Shares of Southwest Gas Holdings Inc (NYSE:SWX) have been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $81.25.

SWX has been the subject of a number of research reports. KeyCorp reiterated a “hold” rating on shares of Southwest Gas in a research report on Friday, October 20th. UBS Group lifted their price objective on Southwest Gas from $83.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 8th. Citigroup raised their target price on Southwest Gas from $79.00 to $82.00 and gave the stock a “neutral” rating in a report on Monday, November 20th. Finally, Zacks Investment Research upgraded Southwest Gas from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a report on Friday, January 5th.

In other Southwest Gas news, VP Gregory J. Peterson sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $85.72, for a total transaction of $85,720.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.99% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. First Republic Investment Management Inc. bought a new position in Southwest Gas during the fourth quarter worth about $203,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Southwest Gas by 37.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,621 shares of the utilities provider’s stock worth $211,000 after buying an additional 718 shares during the last quarter. Ashfield Capital Partners LLC bought a new position in Southwest Gas during the third quarter worth about $212,000. Shelton Capital Management bought a new position in Southwest Gas during the second quarter worth about $235,000. Finally, CIBC Asset Management Inc bought a new position in Southwest Gas during the third quarter worth about $238,000. Hedge funds and other institutional investors own 77.31% of the company’s stock.

Shares of Southwest Gas (SWX) traded down $0.55 during mid-day trading on Wednesday, reaching $67.28. The company had a trading volume of 34,843 shares, compared to its average volume of 189,610. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $3,331.68, a price-to-earnings ratio of 19.99 and a beta of 0.47. Southwest Gas has a 1 year low of $66.61 and a 1 year high of $86.87.

TRADEMARK VIOLATION NOTICE: This news story was published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://theolympiareport.com/2018/02/14/southwest-gas-holdings-inc-swx-given-consensus-rating-of-hold-by-brokerages.html.

Southwest Gas Company Profile

Southwest Gas Holdings, Inc, formerly Southwest Gas Corporation, is engaged in the business of purchasing, distributing and transporting natural gas. The Company operates through two segments: natural gas operations and construction services, which includes the operations of the Company’s subsidiary, Centuri Construction Group, Inc (Centuri).

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.