Southwest Gas Holdings, Inc. (SWX) is a utility that distributes and transports natural gas through its subsidiaries in Arizona, Nevada, and California. Customers in these states are expressing dissatisfaction with SWX's explanation for high gas bills, as it does not align with the state of the natural gas market. [61e28afc]
In addition to customer concerns, SWX is now facing analyst coverage initiation and mixed ratings from StockNews.com. Equities research analysts at StockNews.com have initiated coverage on Southwest Gas Holdings with a 'hold' rating. Other analysts have also weighed in on the company, with Scotiabank downgrading Southwest Gas Holdings from a 'sector outperform' rating to a 'sector perform' rating and lifting their target price for the stock. Susquehanna lifted their target price on Southwest Gas Holdings and gave the stock a 'neutral' rating. Piper Sandler reiterated a 'neutral' rating and issued a target price on the stock. Mizuho lifted their target price on Southwest Gas Holdings and gave the stock a 'neutral' rating. Stifel Nicolaus raised their price objective on Southwest Gas Holdings and gave the company a 'hold' rating. The stock currently has an average rating of 'Hold' and an average price target. [99465bbc] [61e28afc]
Despite these mixed ratings, Southwest Gas Holdings last reported earnings on May 2nd, with earnings per share for the quarter, missing analysts' consensus estimates. The company's revenue for the quarter was compared to the consensus estimate. Hedge funds and other institutional investors own a significant portion of the company's stock. [99465bbc]