Centuri jumps 13% in IPO debut (update)
Seeking Alpha News (Thu, 18-Apr 12:02 PM ET)
Southwest Gas subsidiary, Centuri priced IPO at $21 per share
Seeking Alpha News (Thu, 18-Apr 5:35 AM ET)
Southwest Gas subsidiary - Centuri priced IPO at $21 per share
Seeking Alpha News (Thu, 18-Apr 5:35 AM ET)
PRNewswire (Wed, 17-Apr 6:15 PM ET)
Southwest Gas Announces Launch of Centuri Initial Public Offering Roadshow
PRNewswire (Mon, 8-Apr 4:39 PM ET)
Southwest Gas Announces that Centuri Files Public Registration Statement
PRNewswire (Fri, 22-Mar 4:16 PM ET)
Southwest Gas Holdings, Inc. Reports Fourth Quarter and Full-Year 2023 Financial Results
PRNewswire (Wed, 28-Feb 8:00 AM ET)
Southwest Gas Holdings, Inc. to Report Fourth Quarter 2023 Results on February 28, 2024
PRNewswire (Wed, 28-Feb 5:00 AM ET)
Southwest Gas Holdings Declares Second Quarter 2024 Dividend
PRNewswire (Thu, 22-Feb 5:30 PM ET)
Icahn Enterprises L.P. Announces Management & Financial Update
PRNewswire (Wed, 21-Feb 9:00 AM ET)
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 Hldgs trades on the NYSE stock market under the symbol SWX.
As of April 18, 2024, SWX stock price declined to $73.18 with 766,474 million shares trading.
SWX has a beta of 0.84, meaning it tends to be less sensitive to market movements. SWX has a correlation of 0.16 to the broad based SPY ETF.
SWX has a market cap of $5.24 billion. This is considered a Mid Cap stock.
Last quarter Southwest Gas Hldgs reported $702 million in Revenue and $1.13 earnings per share. This fell short of revenue expectation by $-588 million and exceeded earnings estimates by $.01.
In the last 3 years, SWX stock traded as high as $95.62 and as low as $53.79.
The top ETF exchange traded funds that SWX belongs to (by Net Assets): VTI, IJH, VB, IWM, VBR.
SWX has outperformed the market in the last year with a price return of +28.3% while the SPY ETF gained +22.3%. SWX has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +21.5% and -3.7%, respectively, while the SPY returned +6.1% and -3.8%, respectively.
SWX support price is $72.44 and resistance is $74.70 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SWX stock will trade within this expected range on the day.