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Southwest Gas (SWX) is a Top-Ranked Value Stock: Should You Buy?
ZACKSยท 2025-06-27 14:46
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style Scores? The Z ...
Why Southwest Gas Stock Deserves a Spot in Your Portfolio for Now
ZACKSยท 2025-06-23 14:41
Key Takeaways SWX's EPS estimate for 2025 rose 5.1% to $3.72, with long-term growth projected at 9.9%. Southwest Gas plans $4.3B in capital investments from 2025-2029 to support expansion and upgrades. SWX added 40,000 new meter sets in 12 months, with 1.4% annual customer growth expected through 2029.Southwest Gas (SWX) focuses on consistent investments to strengthen its infrastructure, which has played a critical role in expanding the company's operations. Southwest Gas is also gaining from consistent c ...
Why Is Southwest Gas (SWX) Up 6.3% Since Last Earnings Report?
ZACKSยท 2025-06-11 16:36
It has been about a month since the last earnings report for Southwest Gas (SWX) . Shares have added about 6.3% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Southwest Gas due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.How Have Estimates Been Moving Since Then?It ...
MDU or SWX: Which Is a Better Utility Gas Distribution Stock?
ZACKSยท 2025-06-09 15:31
Industry Overview - Natural gas distribution pipelines are essential for delivering natural gas to consumers, with nearly 3 million pipelines in the U.S. [1] - Rising domestic natural gas output is driven by increased exports and public awareness of emissions reduction [2] - The natural gas sector requires consistent funding for maintenance and repair of aging infrastructure, with anticipated interest rate cuts expected to lower capital servicing costs [3] Demand and Growth Projections - Natural gas consumption for electricity generation is projected to contribute nearly 40% in 2025 and 2026 [5] - U.S. natural gas exports are expected to grow by 3.4 billion cubic feet per day (Bcf/d) in 2025 and 2.1 Bcf/d in 2026, with export volumes increasing by 8% in 2025 and 7% in 2026 [5] Company Comparisons - MDU Resources has a market capitalization of $3.43 billion, while Southwest Gas has $5.11 billion [6] - MDU's 2025 earnings per share (EPS) estimate has increased by 1.1% to 95 cents, while Southwest Gas's EPS estimate has increased by 4.8% to $3.72 [7] - MDU has a return on equity (ROE) of 9.86%, compared to Southwest Gas's 6.76%, both above the industry average of 9.24% [8] Financial Metrics - MDU has a lower debt-to-capital ratio of 44.44% compared to Southwest Gas's 57.36%, with the industry average at 50.49% [11] - MDU's stock has lost 0.5% over the past three months, while Southwest Gas has declined by 2.3% [10][12] - MDU's dividend yield is 3.1%, while Southwest Gas's is 3.49%, both exceeding the S&P 500 average of 1.24% [13] Valuation - Both companies are trading at a premium on a forward 12-month P/E basis, with MDU at 17.16X and Southwest Gas at 17.98X, compared to the industry average of 14.84X [14] Conclusion - Both MDU Resources and Southwest Gas are positioned well for growth, but MDU is favored due to its superior ROE, debt management, and stock performance [15]
Great Basin Expansion Project Shows Strong Interest for Natural Gas Expansion in Northern Nevada
Prnewswireยท 2025-06-05 21:36
Core Viewpoint - Southwest Gas Holdings, Inc. announces the successful closure of the Binding Open Season for the Great Basin Gas Transmission Company's 2028 Expansion Project, indicating high demand for natural gas in Northern Nevada [2][3]. Project Details - The Binding Open Season was initially set to close on April 30, 2025, but was extended to May 28, 2025, due to strong interest from shippers [4]. - The project aims to provide expanded firm transportation service starting November 1, 2028, with a minimum twenty-year term for each transportation service agreement [4]. - The anticipated expansion rate is between $14 and $17 per Dth per month, depending on the actual contracted capacity [4]. Estimated Impacts - The project is expected to provide incremental capacity totaling approximately 1.25 billion cubic feet per day [8]. - The estimated capital investment opportunity for the project ranges from approximately $800 million to $1.2 billion [8]. - The impacts of the project are contingent upon successful negotiations of binding agreements and final approval from the Federal Energy Regulatory Commission (FERC) [3][6]. Regional Importance - The expansion is projected to enhance the availability of reliable, on-demand energy in Northern Nevada, supporting economic development in the region [5]. Company Overview - Great Basin Gas Transmission Company operates an interstate pipeline system from the Idaho-Nevada border to the Nevada-California border and is subject to FERC jurisdiction under the Natural Gas Act [7]. - Southwest Gas Holdings, Inc. serves over 2 million customers across Arizona, Nevada, and California, focusing on safe and reliable natural gas service [9].
3 Utility Stocks to Add to Your Portfolio as Market Volatility Lingers
ZACKSยท 2025-06-05 14:26
Key Takeaways SWX, NJR, and TELNY benefit from investor rotation into stable, dividend-paying utility stocks. The expected earnings growth rate for SWX, NJR and TELNY is 17.7%, 9.9% and 17.1%, respectively. All the stocks carry a strong VGM Score and a favorable Zacks Rank, signaling strong growth and value.Utility stocks are less affected by market volatility because of their intrinsic defensive nature. They protect investments when things are not going well. Whatever the state of the economy, a househol ...
Is Southwest Gas (SWX) Stock Undervalued Right Now?
ZACKSยท 2025-06-02 14:46
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and ...
Southwest Gas Holdings Announces Closing of Secondary Public Offering of Centuri Holdings, Inc. Common Stock
Prnewswireยท 2025-05-22 20:15
LAS VEGAS, May 22, 2025 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas Holdings" or the "Company") today announced the closing of its underwritten secondary public offering of Centuri Holdings, Inc. (NYSE: CTRI) ("Centuri") common stock (the "Offering"). Southwest Gas Holdings, as the selling stockholder, sold 10,350,000 existing shares of Centuri's common stock at a public offering price of $17.50 per share (the "Offering Price"), including the underwriters' full exercise of their ...
Southwest Gas Holdings Announces Pricing of Secondary Public Offering of Centuri Holdings, Inc. Common Stock
Prnewswireยท 2025-05-21 03:39
Core Viewpoint - Southwest Gas Holdings, Inc. is conducting a secondary public offering of 9,000,000 shares of Centuri Holdings, Inc. at a price of $17.50 per share, with an additional option for underwriters to purchase 1,350,000 shares [1][2] Group 1: Offering Details - The offering is expected to close on May 22, 2025, subject to customary closing conditions [1] - Icahn Partners and Icahn Partners Master Fund LP will purchase $50 million in shares of Centuri's common stock in a concurrent private placement at the same price per share as the public offering [2] - The shares are being offered under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission [4] Group 2: Underwriters and Management - J.P. Morgan, UBS Investment Bank, and Wells Fargo Securities are acting as joint lead book-running managers for the offering [3] - BofA Securities and Moelis & Company are serving as book-running managers, with additional co-managers including Baird, KeyBanc Capital Markets, and others [3] Group 3: Company Background - Southwest Gas Holdings, Inc. operates through its subsidiary Southwest Gas Corporation, providing natural gas services to over 2 million customers in Arizona, Nevada, and California [6] - Centuri Holdings, Inc. partners with regulated utilities to build and maintain energy networks across the U.S. and Canada [7]
Southwest Gas Holdings Announces Launch of Secondary Public Offering of Centuri Holdings, Inc. Common Stock
Prnewswireยท 2025-05-20 20:51
Core Viewpoint - Southwest Gas Holdings, Inc. is initiating a secondary public offering of 9,000,000 shares of Centuri Holdings, Inc. common stock, with an option for underwriters to purchase an additional 1,350,000 shares [1][2] Group 1: Offering Details - The offering includes 9,000,000 existing shares of Centuri's common stock, with a potential additional purchase option for underwriters [1] - Icahn Partners and Icahn Partners Master Fund LP will concurrently purchase $50 million in shares from Southwest Gas Holdings at the offering price [2] - The shares are being offered under an effective shelf registration statement filed with the SEC, and a preliminary prospectus supplement will be available [3] Group 2: Company Background - Southwest Gas Holdings operates through its subsidiary, Southwest Gas Corporation, providing natural gas services to over 2 million customers in Arizona, Nevada, and California [5] - Centuri Holdings, Inc. is a utility infrastructure services company that collaborates with regulated utilities to maintain energy networks across the U.S. and Canada [6]