Southwest Gas Holdings Inc (NYSE:SWX)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $92.45 and last traded at $92.44, with a volume of 878 shares trading hands. The stock had previously closed at $91.84.

Several analysts have commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Southwest Gas in a research report on Wednesday, July 17th. They set an “overweight” rating and a $93.00 target price for the company. ValuEngine cut shares of Southwest Gas from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. UBS Group set a $91.00 target price on shares of Southwest Gas and gave the company a “hold” rating in a report on Friday, July 19th. Wells Fargo & Co set a $93.00 target price on shares of Southwest Gas and gave the company a “hold” rating in a report on Tuesday, September 3rd. Finally, Zacks Investment Research cut shares of Southwest Gas from a “buy” rating to a “hold” rating in a report on Saturday, August 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $89.86.

The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.98. The firm has a market cap of $4.88 billion, a price-to-earnings ratio of 25.20, a price-to-earnings-growth ratio of 3.71 and a beta of 0.30. The company’s 50-day moving average is $89.40 and its 200-day moving average is $86.35.

Southwest Gas (NYSE:SWX) last released its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.02). Southwest Gas had a net margin of 6.61% and a return on equity of 8.86%. The business had revenue of $713.01 million for the quarter, compared to the consensus estimate of $289.70 million. During the same period in the previous year, the business posted $0.44 EPS. Southwest Gas’s revenue was up 6.3% on a year-over-year basis. Equities research analysts forecast that Southwest Gas Holdings Inc will post 3.92 EPS for the current year.

In related news, CEO John P. Hester sold 2,000 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $90.60, for a total transaction of $181,200.00. Following the transaction, the chief executive officer now directly owns 62,694 shares in the company, valued at $5,680,076.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Kenneth J. Kenny sold 500 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $90.26, for a total transaction of $45,130.00. Following the transaction, the vice president now owns 16,121 shares in the company, valued at $1,455,081.46. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in Southwest Gas by 8.4% in the 2nd quarter. BlackRock Inc. now owns 6,980,618 shares of the utilities provider’s stock worth $625,602,000 after buying an additional 543,242 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Southwest Gas by 1.2% during the second quarter. Vanguard Group Inc. now owns 5,633,397 shares of the utilities provider’s stock valued at $504,865,000 after acquiring an additional 67,062 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Southwest Gas by 6.1% during the second quarter. Price T Rowe Associates Inc. MD now owns 3,587,115 shares of the utilities provider’s stock valued at $321,477,000 after acquiring an additional 205,495 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Southwest Gas by 1.1% during the second quarter. Northern Trust Corp now owns 1,526,210 shares of the utilities provider’s stock valued at $136,779,000 after acquiring an additional 16,550 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Southwest Gas by 174.2% during the second quarter. Invesco Ltd. now owns 810,004 shares of the utilities provider’s stock valued at $72,592,000 after acquiring an additional 514,618 shares in the last quarter. Hedge funds and other institutional investors own 83.16% of the company’s stock.

About Southwest Gas (NYSE:SWX)

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.

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