Southwest Gas Hldgs (NYSE:SWX) Stock

Southwest Gas Hldgs

Southwest Gas Holdings Inc is a utility company engaged in the purchasing, distributing, and transporting of natural gas in the American Southwest. The company segments its activities into natural gas distribution and Utility Infrastructure Services units. The first of these encompasses the company's core natural gas business as distributors in the states of Arizona and Nevada. The natural gas distribution division is responsible for roughly half of Southwest Gas' total revenue through the sale of natural gas to mainly residential and small commercial customers. The Utility Infrastructure Services segment generates the other half of the company's total revenue from the underground piping contractor services that its subsidiary, Centuri Construction Group, provides.

Southwest Gas Holdings

Carl Icahn: 5 Stocks The Billionaire Investor Owns

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According to SEC filings, Southwest Gas and activist investor Carl Icahn have entered into an amended and restated cooperation agreement. Here&#39;s what to know: 

Billionaire Investor Carl Icahn, Southwest Gas Amend Cooperation Agreement

Earnings

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National Fuel Gas Company (NYSE: NFG) reported third-quarter fiscal 2024 adjusted operating earnings of 99 cents per share, which surpassed the Zacks Consensus Estimate of 92 cents by 7.6%. However, the bottom line decreased 2% from the year-ago quarter&#39;s reported figure of $1.01.

National Fuel Gas Q3 Earnings Beat, Sales Decline Y/Y

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Centuri, a subsidiary of Southwest Gas Holdings, is launching an IPO of 12.4M shares on NYSE with an option for 1.86M more, priced between $18-$21. Carl Icahn&#39;s entities also plan to invest.

Southwest Gas Unit Centuri Gears Up For IPO: Details

Southwest Gas Holdings, Inc. Common Stock (DE)

Southwest Gas Holdings Inc

In the current session, the stock is trading at $77.40, after a 0.66% spike. Over the past month, Southwest Gas Hldgs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWX#NYSE">SWX</a>) stock increased by 4.98%, and in the past year, by 24.02%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.

<img src="https://www.benzinga.com/files/images/story/2025/1740416418_0.png" alt="Past Year Chart" />

<h3>How Does Southwest Gas Hldgs P/E Compare to Other Companies?</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Southwest Gas Hldgs has a better P/E ratio of 30.76 than the aggregate P/E ratio of 17.93 of the Gas Utilities industry. Ideally, one might believe that Southwest Gas Hldgs Inc. might perform better in the future than it's industry group, but it's probable that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1740416418_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

P/E Ratio Insights for Southwest Gas Hldgs

Hedge Funds

General

Carl Icahn Cuts Shared Share Stake In Southwest Gas Holdings By 12.6% To 9.6M Shares

JP Morgan analyst Richard Sunderland maintains Southwest Gas Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWX#NYSE">SWX</a>) with a Neutral and lowers the price target from $76 to $72.

Price Target

JP Morgan Maintains Neutral on Southwest Gas Hldgs, Lowers Price Target to $72

B of A Securities analyst Ross Fowler reinstates Southwest Gas Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWX#NYSE">SWX</a>) with a Underperform and announces $73 price target.

Initiation

B of A Securities Reinstates Underperform on Southwest Gas Hldgs, Announces $73 Price Target

CARL ICAHN, 10% Owner at Southwest Gas Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWX#NYSE">SWX</a>), executed a substantial insider sell on November 20, according to an SEC filing.
What Happened: ICAHN's decision to sell 1,390,000 shares of Southwest Gas Hldgs was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001692115/000153949724002483//Archives/edgar/data/1692115/000153949724002483/0001539497-24-002483-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The total value of the sale is $106,668,600.
During Wednesday's morning session, Southwest Gas Hldgs shares down by 0.0%, currently priced at $79.11.
<h3>Unveiling the Story Behind Southwest Gas Hldgs</h3>
Southwest Gas Holdings Inc is a utility company engaged in the purchasing, distributing, and transporting of natural gas in the American Southwest. The company segments its activities into natural gas distribution and Utility Infrastructure Services units. The first of these encompasses the company's core natural gas business as distributors in the states of Arizona and Nevada. The natural gas distribution division is responsible for roughly half of Southwest Gas' total revenue through the sale of natural gas to mainly residential and small commercial customers. The Utility Infrastructure Services segment generates the other half of the company's total revenue from the underground piping contractor services that its subsidiary, Centuri Construction Group, provides.
<h3>Southwest Gas Hldgs: A Financial Overview</h3>
Decline in Revenue: Over the 3 months period, Southwest Gas Hldgs faced challenges, resulting in a decline of approximately -7.72% in revenue growth as of 30 September, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Utilities sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Profitability Metrics:
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Gross Margin: The company shows a low gross margin of 17.71%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
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Earnings per Share (EPS): Southwest Gas Hldgs's EPS is a standout, portraying a positive bottom-line trend that exceeds the industry average with a current EPS of 0.004021.
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</ul>
Debt Management: Southwest Gas Hldgs's debt-to-equity ratio stands notably higher than the industry average, reaching 1.47. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Valuation Metrics: A Closer Look
<ul>
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Price to Earnings (P/E) Ratio: Southwest Gas Hldgs's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 31.64.
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Price to Sales (P/S) Ratio: The current P/S ratio of 1.09 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
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EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 10.91, Southwest Gas Hldgs's EV/EBITDA ratio reflects a below-par valuation compared to industry averages signalling undervaluation
</li>
</ul>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
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<h3>Exploring the Significance of Insider Trading</h3>
It's important to note that insider transactions alone should not dictate investment decisions, but they can provide valuable insights.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
<h3>Navigating the World of Insider Transaction Codes</h3>
Surveying the realm of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often give prominence to those unfolding in the open market, systematically detailed in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001692115">Check Out The Full List Of Southwest Gas Hldgs's Insider Trades.</a>
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

10% Owner Of Southwest Gas Hldgs Makes $106.67M Sale

Southwest Gas Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWX#NYSE">SWX</a>) reported quarterly earnings of $0.09 per share which missed the analyst consensus estimate of $0.15 by 40 percent. This is a 125 percent increase over earnings of $0.04 per share from the same period last year. The company reported quarterly sales of $1.079 billion which missed the analyst consensus estimate of $1.112 billion by 2.95 percent. This is a 7.70 percent decrease over sales of $1.169 billion the same period last year.

Earnings Misses

Southwest Gas Q3 2024 Adj. EPS $0.09 Misses $0.15 Estimate, Sales $1.079B Miss $1.112B Estimate

According to SEC filings, Southwest Gas Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWX#NYSE">SWX</a>) and activist investor Carl Icahn have entered into an amended and <a href="https://www.benzinga.com/markets/equities/24/04/38163440/southwest-gas-unit-centuri-gears-up-for-ipo-details">restated cooperation agreement. </a>
The Details: The updated <a href="https://www.sec.gov/Archives/edgar/data/1692115/000110465924108606/tm2426199d1_sc13da.htm">cooperation agreement</a> provides for participation by the Icahn designees, Andrew W. Evans, Henry P. Linginfelter, Ruby Sharma and Andrew J. Teno, in the Strategic Transactions Committee and the other committees of the board.
Southwest Gas agreed with the Icahn Group to nominate the Icahn designees for election at the company's 2025 annual meeting of stockholders. The amended agreement also provides standstill restrictions on the Icahn Group. 
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According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Southwest Gas shares are trading above the stock&#8217;s 50-day moving average of $72.24 and are approaching its 52-week high of $78.46.&nbsp;
<h1 class="wp-block-heading">Should I Sell My SWX Stock?</h1>
Whether to sell or hold a stock largely depends on an investor's strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.
Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.
Shares of Southwest Gas Holdings have gained 27.18% year to date. This compares to the average annual return of 6.5%, meaning the stock has outperformed its historical averages. Investors can compare a stock's movement to its historical performance to gauge whether this is a normal movement or a potential trading opportunity. 
Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. Southwest Gas stock currently has an RSI of 65.28, indicating neutral conditions.
For analysis tools, charting data and access to exclusive stock news, check out <a href="https://pro.benzinga.com/">Benzinga PRO. Try it for free.</a> 
SWX Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Southwest Gas shares ended Tuesday's session up 0.91% at $75.10.&nbsp;&nbsp;
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Photo: Shutterstock

Southwest Gas Holdings And Carl Icahn Entered Into Amended And Restated Cooperation Agreement; Amended Agreement Provides Standstill Restrictions On Icahn Group; Company Agreed To Nominate Four Icahn Designees For 2025 Annual Meeting Of Stockholders

Wells Fargo analyst Sarah Akers maintains Southwest Gas Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWX#NYSE">SWX</a>) with a Equal-Weight and raises the price target from $74 to $78.

Wells Fargo Maintains Equal-Weight on Southwest Gas Hldgs, Raises Price Target to $78

JP Morgan analyst Richard Sunderland maintains Southwest Gas Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWX#NYSE">SWX</a>) with a Neutral and lowers the price target from $78 to $70.

JP Morgan Maintains Neutral on Southwest Gas Hldgs, Lowers Price Target to $70

Wells Fargo analyst Sarah Akers maintains Southwest Gas Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWX#NYSE">SWX</a>) with a Equal-Weight and lowers the price target from $77 to $74.

Wells Fargo Maintains Equal-Weight on Southwest Gas Hldgs, Lowers Price Target to $74

Southwest Gas Hldgs Q2 2024 Adj. EPS $0.31 Misses $0.48 Estimate, Sales $1.182B Miss $1.197B Estimate

National Fuel Gas Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nfg#NYSE">NFG</a>) reported third-quarter fiscal 2024 adjusted operating earnings of 99 cents per share, which surpassed the Zacks Consensus Estimate of 92 cents by 7.6%. However, the bottom line decreased 2% from the year-ago quarter&#39;s reported figure of $1.01.
GAAP earnings for the quarter were 59 cents per share, down 41% from the year-ago level of $1.00.
<h3>Total Revenues</h3>
NFG reported sales of $417.4 million, which missed the Zacks Consensus Estimate of $528 million by 20.9%. The top line also declined 2.6% from the prior-year recorded figure of $428.7 million.
<div class="chart_embed">
<h3>National Fuel Gas Company Price, Consensus and EPS Surprise</h3>
<h3><img alt="National Fuel Gas Company Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/90/1722499356.png" style="height:282px; width:615px" title="" /></h3>
National Fuel Gas Company price-consensus-eps-surprise-chart | National Fuel Gas Company Quote
</div>
<h3>Segmental Revenues</h3>
Utility: Revenues totaled $124.8 million, down 13.6% from $144.5 million in the year-ago quarter.
Exploration and Production and Other Revenues: Revenues totaled $220.9 million, up 2% from $216.6 million in the year-ago quarter.
Pipeline and Storage and Gathering: Revenues amounted to $71.7 million, implying a 6.1% increase from $67.6 million recorded in the year-ago quarter.
<h3>Highlights of the Release</h3>
Total operating expenses increased 70.7% to $468.9 million year over year. This was primarily due to higher operation and maintenance expenses and higher depreciation and amortization.
Operating loss was $51.4 million against an income of $154.1 million in the year-ago quarter.
Interest expenses totaled $32.9 million, up 25.1% from the year-ago figure of $26.3 million.
The Exploration &amp; Production segment produced 96.5 billion cubic feet (Bcf) of natural gas, up 2% year over year despite approximately 5.6 Bcf of price-related curtailments in the quarter.
<h3>Financial Highlights</h3>
As of Jun 30, 2024, National Fuel Gas had cash and temporary cash investments of $81.4 million compared with $55.4 million as of Sep 30, 2023.
Net cash provided by operating activities for the first nine months of fiscal 2024 totaled $0.87 billion compared with $1.06 billion in the year-ago period.
Capital expenditures amounted to $684.2 million in the first nine months of fiscal 2024 compared with $727.7 million in the year-ago period.
<h3>Guidance</h3>
NFG narrowed its fiscal 2024 earnings projection to the range of $5.00-$5.10 per share from the previously anticipated $4.75-$5.05. The company expects its fiscal 2025 earnings to be in the range of $5.75-$6.25 per share. The Zacks Consensus Estimate for the same is pegged at $6.05 per share.
The company expects its capital expenditure for fiscal 2024 and 2025 to be in the range of $890-970 million and $885-970 million, respectively.
It lowered its production volume expectation to the band of 390-400 Bcf from the previously anticipated 390-405 Bcf, and the same for 2025 is estimated to be in the range of 400-420 Bcf.
<h3>Zacks Rank</h3>
National Fuel Gas currently carries a Zacks Rank #1 (Strong Buy).
<h3>Upcoming Releases</h3>
ONE Gas, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ogs#NYSE">OGS</a>) is slated to report second-quarter 2024 results on Aug 5, after market close. The Zacks Consensus Estimate for second-quarter earnings is pegged at 49 cents per share.
OGS&#39; long-term (three to five years) earnings growth rate is 5%. It delivered an average earnings surprise of 0.9% in the past four quarters.
Southwest Gas (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/swx#NYSE">SWX</a>) is slated to report second-quarter 2024 results on Aug 6, before market open. The Zacks Consensus Estimate for earnings is pegged at 43 cents per share.
SWX&#39;s long-term earnings growth rate is 6%. It delivered an average earnings surprise of 104.4% in the past four quarters.
Atmos Energy Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ato#NYSE">ATO</a>) is slated to report third-quarter fiscal 2024 results on Aug 7, after market close. The Zacks Consensus Estimate for earnings is pegged at $1.05 per share.
ATO&#39;s long-term earnings growth rate is 7%. It delivered an average earnings surprise of 3.3% in the past four quarters.
<a href="https://www.zacks.com/stock/news/2313908/national-fuel-gas-nfg-q3-earnings-beat-sales-decline-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2313908">To read this article on Zacks.com click here.</a>

Wells Fargo analyst Sarah Akers reinstates Southwest Gas Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWX#NYSE">SWX</a>) with a Equal-Weight and announces $77 price target.

Wells Fargo Reinstates Equal-Weight on Southwest Gas Hldgs, Announces $77 Price Target

Southwest Gas Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWX#NYSE">SWX</a>) reported quarterly earnings of $1.37 per share which missed the analyst consensus estimate of $1.42 by 3.52 percent.

Southwest Gas Hldgs Q1 2024 Adj EPS $1.37 Misses $1.42 Estimate

Southwest Gas Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWX#NYSE">SWX</a>) (&quot;Southwest Gas&quot;) and Centuri Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTRI#NYSE">CTRI</a>) (&quot;Centuri&quot;), a wholly owned subsidiary of Southwest Gas, today announced the pricing of Centuri&#39;s initial public offering (the &quot;IPO&quot;) of 12,400,000 shares of Centuri&#39;s common stock at an initial public offering price of&nbsp;$21.00&nbsp;per share. In addition, Centuri has granted the underwriters a 30-day option to purchase up to an additional 1,860,000 shares of its common stock to cover over-allotments, if any. Centuri&#39;s common stock has been approved for listing on the New York Stock Exchange (&quot;NYSE&quot;) under the symbol &quot;CTRI&quot; and is expected to begin trading on&nbsp;April 18, 2024. The IPO is expected to close on&nbsp;April 22, 2024, subject to the satisfaction or waiver of customary closing conditions
In addition to the shares of Centuri&#39;s common stock sold in the IPO, Centuri announced that Icahn Partners and Icahn Partners Master Fund LP, investment entities affiliated with&nbsp;Carl C. Icahn, will purchase 2,591,929 shares of Centuri&#39;s common stock in a concurrent private placement at a price per share equal to the IPO price, for gross proceeds of approximately&nbsp;$54.4 million.&nbsp;

CTRI

Reported Earlier, Southwest Gas And Centuri Prices Centuri Initial Public Offering Of 12.4M Centuri Common Shares At $21/Share

Southwest Gas Holdings, Inc.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWX#NYSE">SWX</a>) wholly-owned subsidiary Centuri Holdings, Inc. has launched a roadshow for the initial public offering (IPO) of&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38150895/southwest-gas-announces-launch-of-centuri-initial-public-offering-roadshow" rel="noreferrer noopener">12.40 million shares of Centuri</a>.
Centuri has granted the underwriters a 30-day option to purchase up to an additional 1.86 million shares and expects the IPO price to be between $18.00 and $21.00 per share.&nbsp;
Centuri has been approved to list its shares on the New York Stock Exchange under the ticker symbol &#8220;CTRI.&#8221;
As per a regulatory filing, Icahn Partners LP and Icahn Partners Master Fund LP, the investment entities affiliated with billionaire Carl Icahn, have agreed to purchase in a concurrent private placement 2.59 million shares of Centuri common stock at a price per share equal to the initial public offering price per share in this offering.
Last month, Southwest Gas announced that Centuri Holdings has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/n37899969/southwest-gas-announces-that-centuri-files-public-registration-statement" rel="noreferrer noopener">of its common stock</a>.
Investors can gain exposure to SWX stock via&nbsp;LeaderShares Activist Leaders ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACTV#NYSE">ACTV</a>) and&nbsp;Invesco Building &amp; Construction ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKB#NYSE">PKB</a>).
Price Action: SWX shares traded lower by 0.74% at $75.19 on the last check Tuesday.
Image: Shutterstock/ Andrii Yalanskyi

After completion of the IPO, Southwest Gas will continue to own approximately&nbsp;82.7%&nbsp;of Centuri&#39;s outstanding common stock (or approximately&nbsp;81.0%&nbsp;if the underwriters exercise their option to purchase additional shares of Centuri&#39;s common stock in full).

Southwest Gas Subsidiary Centuri Holdings Plans IPO Of 12.4M Shares Of Common Stock; Currently Expected To Be Priced At $18-$21 Per Share Range

Southwest Gas Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWX#NYSE">SWX</a>) ("Southwest Gas" or the "Company") today announced that, in connection with the previously announced planned separation of its wholly owned subsidiary, Centuri Group, Inc., its utility infrastructure business, Centuri Holdings, Inc. ("Centuri"), has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") relating to a proposed initial public offering of its common stock. The timing, number of shares to be offered and the price range for the proposed offering have not yet been determined. Centuri intends to list its common stock on the New York Stock Exchange ("NYSE") under the ticker symbol "CTRI."
UBS Investment Bank, BofA Securities and J.P. Morgan are acting as joint lead book-running managers for the proposed offering. Wells Fargo Securities is acting as a book-running manager for the proposed offering. Baird, KeyBanc Capital Markets and Siebert Williams Shank will act as co-managers for the proposed offering.

Southwest Gas Announces That Centuri Files Public Registration Statement, Intends To List Centuri Group Under 'CTRI' On The NYSE

Southwest Gas Recently Filed Nevada Quarterly Gas Cost Filing, Which Proposes An About 15% Reduction In Gas Cost Component Of Bills From April 1; Filing Will Be Made With Public Utilities Commission Of Nevada In May, To Become Effective July 1

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