Southwest Gas Holdings Inc (NYSE:SWX) – Equities research analysts at Jefferies Financial Group issued their Q1 2019 EPS estimates for Southwest Gas in a report released on Tuesday, October 16th. Jefferies Financial Group analyst C. Sighinolfi anticipates that the utilities provider will earn $1.74 per share for the quarter. Jefferies Financial Group also issued estimates for Southwest Gas’ Q2 2019 earnings at $0.38 EPS, Q3 2019 earnings at $0.08 EPS, Q4 2019 earnings at $1.57 EPS, FY2021 earnings at $4.03 EPS and FY2022 earnings at $4.09 EPS.
Southwest Gas (NYSE:SWX) last released its earnings results on Tuesday, August 7th. The utilities provider reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.11. The company had revenue of $670.88 million during the quarter, compared to analysts’ expectations of $611.60 million. Southwest Gas had a return on equity of 10.22% and a net margin of 7.51%.
Several other equities research analysts have also recently commented on SWX. Bank of America cut Southwest Gas from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $76.00 to $74.00 in a research note on Monday, July 30th. Citigroup lifted their target price on Southwest Gas from $73.00 to $80.00 and gave the company a “hold” rating in a research note on Wednesday, October 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Southwest Gas presently has a consensus rating of “Hold” and a consensus price target of $78.17.
NYSE SWX opened at $79.34 on Wednesday. The firm has a market capitalization of $3.88 billion, a PE ratio of 21.92, a PEG ratio of 5.32 and a beta of 0.43. Southwest Gas has a 52 week low of $62.53 and a 52 week high of $86.87. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.05.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Thursday, November 15th will be paid a $0.52 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $2.08 annualized dividend and a dividend yield of 2.62%. Southwest Gas’s dividend payout ratio (DPR) is currently 57.46%.
In other news, VP Kenneth J. Kenny sold 500 shares of the firm’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $82.67, for a total value of $41,335.00. Following the transaction, the vice president now directly owns 15,509 shares in the company, valued at approximately $1,282,129.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Eric Debonis sold 700 shares of the firm’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $79.18, for a total value of $55,426.00. Following the completion of the transaction, the senior vice president now owns 12,954 shares in the company, valued at $1,025,697.72. The disclosure for this sale can be found here. Insiders sold a total of 1,500 shares of company stock valued at $121,331 over the last three months. Insiders own 1.00% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Raymond James Trust N.A. bought a new position in shares of Southwest Gas in the 3rd quarter worth $222,000. First Hawaiian Bank bought a new position in shares of Southwest Gas in the 3rd quarter worth $302,000. Personal Capital Advisors Corp boosted its position in shares of Southwest Gas by 10.6% in the 3rd quarter. Personal Capital Advisors Corp now owns 49,023 shares of the utilities provider’s stock worth $3,874,000 after purchasing an additional 4,707 shares during the last quarter. Northern Trust Corp boosted its position in shares of Southwest Gas by 3.8% in the 2nd quarter. Northern Trust Corp now owns 1,457,907 shares of the utilities provider’s stock worth $111,194,000 after purchasing an additional 53,165 shares during the last quarter. Finally, Verition Fund Management LLC boosted its position in shares of Southwest Gas by 9.6% in the 2nd quarter. Verition Fund Management LLC now owns 7,295 shares of the utilities provider’s stock worth $556,000 after purchasing an additional 640 shares during the last quarter. Institutional investors and hedge funds own 83.26% of the company’s stock.
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.
Further Reading: Retained Earnings
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