Shares of Southwest Gas Holdings Inc (NYSE:SWX) have been assigned an average rating of “Hold” from the seven ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $81.00.

A number of research firms recently weighed in on SWX. UBS Group set a $93.00 price target on Southwest Gas and gave the stock a “buy” rating in a report on Friday, December 14th. ValuEngine raised Southwest Gas from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Zacks Investment Research cut Southwest Gas from a “buy” rating to a “hold” rating in a report on Saturday, December 22nd. Citigroup increased their target price on Southwest Gas from $73.00 to $80.00 and gave the company a “hold” rating in a report on Wednesday, October 3rd. Finally, Bank of America set a $76.00 target price on Southwest Gas and gave the company a “sell” rating in a report on Wednesday, October 3rd.

Several institutional investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd acquired a new stake in shares of Southwest Gas in the third quarter valued at approximately $110,000. NumerixS Investment Technologies Inc acquired a new stake in shares of Southwest Gas in the second quarter valued at approximately $115,000. First Republic Investment Management Inc. acquired a new stake in shares of Southwest Gas in the second quarter valued at approximately $206,000. Raymond James Trust N.A. acquired a new stake in shares of Southwest Gas in the third quarter valued at approximately $222,000. Finally, GAM Holding AG acquired a new stake in shares of Southwest Gas in the third quarter valued at approximately $241,000. 82.51% of the stock is owned by institutional investors and hedge funds.

Shares of SWX traded down $0.45 during mid-day trading on Friday, reaching $77.28. The company had a trading volume of 10,396 shares, compared to its average volume of 285,545. Southwest Gas has a 52-week low of $62.53 and a 52-week high of $85.97. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 4.71 and a beta of 0.39.

Southwest Gas (NYSE:SWX) last issued its earnings results on Tuesday, November 6th. The utilities provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.11. The firm had revenue of $668.10 million for the quarter, compared to the consensus estimate of $224.00 million. Southwest Gas had a return on equity of 10.01% and a net margin of 7.39%. The company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 earnings per share. As a group, equities analysts anticipate that Southwest Gas will post 3.79 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 15th will be issued a dividend of $0.52 per share. The ex-dividend date is Thursday, February 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.69%. Southwest Gas’s payout ratio is currently 57.46%.

About Southwest Gas

Southwest Gas Holdings, Inc, through its subsidiaries, purchases, distributes, and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Operations and Construction Services segments. As of December 31, 2017, it had 2,015,000 residential, commercial, industrial, and other natural gas customers.

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Analyst Recommendations for Southwest Gas (NYSE:SWX)

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