Southwest Gas Holdings, Inc. (NYSE:SWX) CFO Robert J. Stefani Sells 767 Shares of Stock

Southwest Gas Holdings, Inc. (NYSE:SWX) CFO Robert J. Stefani sold 767 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $73.14, for a total value of $56,098.38. Following the sale, the chief financial officer now owns 43,438 shares in the company, valued at approximately $3,177,055.32. The sale was disclosed in a filing with the SEC, which is available through this link.

Southwest Gas Stock Down 0.2 %

SWX traded down $0.17 during midday trading on Thursday, reaching $71.51. 8,367 shares of the company were exchanged, compared to its average volume of 403,925. The company has a market cap of $5.13 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 3.61 and a beta of 0.37. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.58 and a current ratio of 1.58. Southwest Gas Holdings, Inc. has a one year low of $56.17 and a one year high of $78.46. The company’s fifty day moving average price is $72.36 and its 200 day moving average price is $72.45.

Southwest Gas (NYSE:SWX) last released its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.17). The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Southwest Gas had a return on equity of 6.18% and a net margin of 3.44%. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 earnings per share. As a group, analysts expect that Southwest Gas Holdings, Inc. will post 3.29 EPS for the current year.

Wall Street Analysts Forecast Growth

SWX has been the subject of several research analyst reports. Wells Fargo & Company lowered their price objective on shares of Southwest Gas from $77.00 to $74.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 7th. JPMorgan Chase & Co. cut their price target on Southwest Gas from $78.00 to $70.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th.

Institutional Investors Weigh In On Southwest Gas

Several large investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in Southwest Gas by 154.8% in the second quarter. GAMMA Investing LLC now owns 428 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 260 shares during the last quarter. Blue Trust Inc. increased its position in Southwest Gas by 96.6% in the second quarter. Blue Trust Inc. now owns 574 shares of the utilities provider’s stock worth $44,000 after buying an additional 282 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Southwest Gas during the 2nd quarter valued at $49,000. Ashton Thomas Private Wealth LLC purchased a new stake in Southwest Gas in the 2nd quarter worth about $72,000. Finally, Jones Financial Companies Lllp raised its stake in Southwest Gas by 461.9% in the 4th quarter. Jones Financial Companies Lllp now owns 1,371 shares of the utilities provider’s stock valued at $87,000 after acquiring an additional 1,127 shares during the period. 92.77% of the stock is owned by hedge funds and other institutional investors.

About Southwest Gas

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.