Southwest Gas Holdings, Inc. (NYSE:SWX - Free Report) - Zacks Research reduced their Q1 2024 earnings per share (EPS) estimates for shares of Southwest Gas in a research note issued on Wednesday, March 20th. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings of $1.74 per share for the quarter, down from their previous estimate of $1.81. The consensus estimate for Southwest Gas' current full-year earnings is $3.25 per share. Zacks Research also issued estimates for Southwest Gas' Q1 2025 earnings at $1.94 EPS and Q3 2025 earnings at $0.13 EPS.
Other analysts have also recently issued reports about the company. Citigroup increased their target price on Southwest Gas from $64.00 to $73.00 and gave the stock a "neutral" rating in a research note on Thursday, February 29th. StockNews.com raised Southwest Gas from a "sell" rating to a "hold" rating in a research note on Wednesday, December 27th.
View Our Latest Analysis on SWX
Southwest Gas Trading Down 0.2 %
Shares of SWX stock traded down $0.12 on Friday, reaching $71.71. The company had a trading volume of 271,072 shares, compared to its average volume of 471,233. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.39. The stock has a market cap of $5.14 billion, a PE ratio of 33.83, a PEG ratio of 4.42 and a beta of 0.35. The company has a 50-day moving average of $64.16 and a 200-day moving average of $62.02. Southwest Gas has a 12 month low of $53.79 and a 12 month high of $74.50.
Southwest Gas (NYSE:SWX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.16. The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.27 billion. Southwest Gas had a return on equity of 7.28% and a net margin of 2.78%.
Southwest Gas Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Tuesday, May 14th. Southwest Gas's dividend payout ratio (DPR) is presently 116.98%.
Insider Activity at Southwest Gas
In related news, CEO Paul M. Daily sold 1,000 shares of the stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $63.80, for a total value of $63,800.00. Following the sale, the chief executive officer now owns 58,377 shares in the company, valued at approximately $3,724,452.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.32% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the company. Raymond James & Associates increased its position in shares of Southwest Gas by 0.6% in the first quarter. Raymond James & Associates now owns 22,510 shares of the utilities provider's stock worth $1,762,000 after purchasing an additional 145 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of Southwest Gas by 7.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 6,088 shares of the utilities provider's stock worth $477,000 after purchasing an additional 432 shares during the period. HighTower Advisors LLC increased its position in shares of Southwest Gas by 22.1% in the first quarter. HighTower Advisors LLC now owns 17,171 shares of the utilities provider's stock worth $1,345,000 after purchasing an additional 3,109 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Southwest Gas by 20.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,146 shares of the utilities provider's stock worth $1,890,000 after purchasing an additional 4,126 shares during the period. Finally, Great West Life Assurance Co. Can increased its position in shares of Southwest Gas by 23.3% in the first quarter. Great West Life Assurance Co. Can now owns 76,924 shares of the utilities provider's stock worth $6,296,000 after purchasing an additional 14,531 shares during the period. Institutional investors own 90.98% of the company's stock.
About Southwest Gas
(
Get Free Report)
Southwest Gas Holdings, Inc, through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage segments. It also provides trenching, installation, and replacement of underground pipes, as well as maintenance services for energy distribution systems.
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