Shares of Southwest Gas Holdings Inc (NYSE:SWX) have received a consensus recommendation of “Hold” from the seven analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $81.25.
A number of brokerages have issued reports on SWX. Zacks Investment Research cut Southwest Gas from a “buy” rating to a “hold” rating in a report on Friday, January 26th. UBS Group raised Southwest Gas from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Tuesday, December 19th. Citigroup lifted their price objective on Southwest Gas from $79.00 to $82.00 and gave the company a “neutral” rating in a report on Monday, November 20th. Finally, KeyCorp reissued a “hold” rating on shares of Southwest Gas in a report on Friday, October 20th.
Shares of Southwest Gas (SWX) traded down $0.55 during midday trading on Wednesday, hitting $67.28. The company’s stock had a trading volume of 34,843 shares, compared to its average volume of 189,610. The company has a market capitalization of $3,331.68, a PE ratio of 19.99 and a beta of 0.47. Southwest Gas has a 12 month low of $66.61 and a 12 month high of $86.87. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.82 and a current ratio of 0.82.
Several large investors have recently made changes to their positions in SWX. Bank of New York Mellon Corp increased its stake in shares of Southwest Gas by 68.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,123,671 shares of the utilities provider’s stock valued at $90,433,000 after buying an additional 454,848 shares in the last quarter. Macquarie Group Ltd. increased its stake in shares of Southwest Gas by 17.7% in the third quarter. Macquarie Group Ltd. now owns 1,593,803 shares of the utilities provider’s stock valued at $123,711,000 after buying an additional 239,993 shares in the last quarter. Chartwell Investment Partners LLC acquired a new stake in shares of Southwest Gas in the fourth quarter valued at $16,169,000. Victory Capital Management Inc. increased its stake in shares of Southwest Gas by 44.3% in the third quarter. Victory Capital Management Inc. now owns 492,353 shares of the utilities provider’s stock valued at $38,216,000 after buying an additional 151,106 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in shares of Southwest Gas by 171.8% in the third quarter. Bessemer Group Inc. now owns 96,994 shares of the utilities provider’s stock valued at $7,529,000 after buying an additional 61,313 shares in the last quarter. Institutional investors own 77.31% of the company’s stock.
About Southwest Gas
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).
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