corporation (NYSE:SWX) has been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Southwest Gas Corporation earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 46.7452068003427 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Southwest Gas Corporation (NYSE SWX) opened at 77.18 on Wednesday. The company has a market capitalization of $3.67 billion, a PE ratio of 23.89 and a beta of 0.61. Southwest Gas Corporation has a 52-week low of $64.26 and a 52-week high of $86.65. The company has a 50 day moving average of $79.20 and a 200 day moving average of $79.78.
Southwest Gas Corporation (NYSE:SWX) last released its earnings results on Monday, August 7th. The utilities provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. The company had revenue of $560.50 million for the quarter, compared to analysts’ expectations of $564.84 million. Southwest Gas Corporation had a net margin of 6.46% and a return on equity of 9.09%. Southwest Gas Corporation’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.19 EPS. On average, equities research analysts forecast that Southwest Gas Corporation will post $3.42 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a $0.495 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.98 dividend on an annualized basis and a yield of 2.57%. Southwest Gas Corporation’s payout ratio is presently 61.11%.
A number of equities analysts have recently commented on SWX shares. KeyCorp reaffirmed a “hold” rating on shares of Southwest Gas Corporation in a report on Friday, September 1st. Jefferies Group LLC reiterated a “hold” rating and set a $70.00 price objective on shares of Southwest Gas Corporation in a research note on Thursday, August 31st. BidaskClub lowered Southwest Gas Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 23rd. Finally, Zacks Investment Research raised Southwest Gas Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. Southwest Gas Corporation presently has an average rating of “Hold” and a consensus target price of $80.50.
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In related news, SVP Karen S. Haller sold 1,300 shares of the stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $80.95, for a total transaction of $105,235.00. Following the completion of the sale, the senior vice president now owns 26,639 shares in the company, valued at $2,156,427.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kenneth J. Kenny sold 600 shares of the stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $80.90, for a total value of $48,540.00. Following the sale, the vice president now owns 17,137 shares of the company’s stock, valued at approximately $1,386,383.30. The disclosure for this sale can be found here. 0.99% of the stock is owned by company insiders.
About Southwest Gas Corporation
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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