Southwest Gas Corporation (NYSE:SWX) announced a quarterly dividend on Tuesday, September 26th, RTT News reports. Shareholders of record on Wednesday, November 15th will be given a dividend of 0.495 per share by the utilities provider on Friday, December 1st. This represents a $1.98 annualized dividend and a yield of 2.47%. The ex-dividend date is Tuesday, November 14th.
Southwest Gas Corporation has increased its dividend payment by an average of 10.9% annually over the last three years and has raised its dividend every year for the last 5 years. Southwest Gas Corporation has a payout ratio of 57.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Southwest Gas Corporation to earn $3.59 per share next year, which means the company should continue to be able to cover its $1.98 annual dividend with an expected future payout ratio of 55.2%.
Southwest Gas Corporation (NYSE:SWX) opened at $80.08 on Monday. The firm has a market cap of $3,822.37, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 3.63 and a beta of 0.61. Southwest Gas Corporation has a 1-year low of $70.68 and a 1-year high of $86.65. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.01.
Southwest Gas Corporation (NYSE:SWX) last announced its quarterly earnings results on Tuesday, November 7th. The utilities provider reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.07. The company had revenue of $593.15 million for the quarter, compared to analyst estimates of $579.40 million. Southwest Gas Corporation had a net margin of 6.64% and a return on equity of 9.56%. Southwest Gas Corporation’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the business earned $0.05 EPS. equities research analysts expect that Southwest Gas Corporation will post 3.42 earnings per share for the current year.
Several equities analysts recently weighed in on SWX shares. BidaskClub upgraded shares of Southwest Gas Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. KeyCorp restated a “hold” rating on shares of Southwest Gas Corporation in a report on Friday, September 1st. Jefferies Group LLC restated a “hold” rating and set a $70.00 target price on shares of Southwest Gas Corporation in a report on Thursday, August 31st. Zacks Investment Research upgraded shares of Southwest Gas Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, UBS AG boosted their price objective on shares of Southwest Gas Corporation from $83.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Southwest Gas Corporation has an average rating of “Hold” and a consensus target price of $81.00.
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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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