Southwest Gas (SWX) Raised to “Buy” at ValuEngine

Southwest Gas (NYSE:SWX) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

A number of other equities research analysts have also weighed in on the company. Wells Fargo & Co initiated coverage on Southwest Gas in a research note on Tuesday, January 15th. They set a “market perform” rating and a $83.00 price target on the stock. UBS Group set a $93.00 price target on Southwest Gas and gave the stock a “buy” rating in a research note on Friday, December 14th. Williams Capital boosted their price target on Southwest Gas from $74.00 to $78.00 and gave the stock a “hold” rating in a research note on Monday, December 3rd. Finally, Zacks Investment Research lowered Southwest Gas from a “buy” rating to a “hold” rating in a research note on Saturday, December 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $81.29.

Shares of SWX stock opened at $82.88 on Tuesday. Southwest Gas has a fifty-two week low of $62.53 and a fifty-two week high of $85.97. The stock has a market cap of $3.99 billion, a PE ratio of 22.85, a price-to-earnings-growth ratio of 4.05 and a beta of 0.35. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.01 and a current ratio of 1.01.

A number of hedge funds and other institutional investors have recently modified their holdings of SWX. First Hawaiian Bank purchased a new stake in Southwest Gas in the third quarter valued at approximately $302,000. Retirement Systems of Alabama boosted its position in Southwest Gas by 1.4% in the third quarter. Retirement Systems of Alabama now owns 63,497 shares of the utilities provider’s stock valued at $5,018,000 after buying an additional 881 shares during the last quarter. James Investment Research Inc. purchased a new stake in Southwest Gas in the third quarter valued at approximately $2,108,000. Congress Asset Management Co. MA boosted its position in Southwest Gas by 10.2% in the third quarter. Congress Asset Management Co. MA now owns 30,822 shares of the utilities provider’s stock valued at $2,436,000 after buying an additional 2,855 shares during the last quarter. Finally, Mesirow Financial Investment Management Equity Management purchased a new stake in Southwest Gas in the third quarter valued at approximately $14,744,000. Hedge funds and other institutional investors own 84.41% of the company’s stock.

About Southwest Gas

Southwest Gas Holdings, Inc, through its subsidiaries, purchases, distributes, and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Operations and Construction Services segments. As of December 31, 2017, it had 2,015,000 residential, commercial, industrial, and other natural gas customers.

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Analyst Recommendations for Southwest Gas (NYSE:SWX)

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