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SWX

Southwest Gas Holdings NYSE:SWX Stock Report

Last Price

US$69.75

Market Cap

US$4.7b

7D

-9.1%

1Y

3.0%

Updated

02 Oct, 2022

Data

Company Financials +
SWX fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance2/6
Financial Health0/6
Dividends3/6

SWX Stock Overview

Southwest Gas Holdings, Inc., through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and California.

Southwest Gas Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Southwest Gas Holdings
Historical stock prices
Current Share PriceUS$69.75
52 Week HighUS$95.62
52 Week LowUS$62.58
Beta0.16
1 Month Change-13.17%
3 Month Change-20.74%
1 Year Change2.97%
3 Year Change-23.44%
5 Year Change-10.20%
Change since IPO298.57%

Recent News & Updates

Sep 16

Southwest Gas Grapples With Strategic Review And I See Limited Upside

Summary Southwest Gas Holdings, Inc. is a diversified gas utility with regulated and unregulated arms. There is a reasonable dividend and a long history of dividend raises. Southwest Gas management grapples with a strategic review and options to sell parts of the business while also taking on projects relating to a green future. There is some upside available, but given the relatively conservative dividend yield and the strategic review uncertainties, better options than Southwest Gas may exist. In this article, we examine Southwest Gas Holdings, Inc. (SWX) and examine whether this is a buy. The business is diversified and there is some upside at normalized P/E levels, and it is making movements towards green and renewables. But there are also risks and challenges that we discuss. The company is based in Nevada and has infrastructure and operations that span both regulated and unregulated businesses, providing growth opportunities that solely regulated utilities rarely have. Their regulated operations arm include the main Southwest Gas Corporation, with over two million residential, industrial, and commercial customers in parts of California, Nevada, and Arizona. The recent MountainWest acquisitions (late 2021) added miles of interstate gas transmission over Utah, Colorado, and Wyoming. The Unregulated arm of the business is the Centuri Group that focuses on proving regulated utilities support in building and maintaining networks over North America with their expertise in infrastructure services. The mix provides crucial growth opportunities, with the utilities infrastructure services of Centuri providing strong growth opportunities, relative to the relatively flat distribution revenues (Figure 1). Figure 1. SWX's growth in separate segments (TIKR Terminal) Next, we will look at some challenges facing Southwest Gas, with challenges from the diversified nature of the business, options for spinning off parts of the business, movements towards green power, and a final look at valuation and investment opportunities. Recent challenges facing Southwest Gas Holdings Let us dive into some challenges facing the company. They have been facing some profitability issues. Margins appear to be declining (Figure 2) - not falling off a cliff, but certainly, something for an investor to be mindful of and monitor in coming quarters/years. SWX Operating Margin ((TTM)) data by YCharts Figure 2. Declining margins at SWX Their operational performance seems to suffer at the same time, with other measures of profitability also under pressure (Figure 3). Again, this is something for an investor to be mindful of and monitor. In particular, I find the ROIC measure to be low, to begin with (see a comparison with peers, below) and so further declines are concerning. SWX Return on Equity data by YCharts Figure 3. Declining profitability at SWX There are some concerns about the level of debt. The recent MountainWest acquisition required issuing additional equity and had a $2 billion cost and increased leverage. News of the acquisition of Questar Pipeline (then, now renamed MountainWest) led Carl Icahn to call for SWX to drop the acquisition. Icahn has a shareholder. And, of course, he is also keen on spinning off the infrastructure services (including construction) unit and improving the SWX balance sheet. In October 2021, Fitch placed SWX on Rating Watch Negative following the news of the Questar Pipeline acquisition. In April 2022, Fitch downgraded SWX from BBB+ to BBB. In 2022, there has been a strategic review, as outlined in the recent earnings call. In essence, which parts of the business should be retained and which spun off? This creates some uncertainty - which we return to later. Why an income investor would like Southwest Gas Holdings There is a lot to like here for income investors. Seeking Alpha notes SWX has a forward dividend yield of 3.01% and a five-year DGR of 11.74%. There is a very long history of dividend payments and increases in this case (Figure 4). Figure 4. SWX's dividend increases and history (Seeking Alpha) Opportunities for Southwest Gas to explore green options Southwest Gas operates in a diverse geographic area and this has provided the chance to explore opportunities with hydrogen. They noted on 13 September that they were beginning the Truckee Hydrogen Project: Over an 18-month period, the Project will test a blend of 5% to 20% hydrogen with natural gas, flowing through plastic and steel pipelines. The hydrogen used in this test is created through the process called electrolysis which separates hydrogen from oxygen in water - a low- to no-carbon generating process that releases oxygen beneficially into our atmosphere and stores hydrogen for use, further reducing GHG emissions. This Project aims to provide critical data that will help the creation of the nation's first hydrogen-injection standard for natural gas operators. In the short-term, I do not expect these types of projects to make much difference, but the projects will be crucial in the long term. There have been recent moves by some gas utilities to become 'more green' and embrace a lower carbon impact. They have achieved this by including hydrogen in the mix. For example, in early 2022, Chesapeake Utilities (CPK) experimented with a hydrogen and gas mix to reduce emissions in power generation. Doing this effectively will be non-trivial from an engineering perspective and much work will be required. In contrast, SWX has some exposure to renewables through their infrastructure Centuri business, with $125 million of wind power projects lined up. However, these are still limited steps in the right direction with a multi-year (decade!) timeframe for success. Can Southwest Gas go green - yes, but if this is important to you, would a pure renewable play be a better choice? (See, for instance, my coverage of Atlantica Sustainable (AY)). In this analysis, we can see that Southwest is a gas utility and a dividend payer that will never be as green as a pure renewable utility. Peer comparison For the comparison with peers, I've used a range of gas utilities: Chesapeake Utilities New Fortress Energy (NFE) NiSource (NI) New Jersey Resources (NJR) Northwest Natural Holding (NWN) ONE Gas (OGS) RGC Resources (RGCO) Spire (SR); I have previously covered Spire. UGI (UGI) In terms of valuation, Southwest Gas appears to be on the higher end of the valuation. Table 1 includes the top two metrics in each column bolded. We can see that SWX has one of the lowest EV/Sales levels, below the average of 3.8x. The EV/EBITDA is on the high side, coming in fourth at 14.7x, and a reasonable way above the average. The Price / Sales appears more favorable, where SWX again is one of the lower valuations, at 1.2x compared to the average of 1.7x. Table 1. Southwest Gas compared to peers over multiple valuation metrics Ticker EV / Sales (LTM) EV / EBITDA Price / Sales (LTM) CPK 4.8 13.7 3.6 NFE 7.6 41.1 5.6 NI 4.3 11.8 2.3 NJR 2.7 15.3 1.6 NWN 3.2 11.4 1.6 OGS 3.7 15.8 1.9 RGCO 3.9 -22.5 2.2 SR 3.6 12.5 1.6 SWX 2.6 14.7 1.2 UGI 1.5 5.3 0.9 Summary 3.8 11.9 1.7 Source: Author, with data from Stock Rover How does SWX stack up against peers in terms of other metrics? The answer is not particularly favorable most times. In Table 2, I present a comparison of some of the key metrics I focus on. The divine yield is attractive, yes, but is about average for this peer group. SWX has a good track record of dividend payments, while some of its peers do not. The final two columns give me pause for concern; I like the Piotroski F-Score as a fast method of assessing the viability of an investment. Here, SWX is quite lower than its peers with the lowest score of 3, below most of them that sit at 6 or 7. The ROIC is, similarly, lower than peers (as the second lowest value) with UGI having a much higher ROIC value. Table 2. Southwest Gas compared with peers Ticker Div. Yield Consecutive Div. Growth Years Piotroski F Score ROIC CPK 1.7% 10+ 6 7.0% NFE 0.7% 1 7 6.0% NI 3.3% 5 6 5.8% NJR 3.3% 10+ 6 6.2% NWN 4.0% 10+ 5 5.0% OGS 3.1% 7 6 4.1% RGCO 3.7% 10+ 4 -6.7% SR 4.0% 10+ 6 4.7% SWX 3.1% 10+ 3 3.3% UGI 3.8% 10+ 6 13.2% Summary 3.1% 10+ 6 4.9% Outlook for Southwest Gas as an investment The outlook broadly looks positive for Southwest. Analysts expect revenue to rise in 2022, and then increase at a slower pace in 2023-2026 (Figure 5). Figure 5. SWX's rising revenue and EBITDA (TIKR Terminal) Analysts' expect dividends and EPS rises to continue in coming years (Figure 6). So, as an investment to generate income, SWX looks attractive. Figure 6. Historic EPS and dividends and analysts' estimates presented beyond the vertical line (TIKR Terminal) Valuation for Southwest Gas and investment opportunity To assess the valuation and opportunities for an investment in Southwest, I will turn to FAST Graphs as it allows me to use analysts estimates of earnings and expectations of a P/E multiple to assess likely returns if prices reach that multiple and that EPS level. This enables an assessment of likely outcomes, using consensus estimates and historically achieved P/E ratios to assess what would happen if prices move in line with the expectations. The FAST Graphs analyst scorecard suggests an 85% hit (mostly!) or beat over both one-year estimates (at the 10% margin of error) and two-years (at the 20% margin of error). The analyst successes on the scorecard suggest that we can rely on the estimates in the following calculations. If prices continue to be at the normalized P/E of 20.16x (historical P/E over the last five years), then there is an upside and the FAST Graphs calculator suggests a total rate of return of 32%, an annualized RoR of 12.9% (Figure 7). Figure 7. Analysts' estimates for EPS and P/E multiples allowing calculation of possible returns (FAST Graphs) FAST Graphs enables us to evaluate different outcomes quickly and I often run more conservative scenarios. If the multiples contract and a P/E of only 15x is achieved at the end of 2024 (Figure 8), this implies a total RoR of 0.15%, or a negligible annualized RoR! This outcome is, in my opinion, conservative and it implies more upside than downside in this situation. Figure 8. Analysts' expectations and outcome if P/E is only 15x (FAST Graphs) If the review process results in a spin-off of parts of Southwest, this would change the outlook. A summary of my thoughts on Southwest Gas Considering some of my recent analyses, I thought a brief summary section might be useful when my thoughts were for a Hold or tentatively edging into a Buy. Business - diversification could offer stability - but does a utility benefit from this? A lower Piotroski F-Score than peers. Valuation - no margin of safety but not over-priced. Some upside here is based on expected revenue growths if normalized P/E is maintained.

Shareholder Returns

SWXUS Gas UtilitiesUS Market
7D-9.1%-7.2%-2.5%
1Y3.0%-2.1%-23.2%

Return vs Industry: SWX exceeded the US Gas Utilities industry which returned -2.1% over the past year.

Return vs Market: SWX exceeded the US Market which returned -23.2% over the past year.

Price Volatility

Is SWX's price volatile compared to industry and market?
SWX volatility
SWX Average Weekly Movement4.9%
Gas Utilities Industry Average Movement3.3%
Market Average Movement6.8%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

Stable Share Price: SWX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: SWX's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
193112,720Karen Hallerhttps://www.swgasholdings.com

Southwest Gas Holdings, Inc., through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage segments. It also provides trenching, installation, and replacement of underground pipes, as well as maintenance services for energy distribution systems.

Southwest Gas Holdings Fundamentals Summary

How do Southwest Gas Holdings's earnings and revenue compare to its market cap?
SWX fundamental statistics
Market CapUS$4.67b
Earnings (TTM)US$147.97m
Revenue (TTM)US$4.39b

31.6x

P/E Ratio

1.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SWX income statement (TTM)
RevenueUS$4.39b
Cost of RevenueUS$3.49b
Gross ProfitUS$896.63m
Other ExpensesUS$748.66m
EarningsUS$147.97m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.21
Gross Margin20.44%
Net Profit Margin3.37%
Debt/Equity Ratio170.1%

How did SWX perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

101%

Payout Ratio

Does SWX pay a reliable dividends?

See SWX dividend history and benchmarks
When do you need to buy SWX by to receive an upcoming dividend?
Southwest Gas Holdings dividend dates
Ex Dividend DateNov 14 2022
Dividend Pay DateDec 01 2022
Days until Ex dividend42 days
Days until Dividend pay date59 days

Does SWX pay a reliable dividends?

See SWX dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is SWX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SWX?

Other financial metrics that can be useful for relative valuation.

SWX key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.4x
Enterprise Value/EBITDA13.3x
PEG Ratio2.1x

Price to Earnings Ratio vs Peers

How does SWX's PE Ratio compare to its peers?

SWX PE Ratio vs Peers
The above table shows the PE ratio for SWX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average21x
SJI South Jersey Industries
24.5x11.9%US$4.1b
BIPC Brookfield Infrastructure
30xn/aUS$4.6b
OGS ONE Gas
18x7.9%US$3.8b
NFG National Fuel Gas
11.4x25.0%US$5.6b
SWX Southwest Gas Holdings
31.6x15.1%US$4.7b

Price-To-Earnings vs Peers: SWX is expensive based on its Price-To-Earnings Ratio (31.6x) compared to the peer average (21x).


Price to Earnings Ratio vs Industry

How does SWX's PE Ratio compare vs other companies in the Global Gas Utilities Industry?

Price-To-Earnings vs Industry: SWX is expensive based on its Price-To-Earnings Ratio (31.6x) compared to the Global Gas Utilities industry average (13.7x)


Price to Earnings Ratio vs Fair Ratio

What is SWX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SWX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio31.6x
Fair PE Ratio24.7x

Price-To-Earnings vs Fair Ratio: SWX is expensive based on its Price-To-Earnings Ratio (31.6x) compared to the estimated Fair Price-To-Earnings Ratio (24.7x).


Share Price vs Fair Value

What is the Fair Price of SWX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SWX ($69.75) is trading below our estimate of fair value ($112.71)

Significantly Below Fair Value: SWX is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Southwest Gas Holdings forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


15.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SWX's forecast earnings growth (15.1% per year) is above the savings rate (1.9%).

Earnings vs Market: SWX's earnings (15.1% per year) are forecast to grow faster than the US market (14.8% per year).

High Growth Earnings: SWX's earnings are forecast to grow, but not significantly.

Revenue vs Market: SWX's revenue (4.4% per year) is forecast to grow slower than the US market (7.7% per year).

High Growth Revenue: SWX's revenue (4.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SWX's Return on Equity is forecast to be low in 3 years time (8.6%).


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Past Performance

How has Southwest Gas Holdings performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


3.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SWX has high quality earnings.

Growing Profit Margin: SWX's current net profit margins (3.4%) are lower than last year (7.7%).


Past Earnings Growth Analysis

Earnings Trend: SWX's earnings have grown by 3.4% per year over the past 5 years.

Accelerating Growth: SWX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SWX had negative earnings growth (-44%) over the past year, making it difficult to compare to the Gas Utilities industry average (10.2%).


Return on Equity

High ROE: SWX's Return on Equity (4.3%) is considered low.


Discover strong past performing companies

Financial Health

How is Southwest Gas Holdings's financial position?

Financial Health Score

0/6

Financial Health Score 0/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SWX's short term assets ($1.6B) do not cover its short term liabilities ($2.4B).

Long Term Liabilities: SWX's short term assets ($1.6B) do not cover its long term liabilities ($7.0B).


Debt to Equity History and Analysis

Debt Level: SWX's net debt to equity ratio (164.1%) is considered high.

Reducing Debt: SWX's debt to equity ratio has increased from 99% to 170.1% over the past 5 years.

Debt Coverage: SWX's debt is not well covered by operating cash flow (6.1%).

Interest Coverage: SWX's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet


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Dividend

What is Southwest Gas Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.55%

Current Dividend Yield

Upcoming Dividend Payment

TodayOct 03 2022Ex Dividend DateNov 14 2022Dividend Pay DateDec 01 202217 days from Ex DividendBuy in the next 42 days to receive the upcoming dividend

Dividend Yield vs Market

Southwest Gas Holdings Dividend Yield vs Market
How does Southwest Gas Holdings dividend yield compare to the market?
SegmentDividend Yield
Company (Southwest Gas Holdings)3.6%
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Gas Utilities)3.5%
Analyst forecast in 3 Years (Southwest Gas Holdings)3.9%

Notable Dividend: SWX's dividend (3.56%) is higher than the bottom 25% of dividend payers in the US market (1.67%).

High Dividend: SWX's dividend (3.56%) is low compared to the top 25% of dividend payers in the US market (4.73%).


Stability and Growth of Payments

Stable Dividend: SWX's dividends per share have been stable in the past 10 years.

Growing Dividend: SWX's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (100.8%), SWX's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: SWX is paying a dividend but the company has no free cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

4.5yrs

Average management tenure


CEO

Karen Haller (58 yo)

0.42yr

Tenure

US$2,066,543

Compensation

Ms. Karen S. Haller has been Chief Legal & Administrative Officer of Southwest Gas Holdings, Inc. since May 2018 and serves as its Director since May 12, 2022 and served as Executive Vice President since M...


CEO Compensation Analysis

Karen Haller's Compensation vs Southwest Gas Holdings Earnings
How has Karen Haller's remuneration changed compared to Southwest Gas Holdings's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$148m

Mar 31 2022n/an/a

US$180m

Dec 31 2021US$2mUS$494k

US$201m

Sep 30 2021n/an/a

US$234m

Jun 30 2021n/an/a

US$264m

Mar 31 2021n/an/a

US$277m

Dec 31 2020US$3mUS$465k

US$232m

Sep 30 2020n/an/a

US$220m

Jun 30 2020n/an/a

US$208m

Mar 31 2020n/an/a

US$192m

Dec 31 2019US$2mUS$437k

US$214m

Sep 30 2019n/an/a

US$192m

Jun 30 2019n/an/a

US$199m

Mar 31 2019n/an/a

US$198m

Dec 31 2018US$1mUS$403k

US$182m

Sep 30 2018n/an/a

US$209m

Jun 30 2018n/an/a

US$207m

Mar 31 2018n/an/a

US$204m

Dec 31 2017US$2mUS$366k

US$194m

Sep 30 2017n/an/a

US$163m

Jun 30 2017n/an/a

US$155m

Mar 31 2017n/an/a

US$146m

Dec 31 2016US$1mUS$343k

US$152m

Sep 30 2016n/an/a

US$153m

Jun 30 2016n/an/a

US$146m

Mar 31 2016n/an/a

US$142m

Dec 31 2015US$967kUS$319k

US$138m

Compensation vs Market: Karen's total compensation ($USD2.07M) is below average for companies of similar size in the US market ($USD6.89M).

Compensation vs Earnings: Karen's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: SWX's management team is considered experienced (4.5 years average tenure).


Board Members

Experienced Board: SWX's board of directors are considered experienced (3.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

NYSE:SWX Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
02 Sep 22BuyUS$53,273,248Icahn Capital LPCompany672,666US$79.89
15 Aug 22BuyUS$54,566,479Icahn Capital LPCompany710,988US$78.12
13 Jun 22SellUS$121,194Jose CardenasIndividual1,360.06US$89.11
02 Jun 22SellUS$852,110Eric DeBonisIndividual9,200US$93.19
31 May 22SellUS$62,602Lori ColvinIndividual675US$92.78
27 May 22SellUS$359,799Lori ColvinIndividual3,846.23US$93.64

Ownership Breakdown

What is the ownership structure of SWX?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders588,5350.9%
General Public5,088,9227.6%
Institutions61,329,76591.5%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.4%.


Top Shareholders

Top 25 shareholders own 71.79% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
14.34%
BlackRock, Inc.
9,608,859$670.2m-5.24%0.02%
9.93%
The Vanguard Group, Inc.
6,655,976$464.3m0.14%0.01%
9.67%
Icahn Capital LP
6,478,654$451.9m26.95%2.31%
4.54%
T. Rowe Price Group, Inc.
3,041,768$212.2m-14.11%0.03%
3.19%
State Street Global Advisors, Inc.
2,139,232$149.2m6.43%0.01%
2.95%
Nomura Holdings Inc, Securities & Investment Arm
1,977,780$138.0m7%0.78%
2.69%
GAMCO Investors, Inc.
1,804,006$125.8m-2.38%0.56%
2.53%
Fuller & Thaler Asset Management, Inc.
1,693,688$118.1m-35.1%0.87%
2.37%
Brookfield Asset Management Inc.
1,585,670$110.6m0%0.32%
2.15%
AllianceBernstein L.P.
1,442,677$100.6m-6.02%0.04%
1.85%
Geode Capital Management, LLC
1,237,973$86.3m7.1%0.01%
1.64%
Zimmer Partners, LP
1,095,590$76.4m-45.22%1.73%
1.56%
Principal Global Investors, LLC
1,044,533$72.9m17.68%0.05%
1.48%
Northern Trust Global Investments
988,751$69.0m7.99%0.01%
1.47%
Macquarie Investment Management Business Trust
984,172$68.6m0.39%0.08%
1.26%
BNY Mellon Asset Management
845,128$58.9m-2.5%0.01%
1.11%
Cohen & Steers Capital Management, Inc.
744,161$51.9m-9.69%0.11%
1.05%
Franklin Resources, Inc.
702,838$49.0m0.21%0.02%
0.99%
Norges Bank Investment Management
666,098$46.5m0%0.01%
0.9%
FMR LLC
602,133$42.0m31.74%no data
0.9%
Citadel Advisors LLC
601,698$42.0m-17.19%0.07%
0.88%
Dimensional Fund Advisors LP
592,458$41.3m-4.59%0.01%
0.81%
Vaughan Nelson Investment Management, L.P.
543,475$37.9m-7.57%0.54%
0.78%
Charles Schwab Investment Management, Inc.
523,597$36.5m-2.07%0.01%
0.75%
Wellington Management Group LLP
501,377$35.0m2360.63%0.01%

Company Information

Southwest Gas Holdings, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Southwest Gas Holdings, Inc.
  • Ticker: SWX
  • Exchange: NYSE
  • Founded: 1931
  • Industry: Gas Utilities
  • Sector: Utilities
  • Implied Market Cap: US$4.674b
  • Shares outstanding: 67.01m
  • Website: https://www.swgasholdings.com

Number of Employees


Location

  • Southwest Gas Holdings, Inc.
  • 8360 South Durango Drive
  • Post Office Box 98510
  • Las Vegas
  • Nevada
  • 89193-8510
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SWXNYSE (New York Stock Exchange)YesCommon StockUSUSDJul 1979
SZRDB (Deutsche Boerse AG)YesCommon StockDEEURJul 1979

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/02 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.