Southwest Gas Holdings Inc (SWX) SVP Sells $47,495.50 in Stock

Southwest Gas Holdings Inc (NYSE:SWX) SVP Eric Debonis sold 650 shares of the firm’s stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $73.07, for a total value of $47,495.50. Following the transaction, the senior vice president now owns 12,979 shares of the company’s stock, valued at approximately $948,375.53. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Eric Debonis also recently made the following trade(s):

  • On Thursday, May 10th, Eric Debonis sold 600 shares of Southwest Gas stock. The stock was sold at an average price of $72.87, for a total value of $43,722.00.

SWX stock traded up $1.15 during midday trading on Thursday, reaching $74.14. 184,541 shares of the company’s stock traded hands, compared to its average volume of 240,782. Southwest Gas Holdings Inc has a 1-year low of $62.53 and a 1-year high of $86.87. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 20.33 and a beta of 0.53. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.10 and a quick ratio of 1.10.

Southwest Gas (NYSE:SWX) last released its quarterly earnings results on Monday, May 7th. The utilities provider reported $1.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.60 by $0.03. Southwest Gas had a return on equity of 10.32% and a net margin of 7.69%. The firm had revenue of $754.30 million during the quarter, compared to analysts’ expectations of $524.56 million. During the same period last year, the firm posted $1.45 EPS. The business’s revenue was up 15.2% on a year-over-year basis. equities analysts expect that Southwest Gas Holdings Inc will post 3.58 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 4th. Stockholders of record on Wednesday, August 15th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Tuesday, August 14th. This represents a $2.08 annualized dividend and a dividend yield of 2.81%. Southwest Gas’s dividend payout ratio (DPR) is currently 57.46%.

A number of equities research analysts recently weighed in on the company. Bank of America raised their price target on Southwest Gas from $73.00 to $76.00 and gave the company a “neutral” rating in a report on Tuesday, June 5th. Zacks Investment Research raised Southwest Gas from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a report on Wednesday, May 30th. ValuEngine raised Southwest Gas from a “sell” rating to a “hold” rating in a report on Tuesday, May 29th. Williams Capital assumed coverage on Southwest Gas in a report on Tuesday, April 10th. They set a “hold” rating and a $73.00 price target for the company. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $69.00 price target on shares of Southwest Gas in a report on Wednesday, March 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. Southwest Gas presently has an average rating of “Hold” and a consensus target price of $77.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc increased its stake in shares of Southwest Gas by 17.5% in the 1st quarter. Legal & General Group Plc now owns 188,758 shares of the utilities provider’s stock valued at $12,766,000 after buying an additional 28,114 shares during the period. Highbridge Capital Management LLC acquired a new stake in shares of Southwest Gas in the 1st quarter valued at $635,000. Millennium Management LLC increased its stake in shares of Southwest Gas by 130.6% in the 1st quarter. Millennium Management LLC now owns 671,315 shares of the utilities provider’s stock valued at $45,401,000 after buying an additional 380,179 shares during the period. Verition Fund Management LLC acquired a new stake in shares of Southwest Gas in the 1st quarter valued at $450,000. Finally, Barclays PLC increased its stake in shares of Southwest Gas by 65.4% in the 1st quarter. Barclays PLC now owns 15,368 shares of the utilities provider’s stock valued at $1,040,000 after buying an additional 6,075 shares during the period. 81.11% of the stock is owned by institutional investors.

Southwest Gas Company Profile

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.

Insider Buying and Selling by Quarter for Southwest Gas (NYSE:SWX)

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