Southwest Gas Holdings, Inc. (NYSE:SWX) Receives Average Recommendation of “Hold” from Analysts

Southwest Gas Holdings, Inc. (NYSE:SWX) has been assigned a consensus rating of “Hold” from the six analysts that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $67.50.

A number of equities analysts have recently issued reports on SWX shares. Bank of America upgraded shares of Southwest Gas from an “underperform” rating to a “neutral” rating in a research note on Wednesday, June 30th. Wells Fargo & Company dropped their price objective on shares of Southwest Gas from $77.00 to $72.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 30th. Finally, Zacks Investment Research lowered shares of Southwest Gas from a “buy” rating to a “hold” rating in a report on Saturday, July 3rd.

Large investors have recently modified their holdings of the business. Bbva USA bought a new stake in Southwest Gas during the 2nd quarter worth about $30,000. Meeder Asset Management Inc. grew its holdings in Southwest Gas by 61.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 475 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 180 shares during the last quarter. Evermay Wealth Management LLC bought a new stake in Southwest Gas during the 2nd quarter worth about $35,000. Dark Forest Capital Management LP bought a new stake in Southwest Gas during the 2nd quarter worth about $67,000. Finally, Captrust Financial Advisors grew its holdings in Southwest Gas by 116.9% during the 1st quarter. Captrust Financial Advisors now owns 1,698 shares of the utilities provider’s stock worth $117,000 after acquiring an additional 915 shares during the last quarter. 82.58% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SWX stock traded up $0.06 during mid-day trading on Tuesday, reaching $69.40. The company’s stock had a trading volume of 508,843 shares, compared to its average volume of 459,984. Southwest Gas has a 1-year low of $57.00 and a 1-year high of $75.00. The company has a market cap of $4.10 billion, a P/E ratio of 15.09, a PEG ratio of 3.05 and a beta of 0.17. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.79 and a current ratio of 0.79. The firm’s 50-day moving average is $70.54 and its two-hundred day moving average is $68.80.

Southwest Gas (NYSE:SWX) last announced its quarterly earnings data on Thursday, August 5th. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). Southwest Gas had a net margin of 7.74% and a return on equity of 9.68%. The business had revenue of $821.42 million during the quarter, compared to analyst estimates of $775.39 million. Sell-side analysts anticipate that Southwest Gas will post 4.09 EPS for the current year.

Southwest Gas Company Profile

Southwest Gas Holdings, Inc engages in the energy business. It operates through the following segments: Natural Gas Operations and Utility Infrastructure Services. The Natural Gas Operations segment focuses in purchasing, distribution, and transportation of natural gas in Arizona, California, and Nevada.

Read More: Initial Coin Offering (ICO)

Receive News & Ratings for Southwest Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Gas and related companies with MarketBeat.com's FREE daily email newsletter.