Southwest Gas Holdings Inc (NYSE:SWX) insider Paul M. Daily purchased 250 shares of the business’s stock in a transaction on Friday, August 9th. The shares were purchased at an average cost of $89.95 per share, for a total transaction of $22,487.50. Following the transaction, the insider now owns 327 shares of the company’s stock, valued at $29,413.65. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of NYSE:SWX traded down $0.79 during trading on Monday, reaching $88.26. The company had a trading volume of 156,019 shares, compared to its average volume of 198,405. The firm’s fifty day moving average price is $89.86. Southwest Gas Holdings Inc has a fifty-two week low of $72.68 and a fifty-two week high of $91.93. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 23.98, a price-to-earnings-growth ratio of 3.74 and a beta of 0.33. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.85.
Southwest Gas (NYSE:SWX) last announced its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.02). Southwest Gas had a return on equity of 8.86% and a net margin of 6.61%. The business had revenue of $713.01 million for the quarter, compared to analyst estimates of $289.70 million. During the same period in the prior year, the company earned $0.44 EPS. The company’s revenue was up 6.3% on a year-over-year basis. On average, equities research analysts expect that Southwest Gas Holdings Inc will post 3.92 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the stock. Quadrant Capital Group LLC boosted its position in Southwest Gas by 189.9% during the first quarter. Quadrant Capital Group LLC now owns 400 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 262 shares in the last quarter. TCI Wealth Advisors Inc. boosted its position in Southwest Gas by 39.4% during the second quarter. TCI Wealth Advisors Inc. now owns 407 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 115 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in Southwest Gas during the first quarter worth $41,000. NEXT Financial Group Inc purchased a new stake in Southwest Gas during the second quarter worth $47,000. Finally, Hanson McClain Inc. boosted its position in Southwest Gas by 173.5% during the first quarter. Hanson McClain Inc. now owns 547 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 347 shares in the last quarter. 83.32% of the stock is currently owned by hedge funds and other 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 two segments, Natural Gas Operations and Utility Infrastructure Services. As of December 31, 2018, it had 2,047,000 residential, commercial, industrial, and other natural gas customers.
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