Shares of Southwest Gas Holdings Inc (NYSE:SWX) have earned an average rating of “Hold” from the nine research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $76.67.

Several research analysts recently commented on SWX shares. Bank of America raised their price target on shares of Southwest Gas from $73.00 to $76.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 5th. ValuEngine downgraded shares of Southwest Gas from a “hold” rating to a “sell” rating in a research note on Thursday, May 17th. Finally, Zacks Investment Research raised shares of Southwest Gas from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Wednesday, May 30th.

Southwest Gas opened at $78.92 on Thursday, MarketBeat Ratings reports. The stock has a market capitalization of $3.87 billion, a PE ratio of 21.80, a PEG ratio of 5.44 and a beta of 0.50. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.05 and a quick ratio of 1.10. Southwest Gas has a 12-month low of $62.53 and a 12-month high of $86.87.

Southwest Gas (NYSE:SWX) last released its earnings results on Tuesday, August 7th. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.11. The firm had revenue of $670.88 million during the quarter, compared to analyst estimates of $611.60 million. Southwest Gas had a net margin of 7.51% and a return on equity of 10.22%. research analysts forecast that Southwest Gas will post 3.55 EPS for the current year.

In related news, SVP Eric Debonis sold 700 shares of the firm’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $79.18, for a total value of $55,426.00. Following the transaction, the senior vice president now owns 12,954 shares of the company’s stock, valued at approximately $1,025,697.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Karen S. Haller sold 714 shares of the firm’s stock in a transaction dated Monday, May 21st. The shares were sold at an average price of $70.72, for a total transaction of $50,494.08. Following the transaction, the executive vice president now directly owns 24,216 shares in the company, valued at approximately $1,712,555.52. The disclosure for this sale can be found here. Insiders sold a total of 5,003 shares of company stock worth $368,593 in the last ninety days. 0.99% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Thrivent Financial for Lutherans increased its position in Southwest Gas by 0.4% during the 1st quarter. Thrivent Financial for Lutherans now owns 163,190 shares of the utilities provider’s stock valued at $11,037,000 after purchasing an additional 693 shares during the period. First Mercantile Trust Co. increased its position in Southwest Gas by 51.9% during the 2nd quarter. First Mercantile Trust Co. now owns 2,050 shares of the utilities provider’s stock valued at $156,000 after purchasing an additional 700 shares during the period. Stifel Financial Corp increased its position in Southwest Gas by 15.4% during the 1st quarter. Stifel Financial Corp now owns 5,898 shares of the utilities provider’s stock valued at $403,000 after purchasing an additional 786 shares during the period. Massachusetts Financial Services Co. MA increased its position in Southwest Gas by 15.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,672 shares of the utilities provider’s stock valued at $509,000 after purchasing an additional 914 shares during the period. Finally, Arizona State Retirement System increased its position in Southwest Gas by 3.1% during the 2nd quarter. Arizona State Retirement System now owns 33,572 shares of the utilities provider’s stock valued at $2,561,000 after purchasing an additional 1,015 shares during the period. 82.60% of the stock is currently owned by institutional investors and hedge funds.

About Southwest Gas

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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Analyst Recommendations for Southwest Gas (NYSE:SWX)

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