Southwest Gas Holdings Inc (NYSE:SWX) Insider Buys $22,487.50 in Stock

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.



Several research firms have commented on SWX. ValuEngine lowered Southwest Gas from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Williams Capital raised Southwest Gas from a “hold” rating to a “buy” rating and lifted their price target for the stock from $81.00 to $96.00 in a research report on Tuesday, June 18th. Zacks Investment Research raised Southwest Gas from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Wednesday, July 17th. JPMorgan Chase & Co. began coverage on Southwest Gas in a research report on Wednesday, July 17th. They set an “overweight” rating and a $93.00 price target on the stock. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of Southwest Gas in a research report on Monday, June 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $89.00.

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.

Further Reading: What is a conference call?

Insider Buying and Selling by Quarter for Southwest Gas (NYSE:SWX)

Receive News & Ratings for Southwest Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Gas and related companies with MarketBeat.com's FREE daily email newsletter.