Southwest Gas Corporation (NYSE:SWX) declared a quarterly dividend on Monday, November 13th, RTT News reports. Investors of record on Thursday, February 15th will be given a dividend of 0.495 per share by the utilities provider on Thursday, March 1st. This represents a $1.98 dividend on an annualized basis and a yield of 2.47%.
Southwest Gas Corporation has increased its dividend payment by an average of 10.9% per year over the last three years and has increased its dividend every year for the last 5 years. Southwest Gas Corporation has a dividend payout ratio of 57.9% meaning its dividend is sufficiently covered by earnings. 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 (SWX) traded down $1.72 during trading on Monday, reaching $80.08. The company’s stock had a trading volume of 256,000 shares, compared to its average volume of 195,623. Southwest Gas Corporation has a 52 week low of $70.68 and a 52 week 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. The firm has a market cap of $3,822.37, a PE ratio of 23.55, a price-to-earnings-growth ratio of 3.63 and a beta of 0.61.
Southwest Gas Corporation (NYSE:SWX) last posted its quarterly earnings data on Tuesday, November 7th. The utilities provider reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.07. Southwest Gas Corporation had a return on equity of 9.56% and a net margin of 6.64%. The company had revenue of $593.15 million during the quarter, compared to analysts’ expectations of $579.40 million. During the same period last year, the firm earned $0.05 EPS. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. equities analysts predict that Southwest Gas Corporation will post 3.42 EPS for the current year.
Several research firms have recently commented on SWX. BidaskClub cut Southwest Gas Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 23rd. Zacks Investment Research raised Southwest Gas Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. UBS AG lifted their price objective on Southwest Gas Corporation from $83.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, November 8th. KeyCorp reaffirmed a “hold” rating on shares of Southwest Gas Corporation in a report on Friday, October 20th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $70.00 price objective on shares of Southwest Gas Corporation in a report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The stock presently has an average rating of “Hold” and an average price target of $81.00.
Southwest Gas Corporation Company Profile
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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