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 Stock Up 0.1 %
Shares of Southwest Gas stock traded up $0.08 during trading on Thursday, hitting $79.47. 481,634 shares of the stock traded hands, compared to its average volume of 496,938. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.33. The stock's fifty day simple moving average is $84.38 and its 200 day simple moving average is $81.84. The firm has a market cap of $5.31 billion, a P/E ratio of 32.54, a price-to-earnings-growth ratio of 3.67 and a beta of 0.13. Southwest Gas has a 52-week low of $62.58 and a 52-week high of $95.62.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the company. Wells Fargo & Company lowered their price objective on Southwest Gas from $101.00 to $86.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 10th. Argus upgraded Southwest Gas from a "hold" rating to a "buy" rating and set a $100.00 price target for the company in a research report on Thursday, June 9th. Finally, StockNews.com upgraded shares of Southwest Gas from a "sell" rating to a "hold" rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $91.33.
Insiders Place Their Bets
In other news, SVP Eric Debonis sold 3,500 shares of the business's stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $92.02, for a total value of $322,070.00. Following the completion of the sale, the senior vice president now owns 9,264 shares in the company, valued at approximately $852,473.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CAO Lori L. Colvin sold 1,403 shares of the business's stock in a transaction on Friday, May 27th. The stock was sold at an average price of $93.38, for a total value 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Eric Debonis sold 3,500 shares of the firm's stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $92.02, for a total value of $322,070.00. Following the sale, the senior vice president now directly owns 9,264 shares in the company, valued at approximately $852,473.28. The disclosure for this sale can be found here. Insiders have sold a total of 8,578 shares of company stock worth $794,112 in the last three months. Corporate insiders own 0.79% of the company's stock.