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. As of December 31, 2021, it had 2,159,000 residential, commercial, industrial, and other natural gas customers. Southwest Gas Holdings, Inc. was incorporated in 1931 and is headquartered in Las Vegas, Nevada.
Southwest Gas Price Performance
Shares of NYSE:SWX traded up $1.35 during trading on Tuesday, reaching $80.01. The company had a trading volume of 372,189 shares, compared to its average volume of 495,985. The firm's fifty day moving average is $84.64 and its 200 day moving average is $81.86. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a market capitalization of $5.35 billion, a PE ratio of 32.79, a price-to-earnings-growth ratio of 3.49 and a beta of 0.13. Southwest Gas has a twelve month low of $62.58 and a twelve month high of $95.62.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on SWX shares. StockNews.com lowered shares of Southwest Gas from a "hold" rating to a "sell" rating in a research report on Wednesday, August 10th. Argus raised Southwest Gas from a "hold" rating to a "buy" rating and set a $100.00 price target on the stock in a report on Thursday, June 9th. Finally, Wells Fargo & Company decreased their price objective on Southwest Gas from $101.00 to $86.00 and set an "equal weight" rating for the company in a report on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $91.33.
Insider Buying and Selling
In other Southwest Gas news, CAO Lori L. Colvin sold 1,403 shares of the stock in a transaction on Friday, May 27th. The stock was sold at an average price of $93.38, for a total transaction of $131,012.14. Following the completion of the transaction, the chief accounting officer now directly owns 3,863 shares of the company's stock, valued at approximately $360,726.94. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CAO Lori L. Colvin sold 1,403 shares of the stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $93.38, for a total transaction of $131,012.14. Following the completion of the sale, the chief accounting officer now directly owns 3,863 shares of the company's stock, valued at $360,726.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Eric Debonis sold 3,500 shares of the firm's stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $92.02, for a total transaction of $322,070.00. Following the sale, the senior vice president now owns 9,264 shares of the company's stock, valued at $852,473.28. The disclosure for this sale can be found here. Insiders have sold a total of 8,578 shares of company stock valued at $794,112 over the last quarter. Corporate insiders own 0.79% of the company's stock.