Southwest Gas (NYSE:SWX) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Monday.

Other equities research analysts have also recently issued research reports about the company. Citigroup upped their target price on Southwest Gas from $73.00 to $80.00 and gave the stock a “hold” rating in a research report on Wednesday, October 3rd. Zacks Investment Research cut Southwest Gas from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 19th. Finally, Bank of America set a $76.00 price objective on Southwest Gas and gave the company a “sell” rating in a research report on Wednesday, October 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Southwest Gas has an average rating of “Hold” and an average price target of $78.17.

Shares of Southwest Gas stock opened at $84.49 on Monday. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 23.34, a P/E/G ratio of 5.47 and a beta of 0.39. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.01 and a quick ratio of 1.01. Southwest Gas has a 12-month low of $62.53 and a 12-month high of $86.87.

Southwest Gas (NYSE:SWX) last announced its earnings results on Tuesday, November 6th. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.11. The firm had revenue of $668.10 million during the quarter, compared to analysts’ expectations of $224.00 million. Southwest Gas had a return on equity of 10.01% and a net margin of 7.39%. The company’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.21 earnings per share. As a group, equities analysts predict that Southwest Gas will post 3.82 EPS for the current fiscal year.

In other news, VP Kenneth J. Kenny sold 500 shares of the stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $82.67, for a total value of $41,335.00. Following the completion of the sale, the vice president now directly owns 15,509 shares of the company’s stock, valued at $1,282,129.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of SWX. NumerixS Investment Technologies Inc acquired a new position in shares of Southwest Gas in the second quarter valued at $115,000. First Mercantile Trust Co. raised its stake in shares of Southwest Gas by 51.9% in the second quarter. First Mercantile Trust Co. now owns 2,050 shares of the utilities provider’s stock valued at $156,000 after purchasing an additional 700 shares in the last quarter. First Republic Investment Management Inc. acquired a new position in shares of Southwest Gas in the second quarter valued at $206,000. Ashfield Capital Partners LLC acquired a new position in shares of Southwest Gas in the second quarter valued at $209,000. Finally, Raymond James Trust N.A. acquired a new position in shares of Southwest Gas in the third quarter valued at $222,000. 83.46% of the stock is owned by institutional investors.

About Southwest Gas

Southwest Gas Holdings, Inc, through its subsidiaries, purchases, distributes, and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Operations and Construction Services segments. As of December 31, 2017, it had 2,015,000 residential, commercial, industrial, and other natural gas customers.

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Analyst Recommendations for Southwest Gas (NYSE:SWX)

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