Southwest Gas Corporation Commo (NYSE:SWX):
Southwest Gas Declares Fourth Quarter Dividend.
In the market the company is trading down by -0.30 percent from yesterday’s close.
The company also recently announced a dividend for shareholders which was paid on Thursday September 1st, 2016. The dividend was $0.450 per share for the quarter or $1.80 annualized. This dividend represents a yield of $2.46. The ex-dividend date was Thursday the 11th of August 2016.
Company chares are trading at $72.00 which is marginally higher than the 50 day moving average of $71.35 and a bit higher than the 200 day moving average of $70.83. The 50 day moving average moved up $0.65 and the 200 day average was up $1.17.
The P/E ratio is 23.51 and the market value is 3.42B. In the latest earnings report the EPS was $3.06 and is projected to be $3.17 for the current year with 47,481,000 shares outstanding. Next quarter’s EPS is expected be $1.39 with next year’s EPS anticipated to be $3.43.
Several ratings analysts have released ratings on Southwest Gas Corporation Commo of late. On July 25, 2016 the stock rating was rated “Underperform” by Jefferies which was a cut from the previous “Hold” rating. On May 31 the stock rating was downgraded to “Hold” from “Buy” by analysts at Argus Research.
On March 30, 2016 BB&T Capital started covering SWX with an initial rating of “Hold”. On October 8 the company was changed to a “Hold” in a report from Jefferies a cut from the previous “Buy” rating.
On July 24 the company was upgraded from “Hold” to “Buy” in a report issued by Argus Research. On June 17 the company was upgraded to “Buy” from “Hold” in a report from Jefferies.