Streetbeat News

SWX

Southwest Gas Holdings, Inc.

https://www.swgasholdings.com

Industry

Regulated 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. As of December 31, 2021, it had 2,159,000 residential, commercial, industrial, and other natural gas customers. Southwest Gas Holdings, Inc. was incorporated in 1931 and is headquartered in Las Vegas, Nevada.

Open

77.44

Mkt cap

5.7B

Volume

247K

High

79.20

P/E Ratio

31.68

52-wk high

79.20

Low

77.33

Div yield

0.03

52-wk low

57.55

Southwest Gas (SWX) is benefiting from its long-term investment plans, expanding customer base, and decoupling rate structure.

Portfolio Pulse from

November 14, 2024 | 3:00 pm

Southwest Gas Holdings, Inc. (SWX) held its Q3 2024 earnings call, discussing financial performance and company updates. Key participants included executives and analysts from J.P. Morgan and Citi.

Portfolio Pulse from

November 06, 2024 | 6:30 pm

Southwest Gas (SWX) reported third-quarter earnings that surpassed estimates, despite a 7.7% year-over-year decline in revenues. The company's long-term capital expenditure plan is contributing positively to earnings.

Portfolio Pulse from

November 06, 2024 | 6:00 pm

Southwest Gas (SWX) reported Q3 earnings of $0.09 per share, surpassing the Zacks Consensus Estimate of $0.07 per share, but slightly down from $0.10 per share a year ago.

Portfolio Pulse from

November 06, 2024 | 3:30 pm

Southwest Gas Holdings, Inc. reported its third quarter 2024 financial results, showing a slight increase in utility earnings with a 9% year-to-date growth. The company expects its utility net income to be within the top half of its guidance range. Southwest Gas is also advancing rate cases in California, Arizona, and Nevada.

Portfolio Pulse from

November 06, 2024 | 1:15 pm

Southwest Gas Holdings, Inc. (NYSE:SWX) and Carl Icahn have amended their cooperation agreement, allowing Icahn's designees to participate in board committees. The agreement includes standstill restrictions and plans to nominate Icahn's designees for the 2025 annual meeting. SWX shares are trading above their 50-day moving average and nearing a 52-week high.

Portfolio Pulse from Erica Kollmann

October 15, 2024 | 10:07 pm

Southwest Gas Holdings and Carl Icahn have amended their cooperation agreement, which includes standstill restrictions on the Icahn Group. The company will nominate four Icahn designees for the 2025 annual meeting of stockholders.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 8:17 pm

Wells Fargo analyst Sarah Akers maintains an Equal-Weight rating on Southwest Gas Holdings (NYSE:SWX) and raises the price target from $74 to $78.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 4:38 pm

JP Morgan analyst Richard Sunderland maintains a Neutral rating on Southwest Gas Holdings (NYSE:SWX) but lowers the price target from $78 to $70.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:45 pm

Wells Fargo analyst Sarah Akers maintains an Equal-Weight rating on Southwest Gas Holdings (NYSE:SWX) but lowers the price target from $77 to $74.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 2:03 pm

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