Southwest Gas Holdings Inc (NYSE:SWX) SVP Eric Debonis sold 350 shares of Southwest Gas stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $83.19, for a total transaction of $29,116.50. Following the completion of the transaction, the senior vice president now owns 10,800 shares in the company, valued at approximately $898,452. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Eric Debonis also recently made the following trade(s):
- On Friday, March 15th, Eric Debonis purchased 2,000 shares of Southwest Gas stock. The stock was acquired at an average price of $82.67 per share, for a total transaction of $165,340.00.
- On Monday, March 4th, Eric Debonis sold 1,400 shares of Southwest Gas stock. The stock was sold at an average price of $83.68, for a total transaction of $117,152.00.
NYSE SWX traded up $0.50 on Wednesday, hitting $84.09. 2,456 shares of the stock were exchanged, compared to its average volume of 219,342. Southwest Gas Holdings Inc has a 52-week low of $70.34 and a 52-week high of $85.97. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 3.50 and a beta of 0.37.
Southwest Gas (NYSE:SWX) last posted its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.19. Southwest Gas had a net margin of 6.69% and a return on equity of 9.34%. The firm had revenue of $807.10 million for the quarter, compared to analysts’ expectations of $516.97 million. During the same period in the previous year, the company posted $1.63 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, research analysts forecast that Southwest Gas Holdings Inc will post 3.89 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be given a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 2.59%. The ex-dividend date is Wednesday, August 14th. Southwest Gas’s payout ratio is 56.52%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jefferies Group LLC grew its position in Southwest Gas by 20.8% during the 1st quarter. Jefferies Group LLC now owns 10,000 shares of the utilities provider’s stock worth $823,000 after purchasing an additional 1,720 shares in the last quarter. Geode Capital Management LLC grew its position in Southwest Gas by 3.8% during the 1st quarter. Geode Capital Management LLC now owns 614,065 shares of the utilities provider’s stock worth $50,512,000 after purchasing an additional 22,268 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Southwest Gas by 16.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 476,776 shares of the utilities provider’s stock worth $39,220,000 after purchasing an additional 67,167 shares in the last quarter. Blueshift Asset Management LLC purchased a new position in Southwest Gas during the 1st quarter worth approximately $493,000. Finally, Cbre Clarion Securities LLC grew its position in Southwest Gas by 59.0% during the 1st quarter. Cbre Clarion Securities LLC now owns 19,658 shares of the utilities provider’s stock worth $1,617,000 after purchasing an additional 7,291 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Several research firms have issued reports on SWX. Zacks Investment Research lowered shares of Southwest Gas from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. ValuEngine upgraded shares of Southwest Gas from a “hold” rating to a “buy” rating in a research report on Tuesday, February 19th. Finally, Williams Capital restated a “hold” rating on shares of Southwest Gas in a research report on Monday, March 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $83.83.
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 two segments, Natural Gas Operations and Utility Infrastructure Services. As of December 31, 2018, it had 2,047,000 residential, commercial, industrial, and other natural gas customers.
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