Latest Stocks: FY2019 Earnings Estimate for Southwest Gas Holdings Inc (SWX) Issued By Gabelli

Latest Stocks: FY2019 Earnings Estimate for Southwest Gas Holdings Inc (SWX) Issued By Gabelli

Several other brokerages have also recently issued reports on SWX. Zacks Investment Research upgraded Southwest Gas Holdings from a “sell” rating to a “hold” rating in a research note on Saturday, April 22nd. Bank of America Corp cut Southwest Gas Holdings from a “buy” rating to a “neutral” rating and set a $88.00 price objective on the stock. in a research note on Monday, March 6th. They noted that the move was a valuation call. Finally, Jefferies Group LLC reiterated a “sell” rating and issued a $68.00 price objective on shares of Southwest Gas Holdings in a research note on Friday, March 31st. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $80.75.

Southwest Gas Holdings Inc (NYSE:SWX) – Stock analysts at Gabelli issued their FY2019 EPS estimates for shares of Southwest Gas Holdings in a report issued on Thursday. Gabelli analyst T. Winter forecasts that the utilities provider will earn $3.75 per share for the year.

Several other brokerages have also recently issued reports on SWX. Zacks Investment Research upgraded Southwest Gas Holdings from a “sell” rating to a “hold” rating in a research note on Saturday, April 22nd. Bank of America Corp cut Southwest Gas Holdings from a “buy” rating to a “neutral” rating and set a $88.00 price objective on the stock. in a research note on Monday, March 6th. They noted that the move was a valuation call. Finally, Jefferies Group LLC reiterated a “sell” rating and issued a $68.00 price objective on shares of Southwest Gas Holdings in a research note on Friday, March 31st. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $80.75. Shares of Southwest Gas Holdings (NYSE:SWX) traded down 0.60% on Monday, hitting $77.59. The stock had a trading volume of 150,235 shares. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 24.40 and a beta of 0.51. The stock has a 50 day moving average of $83.17 and a 200 day moving average of $79.58. Southwest Gas Holdings has a 12-month low of $64.26 and a 12-month high of $86.65.

Southwest Gas Holdings (NYSE:SWX) last announced its quarterly earnings results on Monday, May 8th. The utilities provider reported $1.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.63 by $0.18. Southwest Gas Holdings had a net margin of 6.11% and a return on equity of 9.26%. The company had revenue of $654.74 million during the quarter, compared to analysts’ expectations of $741.80 million. During the same quarter in the prior year, the business posted $1.58 earnings per share. The company’s revenue was down 10.5% compared to the same quarter last year. The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be paid a $0.495 dividend. This represents a $1.98 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Friday, August 11th. Southwest Gas Holdings’s payout ratio is currently 56.25%.

In other news, SVP Eric Debonis sold 350 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $80.02, for a total value of $28,007.00. Following the sale, the senior vice president now directly owns 20,057 shares in the company, valued at $1,604,961.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.34% of the stock is currently owned by company insiders. Several hedge funds have recently made changes to their positions in SWX. BlackRock Inc. boosted its stake in shares of Southwest Gas Holdings by 5,500.3% in the first quarter. BlackRock Inc. now owns 5,796,013 shares of the utilities provider’s stock valued at $480,546,000 after buying an additional 5,692,518 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Southwest Gas Holdings by 19.0% in the first quarter. Vanguard Group Inc. now owns 5,332,229 shares of the utilities provider’s stock valued at $442,095,000 after buying an additional 849,583 shares during the last quarter. State Street Corp boosted its stake in shares of Southwest Gas Holdings by 0.6% in the first quarter. State Street Corp now owns 1,597,272 shares of the utilities provider’s stock valued at $132,435,000 after buying an additional 9,239 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Southwest Gas Holdings by 1.6% in the first quarter. Ameriprise Financial Inc. now owns 731,818 shares of the utilities provider’s stock valued at $60,677,000 after buying an additional 11,797 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Southwest Gas Holdings by 34.0% in the first quarter. AQR Capital Management LLC now owns 725,020 shares of the utilities provider’s stock valued at $60,111,000 after buying an additional 184,040 shares during the last quarter. Institutional investors and hedge funds own 76.58% of the company’s stock.

About Southwest Gas Holdings 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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