Southwest Gas Holdings Inc (NYSE: SWX) is 15.28% higher on its value in year-to-date trading and has touched a low of $53.79 and a high of $76.75 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SWX stock was last observed hovering at around $73.40 in the last trading session, with the day’s loss setting it -0.37%.
Currently trading at $73.03, the stock is -0.44% and 7.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.9 million and changing -0.50% at the moment leaves the stock 15.23% off its SMA200. SWX registered 20.59% gain for a year compared to 6-month gain of 23.03%. The firm has a 50-day simple moving average (SMA 50) of $1.91 and a 200-day simple moving average (SMA200) of $11.18.
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The stock witnessed a -0.52% loss in the last 1 month and extending the period to 3 months gives it a 14.92%, and is -2.17% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.91% over the week and 1.95% over the month.
Southwest Gas Holdings Inc (SWX) has around 14943 employees, a market worth around $5.23B and $5.43B in sales. Current P/E ratio is 34.26 and Fwd P/E is 19.17. Profit margin for the company is 2.78%. Distance from 52-week low is 35.77% and -4.85% from its 52-week high. The company has generated returns on investments over the last 12 months (1.87%).
Southwest Gas Holdings Inc quarterly earnings per share for the current quarter are estimated at $1.42 with sales reaching $1.38B over the same period.The EPS is expected to grow by 49.79% this year, but quarterly earnings will post -6.70% year-over-year. Quarterly sales are estimated to grow 3.30% in year-over-year returns.
387 institutions hold shares in Southwest Gas Holdings Inc (SWX), with institutional investors hold 94.34% of the company’s shares. The shares outstanding are 71.56M, and float is at 71.29M with Short Float at 3.50%. Institutions hold 93.87% of the Float.
The top institutional shareholder in the company is Icahn Carl C with over 10.84 million shares valued at $690.26 million. The investor’s holdings represent 15.17% of the SWX Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 9.68 million shares valued at $616.07 million to account for 13.54% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 7.28 million shares representing 10.18% and valued at over $463.2 million, while State Street Corporation holds 3.12% of the shares totaling 2.23 million with a market value of $141.91 million.
Southwest Gas Holdings Inc (SWX) Insider Activity
The most recent transaction is an insider sale by Daily Paul M, the company’s CEO/Centuri Group, Inc. SEC filings show that Daily Paul M sold 1,000 shares of the company’s common stock on Dec 27 ’23 at a price of $63.80 per share for a total of $63797.0. Following the sale, the insider now owns 58377.0 shares.
Southwest Gas Holdings Inc disclosed in a document filed with the SEC on Sep 27 ’23 that ICAHN CARL C (10% Owner) bought a total of 1,400 shares of the company’s common stock. The trade occurred on Sep 27 ’23 and was made at $62.00 per share for $86800.0. Following the transaction, the insider now directly holds 11.02 million shares of the SWX stock.
Still, SEC filings show that on Sep 26 ’23, ICAHN CARL C (10% Owner) acquired 4,536 shares at an average price of $61.98 for $0.28 million. The insider now directly holds 11,021,204 shares of Southwest Gas Holdings Inc (SWX).
