BofA warns Fed risks policy mistake with early rate cuts
Southwest Gas Holdings (NYSE:SWX) SVP/CFO/Controller Robert J. Stefani, recently sold 7,000 shares of common stock at a price of $75.0, in a transaction valued at $525,000. Following the transaction, Stefani directly owns 24,664.708 shares of Southwest Gas Holdings, which currently trades near $74.39. The utility company, with a market capitalization of $5.3 billion, maintains a solid 3.3% dividend yield and has consistently paid dividends for 55 consecutive years. According to InvestingPro analysis, the stock appears overvalued at its current P/E ratio of 23.7x.For deeper insights into insider trading patterns and comprehensive financial analysis, including 5 additional ProTips and a detailed Pro Research Report covering what really matters about SWX, visit InvestingPro.
In other recent news, Southwest Gas Holdings reported its first-quarter 2025 earnings, surpassing earnings per share (EPS) expectations but missing revenue forecasts. The company posted an EPS of $1.65, exceeding the anticipated $1.42, while revenue came in at $1.3 billion compared to the forecasted $1.53 billion. Despite this mixed performance, Southwest Gas reaffirmed its 2025 net income guidance of $265-$275 million. In a strategic move, Southwest Gas conducted a secondary offering of 9 million shares of Centuri and a $50 million private placement to Icahn Investors, reducing its ownership in Centuri to approximately 66%. This transaction generated roughly $225 million in net proceeds, which are expected to cover the company’s equity needs through 2025 to 2026. Analyst firm BofA Securities upgraded Southwest Gas from Underperform to Neutral, raising the price target to $74, citing the company’s efforts to address concerns related to its pending separation from Centuri and a more favorable regulatory environment in Arizona. These developments reflect Southwest Gas’s ongoing strategic maneuvers and financial positioning in the current market landscape.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.