Southwest Gas (SWX) Gets a Hold Rating from Wells Fargo


In a report released yesterday, Sarah Akers from Wells Fargo maintained a Hold rating on Southwest Gas (SWX). The company’s shares closed last Thursday at $62.87.

According to TipRanks.com, Akers is a 4-star analyst with an average return of 8.5% and a 77.0% success rate. Akers covers the Utilities sector, focusing on stocks such as South Jersey Industries, Pinnacle West Capital, and Chesapeake Utilities.

Southwest Gas has an analyst consensus of Moderate Sell, with a price target consensus of $60.00.

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Based on Southwest Gas’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $791 million and net profit of $18.27 million. In comparison, last year the company earned revenue of $725 million and had a net profit of $5.35 million.

Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is neutral on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

uthwest Gas Holdings, Inc. engages in the energy business. It operates through the following segments: Natural Gas Operations and Utility Infrastructure Services. The Natural Gas Operations segment purchases, distributes, and transports natural gas in Arizona, California, and Nevada. The Utility Infrastructure Services segment enterprise to delivering a diverse array of solutions to North America’s gas and electric providers. The company was founded in March 1931 and is headquartered in Las Vegas, NV.

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