Southwest Gas Holdings Inc (NYSE: SWX) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Southwest Gas Announces that Centuri Files Public Registration Statement.

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Stocks Info

Southwest Gas Holdings Inc is listed on the NYSE as a member of the Utilities sector and is a part of the Utilities – Regulated Gas industry. The current market capitalization of Southwest Gas Holdings Inc is $5.45B. A total of 0.5 million shares were traded on the day, compared to an average of 462.76K shares.

In the most recent transaction, Daily Paul M sold 1,000 shares of SWX for 63.80 per share on Dec 27 ’23. After the transaction, the CEO/Centuri Group, Inc. now owns 58,377 company shares. In a previous transaction on Sep 27 ’23, ICAHN CARL C bought 1,400 shares at 62.00 per share. SWX shares that 10% Owner owns now total 11,022,604.

Among the insiders who bought shares, ICAHN CARL C acquired of 4,536 shares on Sep 26 ’23 at a per-share price of $61.98. This resulted in the 10% Owner holding 11,021,204 shares of SWX after the transaction. In another insider transaction, ICAHN CARL C bought 600 shares at $62.00 per share on Sep 25 ’23. Company shares held by the 10% Owner now total 11,016,668.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Southwest Gas Holdings Inc pays an annual dividend of $2.48, resulting in a dividend yield of 3.26%, and it has a price to earnings (P/E) ratio of 35.71. SWX’s most recent ex-dividend date was 5/14/2024 when it declared a $0.62 quarterly dividend that was paid in cash on 6/3/2024. Previously, the company paid the dividend on 3/1/2024 with an ex-dividend date of 2/14/2024. The SWX stock dividend was $0.62 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, SWX has a high of $74.99 and a low of $53.79.

As of this writing, SWX has an earnings estimate of $1.42 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $1.65 per share and a lower estimate of $1.19. The company reported an EPS of $0.1 in the last quarter, which was 138.50% higher than expectations of -$0.26.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. SWX’s latest balance sheet shows that the firm has $222.70M in Cash & Short Term Investments as of fiscal 2021. There were $6.32B in debt and $3.11B in liabilities at the time. Its Book Value Per Share was $46.25, while its Total Shareholder’s Equity was $3.15B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SWX is Buy with a score of 3.67.

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