Stock market today: S&P 500 drops for fifth day as focus shifts to Powell’s speech
Southwest Gas Holdings Inc stock (market cap: $5.74B) reached a new 52-week high, hitting 80.32 USD. This milestone reflects a significant upward trend for the company, which has delivered a robust 14.7% year-to-date return. According to InvestingPro analysis, the stock currently trades at a P/E ratio of 29.6x and appears overvalued relative to its Fair Value. The achievement of a 52-week high indicates strong investor confidence and positive market sentiment towards Southwest Gas Holdings, which has maintained dividend payments for 55 consecutive years and currently offers a 3.11% yield. This upward movement in the stock price is notable given the broader economic conditions and highlights the company’s resilience and growth potential in the energy sector. InvestingPro has identified 7 additional key insights about the company’s performance and outlook, available to subscribers.
In other recent news, Southwest Gas Holdings Inc. reported its second-quarter earnings for 2025, surpassing earnings per share (EPS) expectations with a reported EPS of $0.53 against a forecast of $0.39. Despite this positive earnings surprise, the company’s revenue did not meet projections, totaling $1.12 billion compared to the anticipated $1.17 billion. This revenue shortfall has raised some concerns among investors regarding future growth prospects. Additionally, Southwest Gas Holdings has priced a secondary public offering of 15 million existing shares of Centuri Holdings Inc. at $19.50 per share. This offering includes an option for underwriters to purchase up to an additional 2.25 million shares within 30 days. Southwest Gas is acting as the selling stockholder in this transaction. These developments reflect ongoing strategic and financial maneuvers by Southwest Gas Holdings and its subsidiary, Centuri Holdings.
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