Southwest Gas (NYSE:SWX) PT Raised to $101.00

Southwest Gas (NYSE:SWXGet Rating) had its price target raised by stock analysts at Wells Fargo & Company from $84.00 to $101.00 in a note issued to investors on Tuesday, The Fly reports. Wells Fargo & Company‘s price target would indicate a potential upside of 11.34% from the company’s previous close.

A number of other analysts have also weighed in on SWX. StockNews.com lowered shares of Southwest Gas from a “hold” rating to a “sell” rating in a research note on Thursday, May 5th. Bank of America raised shares of Southwest Gas from a “neutral” rating to a “buy” rating and upped their price target for the stock from $81.00 to $88.00 in a research note on Wednesday, March 30th. Finally, TheStreet raised shares of Southwest Gas from a “c+” rating to a “b-” rating in a research note on Monday, April 4th. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Southwest Gas currently has an average rating of “Hold” and an average price target of $89.00.

NYSE SWX opened at $90.71 on Tuesday. Southwest Gas has a 52 week low of $62.54 and a 52 week high of $91.99. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.39. The company has a market cap of $5.49 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 3.79 and a beta of 0.11. The stock has a 50-day moving average price of $81.03.

Southwest Gas (NYSE:SWXGet Rating) last posted its earnings results on Tuesday, March 1st. The utilities provider reported $1.61 EPS for the quarter, topping the consensus estimate of $1.56 by $0.05. Southwest Gas had a net margin of 5.46% and a return on equity of 8.48%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the firm earned $1.82 EPS. As a group, equities research analysts anticipate that Southwest Gas will post 4.63 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in SWX. UMB Bank N A MO acquired a new stake in Southwest Gas during the fourth quarter valued at approximately $25,000. Benjamin Edwards Inc. acquired a new stake in Southwest Gas during the fourth quarter valued at approximately $26,000. SouthState Corp acquired a new stake in Southwest Gas during the third quarter valued at approximately $27,000. First Community Trust NA acquired a new stake in Southwest Gas during the fourth quarter valued at approximately $35,000. Finally, Huntington National Bank lifted its stake in Southwest Gas by 76.1% during the fourth quarter. Huntington National Bank now owns 523 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 226 shares during the last quarter. 85.29% of the stock is owned by institutional investors and hedge funds.

Southwest Gas Company Profile (Get Rating)

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.

Featured Stories

The Fly logo

Receive News & Ratings for Southwest Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Gas and related companies with MarketBeat.com's FREE daily email newsletter.