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 Holdings reported Q2 2024 adjusted EPS of $0.31, missing the $0.48 estimate. Sales were $1.182 billion, also missing the $1.197 billion estimate.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:03 pm

Wells Fargo analyst Sarah Akers reinstated an Equal-Weight rating on Southwest Gas Holdings (SWX) and set a price target of $77.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 1:36 pm

Southwest Gas Holdings reported its Q1 2024 adjusted earnings per share (EPS) of $1.37, missing the consensus analyst estimate of $1.42 by 3.52%.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:44 pm

Southwest Gas Holdings, Inc. (SWX) and its subsidiary Centuri Holdings, Inc. (CTRI) announced the pricing of Centuri's IPO at $21 per share for 12.4 million shares. The IPO is set to begin trading on the NYSE under the symbol CTRI on April 18, 2024, with a closing date of April 22, 2024. Additionally, Icahn Partners will purchase 2.59 million shares of Centuri in a private placement at the IPO price, totaling approximately $54.4 million.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 7:26 am

Southwest Gas Holdings, Inc.'s subsidiary, Centuri Holdings, Inc., is preparing for an IPO, offering 12.40 million shares with an option for underwriters to buy an additional 1.86 million shares. The price range is set between $18.00 and $21.00 per share, and it will be listed on the NYSE under the ticker 'CTRI'. Carl Icahn's investment entities have agreed to purchase 2.59 million shares concurrently. The IPO is part of a public filing with the SEC by Centuri. Exposure to SWX can also be gained through LeaderShares Activist Leaders ETF (ACTV) and Invesco Building & Construction ETF (PKB). SWX shares recently dropped by 0.74%.

Portfolio Pulse from Lekha Gupta

April 09, 2024 | 1:54 pm

Southwest Gas subsidiary, Centuri Holdings, is planning an IPO of 12.4 million shares, priced between $18-$21 per share. Post-IPO, Southwest Gas will retain about 82.7% ownership, or 81.0% if underwriters fully exercise their option to buy additional shares.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 8:46 pm

Southwest Gas Holdings, Inc. (SWX) announced its subsidiary, Centuri Group, Inc., has filed a registration statement for an IPO, intending to list on the NYSE under 'CTRI'. The offering's details are yet to be determined. UBS Investment Bank, BofA Securities, and J.P. Morgan are the joint lead book-running managers, with Wells Fargo Securities as a book-running manager and Baird, KeyBanc Capital Markets, and Siebert Williams Shank as co-managers.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 8:25 pm

Southwest Gas has filed a proposal in Nevada for a 15% reduction in the gas cost component of customer bills starting April 1. The filing, to be reviewed by the Public Utilities Commission of Nevada in May, aims to become effective by July 1.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 6:59 pm

Citigroup analyst Ryan Levine has maintained a Neutral rating on Southwest Gas Holdings (SWX) and increased the price target from $64 to $73.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 5:11 pm

Southwest Gas Holdings (SWX) reported Q4 sales of $702.22M, missing the analyst consensus estimate of $1.29B by 45.56%. This represents a 21.78% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 1:13 pm

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