Why Should We Buy Southwest Gas Holdings Inc. (SWX) Stock? – Marketing Sentinel
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Why Should We Buy Southwest Gas Holdings Inc. (SWX) Stock?

Southwest Gas Holdings Inc. (NYSE:SWX) has a beta value of 0.16 and has seen 0.36 million shares traded in the last trading session. The company, currently valued at $4.25B, closed the last trade at $71.61 per share which meant it lost -$0.31 on the day or -0.43% during that session. The SWX stock price is -4.73% off its 52-week high price of $75.00 and 20.4% above the 52-week low of $57.00. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.42 million shares traded. The 3-month trading volume is 402.95K shares.

The consensus among analysts is that Southwest Gas Holdings Inc. (SWX) is an Overweight stock at the moment, with a recommendation rating of 2.60. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 4 out of 7 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.44.

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Southwest Gas Holdings Inc. (NYSE:SWX) trade information

Sporting -0.43% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the SWX stock price touched $71.61 or saw a rise of 0.69%. Year-to-date, Southwest Gas Holdings Inc. shares have moved 17.88%, while the 5-day performance has seen it change 3.48%. Over the past 30 days, the shares of Southwest Gas Holdings Inc. (NYSE:SWX) have changed -0.58%. Short interest in the company has seen 0.73 million shares shorted with days to cover at 1.4.

Wall Street analysts have a consensus price target for the stock at $77.67, which means that the shares’ value could jump 7.8% from current levels. The projected low price target is $68.00 while the price target rests at a high of $96.00. In that case, then, we find that the current price level is -34.06% off the targeted high while a plunge would see the stock lose 5.04% from current levels.

Southwest Gas Holdings Inc. (SWX) estimates and forecasts

Figures show that Southwest Gas Holdings Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained 0.75% over the past 6 months, with this year growth rate of -1.21%, compared to 10.60% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -35.30% and -59.40% for the next quarter. Revenue growth from the last financial year stood is estimated to be 7.20%.

2 analysts offering their estimates for the company have set an average revenue estimate of $821.42 million for the current quarter. 2 have an estimated revenue figure of $771.95 million for the next quarter concluding in Sep 2021.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 7.30% over the past 5 years. Earnings growth for 2021 is a modest 5.20% while over the next 5 years, the company’s earnings are expected to increase by 4.00%.

SWX Dividends

Southwest Gas Holdings Inc. is expected to release its next earnings report between November 03 and November 08 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 2.38 at a share yield of 3.32%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.71%.

Southwest Gas Holdings Inc. (NYSE:SWX)’s Major holders

Insiders own 0.80% of the company shares, while shares held by institutions stand at 84.51% with a share float percentage of 85.19%. Investors are also buoyed by the number of investors in a company, with Southwest Gas Holdings Inc. having a total of 403 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 9.51 million shares worth more than $653.34 million. As of Mar 30, 2021, Blackrock Inc. held 16.39% of shares outstanding.

The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 5.51 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $378.82 million and represent 9.51% of shares outstanding.

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Also the top two Mutual Funds that are holding company’s shares are Lazard Global Listed Infrastructure Portfolio and iShares Core S&P Midcap ETF. As of Mar 30, 2021, the former fund manager holds about 4.76% shares in the company for having 2.76 million shares of worth $189.77 million while later fund manager owns 1.56 million shares of worth $103.07 million as of May 30, 2021, which makes it owner of about 2.69% of company’s outstanding stock.

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