Southwest Gas Holdings, Inc. (NYSE:SWX) has been assigned an average recommendation of “Hold” by the six analysts who currently cover the company, MarketBeat reports. One analyst rated the stock with a sell recommendation, three issued a hold recommendation and one gave the company a buy recommendation. The 12-month average price target among analysts who have updated their coverage of the stock over the past year is $72.00.
The SWX has been the subject of several analyst reports. TheStreet downgraded shares of Southwest Gas from a “b-” rating to a “c+” rating in a Friday, Jan. 7 research note. StockNews.com upgraded Southwest Gas shares from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Zacks Investment Research moved shares of Southwest Gas from a “hold” rating to a “sell” rating in a research report on Tuesday, Dec. 28.
NYSE: SWX lost $0.61 on Friday, hitting $65.69. The company had a trading volume of 160,162 shares, compared to an average volume of 269,178. The stock has a market capitalization of $3.97 billion, a price-earnings ratio of 16.06, a PEG ratio of 2.82 and a beta of 0.23. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt ratio of 1.23. The company has a 50-day moving average of $67.69 and a two-hundred-day moving average of $68.79. Southwest Gas has a 52-week low of $61.77 and a 52-week high of $73.54.
Several hedge funds and other institutional investors have recently changed their SWX holdings. Susquehanna International Group LLP bought a new position in shares of Southwest Gas during the second quarter valued at around $786,000. Vanguard Group Inc. increased its position in Southwest Gas by 3.8% in the second quarter. Vanguard Group Inc. now owns 5,721,646 shares of the utility provider worth $378,715,000 after acquiring an additional 208,393 shares during the period. Geode Capital Management LLC increased its position in Southwest Gas by 4.9% in the second quarter. Geode Capital Management LLC now owns 971,544 shares of the utility provider worth $64,306,000 after acquiring an additional 44,954 shares during the period. Stifel Financial Corp raised its position in Southwest Gas by 1.2% in the second quarter. Stifel Financial Corp now owns 15,947 shares of the utility provider worth $1,056,000 after acquiring an additional 184 shares during the period. Finally, LPL Financial LLC increased its position in Southwest Gas by 9.1% in the second quarter. LPL Financial LLC now owns 3,731 shares of the utility provider worth $247,000 after acquiring 311 additional shares during the period. Hedge funds and other institutional investors own 86.43% of the company’s shares.
South West Gas Company Profile
Southwest Gas Holdings, Inc is engaged in the energy sector. It operates through the following segments: Natural Gas Operations and Utility Infrastructure Services. The Natural Gas Operations segment focuses on the purchase, distribution and transportation of natural gas in Arizona, California and Nevada.
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