Southwest Gas Holdings, Inc. (NYSE:SWX – Get Free Report) declared a quarterly dividend on Wednesday, November 15th, Zacks reports. Investors of record on Thursday, February 15th will be given a dividend of 0.62 per share by the utilities provider on Friday, March 1st. This represents a $2.48 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Wednesday, February 14th.
Southwest Gas has raised its dividend payment by an average of 13.8% annually over the last three years. Southwest Gas has a dividend payout ratio of 63.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Southwest Gas to earn $3.39 per share next year, which means the company should continue to be able to cover its $2.48 annual dividend with an expected future payout ratio of 73.2%.
Southwest Gas Trading Up 1.2 %
NYSE SWX opened at $59.12 on Monday. The stock has a market cap of $4.23 billion, a P/E ratio of -19.26, a PEG ratio of 3.49 and a beta of 0.31. The company’s fifty day simple moving average is $61.70 and its 200-day simple moving average is $61.39. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 1.62. Southwest Gas has a 52 week low of $53.79 and a 52 week high of $68.03.
Insider Buying and Selling at Southwest Gas
Hedge Funds Weigh In On Southwest Gas
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James & Associates lifted its holdings in Southwest Gas by 0.6% in the first quarter. Raymond James & Associates now owns 22,510 shares of the utilities provider’s stock worth $1,762,000 after purchasing an additional 145 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Southwest Gas by 7.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 6,088 shares of the utilities provider’s stock worth $477,000 after acquiring an additional 432 shares during the period. HighTower Advisors LLC increased its stake in shares of Southwest Gas by 22.1% during the first quarter. HighTower Advisors LLC now owns 17,171 shares of the utilities provider’s stock valued at $1,345,000 after acquiring an additional 3,109 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Southwest Gas by 20.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,146 shares of the utilities provider’s stock worth $1,890,000 after purchasing an additional 4,126 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in Southwest Gas by 23.3% in the first quarter. Great West Life Assurance Co. Can now owns 76,924 shares of the utilities provider’s stock worth $6,296,000 after purchasing an additional 14,531 shares during the period. 90.98% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of Southwest Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. One analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $73.00.
Southwest Gas Company Profile
Southwest Gas Holdings, Inc, through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and California. It operates through Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage segments. The company also provides trenching, installation, and replacement of underground pipes, as well as maintenance services for energy distribution systems.
- Five stocks we like better than Southwest Gas
- How to Invest in EV Charging Stations
- Uber quadruples EPS estimates, but is growth decelerating?
- What is the Shanghai Stock Exchange Composite Index?
- 3 stocks set to benefit from record Valentine’s Day spending
- Manufacturing Stocks Investing
- Tradeweb is a disruptive pure play on financial market liquidity
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.