SWX Stock Summary and Trading Ideas (Southwest Gas Hldgs | NYSE:SWX)

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 November 1, 2024, SWX stock price declined to $72.05 with 160,228 million shares trading.

SWX has a beta of 0.73, meaning it tends to be less sensitive to market movements. SWX has a correlation of 0.15 to the broad based SPY ETF.

SWX has a market cap of $5.16 billion. This is considered a Mid Cap stock.

Last quarter Southwest Gas Hldgs reported $1 billion in Revenue and $.31 earnings per share. This fell short of revenue expectation by $-18 million and missed earnings estimates by -$.17.

In the last 3 years, SWX 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, IWM, VB, DVY.

SWX has underperformed the market in the last year with a price return of +27.2% while the SPY ETF gained +38.2%. SWX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -2.0% and -3.9%, respectively, while the SPY returned +4.0% and -1.9%, respectively.

SWX support price is $72.26 and resistance is $74.24 (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 shares will trade within this expected range on the day.