Insider Selling: Southwest Gas Holdings Inc (NYSE:SWX) Insider Sells 2,000 Shares of Stock

Southwest Gas Holdings Inc (NYSE:SWX) insider John P. Hester sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $87.20, for a total transaction of $174,400.00. Following the sale, the insider now owns 64,694 shares in the company, valued at approximately $5,641,316.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

NYSE SWX traded down $0.21 on Monday, hitting $89.41. 185,800 shares of the stock were exchanged, compared to its average volume of 267,119. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of 24.22, a P/E/G ratio of 3.70 and a beta of 0.35. Southwest Gas Holdings Inc has a 52-week low of $72.68 and a 52-week high of $91.70. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.90. The business has a fifty day moving average price of $86.78.

Southwest Gas (NYSE:SWX) last issued its earnings results on Tuesday, May 7th. The utilities provider reported $1.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.19. Southwest Gas had a net margin of 6.69% and a return on equity of 9.34%. The firm had revenue of $807.10 million during the quarter, compared to analyst estimates of $516.97 million. During the same period in the previous year, the firm earned $1.63 earnings per share. The business’s revenue was up 7.0% on a year-over-year basis. On average, research analysts forecast that Southwest Gas Holdings Inc will post 3.92 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Wednesday, August 14th. Southwest Gas’s dividend payout ratio (DPR) is presently 59.24%.

Several research firms have recently issued reports on SWX. Zacks Investment Research upgraded shares of Southwest Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. Wells Fargo & Co restated a “hold” rating on shares of Southwest Gas in a research report on Monday, June 10th. UBS Group cut shares of Southwest Gas from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $88.00 to $89.00 in a research report on Friday, March 29th. Finally, ValuEngine cut shares of Southwest Gas from a “buy” rating to a “hold” rating in a research report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $87.33.

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc boosted its stake in shares of Southwest Gas by 1.5% in the 3rd quarter. Vanguard Group Inc now owns 4,846,087 shares of the utilities provider’s stock valued at $382,987,000 after purchasing an additional 71,500 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Southwest Gas by 9.0% in the 4th quarter. Arizona State Retirement System now owns 38,039 shares of the utilities provider’s stock valued at $2,910,000 after purchasing an additional 3,151 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of Southwest Gas by 2.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 5,016 shares of the utilities provider’s stock valued at $384,000 after purchasing an additional 140 shares in the last quarter. Rhumbline Advisers boosted its position in Southwest Gas by 67.9% during the 4th quarter. Rhumbline Advisers now owns 157,538 shares of the utilities provider’s stock valued at $12,052,000 after buying an additional 63,737 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its position in Southwest Gas by 5.0% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 23,379 shares of the utilities provider’s stock valued at $1,788,000 after buying an additional 1,120 shares during the period. 82.80% of the stock is owned by institutional investors.

Southwest Gas Company Profile

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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Insider Buying and Selling by Quarter for Southwest Gas (NYSE:SWX)

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