Southwest Gas (NYSE:SWX) Sees Strong Trading Volume

Southwest Gas Holdings, Inc. (NYSE:SWXGet Rating) saw an uptick in trading volume on Tuesday . 15,109 shares were traded during trading, a decline of 97% from the previous session’s volume of 454,377 shares.The stock last traded at $88.49 and had previously closed at $88.22.

Several research firms recently weighed in on SWX. TheStreet upgraded Southwest Gas from a “c+” rating to a “b-” rating in a research report on Monday, April 4th. Bank of America upgraded Southwest Gas from a “neutral” rating to a “buy” rating and increased their target price for the stock from $81.00 to $88.00 in a research report on Wednesday, March 30th. StockNews.com upgraded Southwest Gas from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Zacks Investment Research downgraded Southwest Gas from a “hold” rating to a “sell” rating in a research report on Tuesday, December 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $79.33.

The firm has a fifty day moving average price of $74.53. The stock has a market cap of $5.41 billion, a P/E ratio of 25.80, a PEG ratio of 3.70 and a beta of 0.22. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.52 and a quick ratio of 0.52.

Southwest Gas (NYSE:SWXGet Rating) last released its quarterly earnings data on Tuesday, March 1st. The utilities provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.05. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.05 billion. Southwest Gas had a return on equity of 8.48% and a net margin of 5.46%. During the same period last year, the business posted $1.82 EPS. Equities research analysts anticipate that Southwest Gas Holdings, Inc. will post 4.52 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Monday, May 16th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.78%. This is an increase from Southwest Gas’s previous quarterly dividend of $0.60. The ex-dividend date is Friday, May 13th. Southwest Gas’s dividend payout ratio (DPR) is 69.59%.

Several hedge funds have recently bought and sold shares of the company. O Shares Investment Advisers LLC grew its stake in shares of Southwest Gas by 3.9% in the third quarter. O Shares Investment Advisers LLC now owns 4,243 shares of the utilities provider’s stock valued at $284,000 after buying an additional 160 shares in the last quarter. JJJ Advisors Inc. grew its stake in shares of Southwest Gas by 41.9% in the fourth quarter. JJJ Advisors Inc. now owns 572 shares of the utilities provider’s stock valued at $40,000 after buying an additional 169 shares in the last quarter. US Bancorp DE grew its stake in Southwest Gas by 1.5% during the 3rd quarter. US Bancorp DE now owns 12,353 shares of the utilities provider’s stock valued at $826,000 after purchasing an additional 177 shares in the last quarter. Securian Asset Management Inc. grew its stake in Southwest Gas by 3.4% during the 4th quarter. Securian Asset Management Inc. now owns 5,408 shares of the utilities provider’s stock valued at $379,000 after purchasing an additional 178 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its stake in Southwest Gas by 40.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 665 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 190 shares in the last quarter. Institutional investors and hedge funds own 84.31% of the company’s stock.

About Southwest Gas (NYSE:SWX)

Southwest Gas Holdings, Inc engages in the energy business. It operates through the following segments: Natural Gas Operations and Utility Infrastructure Services. The Natural Gas Operations segment focuses in purchasing, distribution, and transportation of natural gas in Arizona, California, and Nevada.

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