Southwest Gas Holdings Inc (SWX) SVP Eric Debonis Sells 650 Shares

Southwest Gas Holdings Inc (NYSE:SWX) SVP Eric Debonis sold 650 shares of the stock in a transaction that occurred on Wednesday, June 13th. The shares were sold at an average price of $73.07, for a total value of $47,495.50. Following the sale, the senior vice president now owns 12,979 shares of the company’s stock, valued at approximately $948,375.53. The sale was disclosed in a filing with the SEC, which can be accessed 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 shares were sold at an average price of $72.87, for a total value of $43,722.00.

Shares of SWX stock traded up $1.15 during mid-day trading on Thursday, reaching $74.14. The stock had a trading volume of 184,541 shares, compared to its average volume of 240,782. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.06. Southwest Gas Holdings Inc has a one year low of $62.53 and a one year high of $86.87. The company has a market capitalization of $3.51 billion, a P/E ratio of 20.33 and a beta of 0.53.



Southwest Gas (NYSE:SWX) last announced its quarterly earnings data on Monday, May 7th. The utilities provider reported $1.63 EPS for the quarter, topping 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 company had revenue of $754.30 million during the quarter, compared to the consensus estimate of $524.56 million. During the same quarter last year, the company earned $1.45 EPS. The company’s quarterly revenue was up 15.2% on a year-over-year basis. sell-side analysts predict that Southwest Gas Holdings Inc will post 3.58 earnings per share for the current fiscal year.

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

Several analysts recently weighed in on SWX shares. Jefferies Financial Group restated a “hold” rating and set a $69.00 target price on shares of Southwest Gas in a research note on Wednesday, March 28th. UBS Group restated a “buy” rating and set a $89.00 target price (down previously from $93.00) on shares of Southwest Gas in a research note on Friday, March 2nd. ValuEngine upgraded Southwest Gas from a “sell” rating to a “hold” rating in a research note on Tuesday, May 29th. Williams Capital initiated coverage on Southwest Gas in a research report on Tuesday, April 10th. They issued a “hold” rating and a $73.00 price objective for the company. Finally, Zacks Investment Research downgraded Southwest Gas from a “buy” rating to a “hold” rating in a research report on Saturday, March 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. Southwest Gas presently has a consensus rating of “Hold” and an average price target of $77.00.

Several hedge funds have recently made changes to their positions in the business. Legal & General Group Plc lifted its position in shares of Southwest Gas by 17.5% during the 1st quarter. Legal & General Group Plc now owns 188,758 shares of the utilities provider’s stock worth $12,766,000 after buying an additional 28,114 shares during the period. Highbridge Capital Management LLC bought a new position in shares of Southwest Gas during the 1st quarter worth approximately $635,000. Millennium Management LLC lifted its position in shares of Southwest Gas by 130.6% during the 1st quarter. Millennium Management LLC now owns 671,315 shares of the utilities provider’s stock worth $45,401,000 after buying an additional 380,179 shares during the period. Verition Fund Management LLC bought a new position in shares of Southwest Gas during the 1st quarter worth approximately $450,000. Finally, Barclays PLC lifted its position in shares of Southwest Gas by 65.4% during the 1st quarter. Barclays PLC now owns 15,368 shares of the utilities provider’s stock worth $1,040,000 after buying an additional 6,075 shares during the period. Institutional investors own 81.11% of the company’s stock.

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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