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LAS VEGAS—Robert J. Stefani, the Senior Vice President and Chief Financial Officer of Southwest Gas Holdings, Inc. (NYSE:SWX), sold 2,000 shares of the company’s common stock on March 28. The shares were sold at a price of $72.55 each, resulting in a total transaction value of $145,100. Following this sale, Stefani holds 31,664.708 shares directly. According to InvestingPro data, the stock currently trades at $71.80, with analysts setting price targets between $69 and $84.
The transaction was disclosed in a filing with the Securities and Exchange Commission on March 31. Southwest Gas Holdings, headquartered in Las Vegas, operates in the natural gas transmission and distribution sector. The company maintains a strong financial profile with a GOOD overall health rating from InvestingPro, and has impressively maintained dividend payments for 55 consecutive years, currently yielding 3.45%. For deeper insights into insider transactions and comprehensive analysis, including 12+ additional ProTips, explore the full Pro Research Report available on InvestingPro.
In other recent news, Southwest Gas Holdings Inc. reported its fourth-quarter 2024 earnings, revealing an earnings per share (EPS) of $1.39, which exceeded analyst forecasts of $1.27. The company met revenue expectations with $1.27 billion, indicating a stable financial performance. Southwest Gas Holdings also announced strategic investments in infrastructure, planning $4.3 billion in capital expenditures over the next five years. Despite these positive earnings results, the company’s stock experienced a decline as investors considered the broader market conditions. Looking forward, Southwest Gas Holdings has provided utility net income guidance of $265-$275 million for 2025, with an anticipated earnings growth of 8-9% over 2024. The company plans an $880 million capital expenditure in 2025 and expects a compound annual growth rate of 6-8% for its rate base from 2025 to 2029. Additionally, the company continues to monitor market conditions regarding the separation of Centuri, with strategic options still under evaluation.
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