Southwest Gas (SWX) Stock Price, News & Analysis

Company Overview

Southwest Gas Holdings, Inc., through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage segments. It also provides trenching, installation, and replacement of underground pipes, as well as maintenance services for energy distribution systems. As of December 31, 2023, it had 2,226,000 residential, commercial, industrial, and other natural gas customers. Southwest Gas Holdings, Inc. was incorporated in 1931 and is headquartered in Las Vegas, Nevada.

Key Stats

• Today's Range: $68.74 to $70.55
• 50-Day Range: $67.87 to $79.16
• 52-Week Range: $57.55 to $80.29
• Volume: 882,084 shs
• Average Volume: 374,929 shs
• Market Capitalization: $5.00 billion
• P/E Ratio: 28.08
• Dividend Yield: 3.56%
• Price Target: $73.50
• Consensus Rating: Reduce

Southwest Gas Stock Analysis - MarketRank™

Southwest Gas scored higher than 79% of companies evaluated by MarketBeat, and ranked 40th out of 91 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.9 / 5
• Analyst Rating: Reduce

Consensus Rating

Southwest Gas has received a consensus rating of Reduce. The company's average rating score is 1.75, and is based on no buy ratings, 3 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Southwest Gas has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 19.30%

Earnings Growth

Earnings for Southwest Gas are expected to grow by 19.30% in the coming year, from $3.16 to $3.77 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Southwest Gas is 28.08, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.42.

Price to Earnings Ratio vs. Sector

The P/E ratio of Southwest Gas is 28.08, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 95.36.

Price to Earnings Growth Ratio

Southwest Gas has a PEG Ratio of 3.84. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Southwest Gas has a P/B Ratio of 1.50. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.20% of the outstanding shares of Southwest Gas have been sold short.

Short Interest Ratio / Days to Cover

Southwest Gas has a short interest ratio ("days to cover") of 5.4.

Change versus previous month

Short interest in Southwest Gas has recently decreased by 8.67%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Southwest Gas is a leading dividend payer. It pays a dividend yield of 3.65%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Southwest Gas does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Southwest Gas is 100.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Southwest Gas will have a dividend payout ratio of 65.78% next year. This indicates that Southwest Gas will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.3 / 5
• Environmental Score: -8.87

Percentage of Shares Shorted

2.20% of the outstanding shares of Southwest Gas have been sold short.

Short Interest Ratio / Days to Cover

Southwest Gas has a short interest ratio ("days to cover") of 5.4.

Change versus previous month

Short interest in Southwest Gas has recently decreased by 8.67%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.6 / 5
• News Sentiment: 1.47

News Sentiment

Southwest Gas has a news sentiment score of 1.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Southwest Gas this week, compared to 4 articles on an average week.

MarketBeat Follows

2 people have added Southwest Gas to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Southwest Gas insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $106,668,600.00 in company stock.

Percentage Held by Insiders

Only 0.39% of the stock of Southwest Gas is held by insiders.

Percentage Held by Institutions

92.77% of the stock of Southwest Gas is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SWX Stock Analysis - Frequently Asked Questions

How have SWX shares performed this year?

Southwest Gas' stock was trading at $63.35 at the beginning of 2024. Since then, SWX stock has increased by 9.9% and is now trading at $69.65.
View the best growth stocks for 2024 here.

How were Southwest Gas' earnings last quarter?

Southwest Gas Holdings, Inc. (NYSE:SWX) announced its quarterly earnings data on Wednesday, November, 6th. The utilities provider reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.02. The company's quarterly revenue was down 7.7% on a year-over-year basis.

Does Southwest Gas have any subsidiaries?

Southwest Gas subsidiaries include and Utility Financial Corp., Canyon Pipeline Construction Inc., Canyon Special Projects LLC, Canyon Traffic Control LLC, Carson Water Company, Centuri Canada Division Inc., Centuri Group Inc., and more.

Who are Southwest Gas' major shareholders?

Top institutional shareholders of Southwest Gas include FMR LLC (4.48%), State Street Corp (3.15%), Maverick Capital Ltd. (2.46%) and Geode Capital Management LLC (2.02%). Insiders that own company stock include Paul M Daily, Robert J Stefani, Justin L Brown, Eric Debonis and Lori L Colvin.
View institutional ownership trends.

How do I buy shares of Southwest Gas?

Shares of SWX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Southwest Gas own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Southwest Gas investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Chevron (CVX), JPMorgan Chase & Co. (JPM), Tesla (TSLA) and Walmart (WMT).

Company Calendar

• Last Earnings: 11/06/2024
• Ex-Dividend for 12/2 Dividend: 11/15/2024
• Dividend Payable: 12/02/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Utilities
• Industry: Gas transmission & distribution
• Sub-Industry: Gas Utilities
• Current Symbol: NYSE:SWX
• CUSIP: 84489510
• CIK: 92416
• Web: www.swgasholdings.com
• Phone: (702) 876-7237
• Fax: 702-876-7037
• Employees: 2,371
• Year Founded: 1931

Price Target and Rating

• Average Stock Price Target: $73.50
• High Stock Price Target: $78.00
• Low Stock Price Target: $70.00
• Potential Upside/Downside: +5.5%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.75
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.48
• Trailing P/E Ratio: 28.08
• Forward P/E Ratio: 22.04
• P/E Growth: 3.84
• Net Income: $150.89 million
• Net Margins: 3.44%
• Pretax Margin: 4.09%
• Return on Equity: 5.99%
• Return on Assets: 1.76%

Debt

• Debt-to-Equity Ratio: 1.21
• Current Ratio: 0.85
• Quick Ratio: 0.85

Sales & Book Value

• Annual Sales: $5.21 billion
• Price / Sales: 0.96
• Cash Flow: $9.08 per share
• Price / Cash Flow: 7.67
• Book Value: $46.28 per share
• Price / Book: 1.50

Miscellaneous

• Outstanding Shares: 71,744,000
• Free Float: 71,464,000
• Market Cap: $5.00 billion
• Optionable: Optionable
• Beta: 0.41