Southwest Gas Holdings, Inc. (SWX)’s Bullish Wedge Up Points to Lower Stock Risks

July 14, 2018 - By Nellie Frank

Investors sentiment increased to 1.27 in Q1 2018. Its up 0.13, from 1.14 in 2017Q4. It improved, as 20 investors sold Southwest Gas Holdings, Inc. shares while 70 reduced holdings. 36 funds opened positions while 78 raised stakes. 38.76 million shares or 3.93% more from 37.29 million shares in 2017Q4 were reported.
State Street Corporation accumulated 1.63M shares. Cohen & Steers Incorporated holds 1.24 million shares or 0.26% of its portfolio. Acadian Asset Management Ltd Liability Co holds 0% or 253 shares in its portfolio. Liberty Mutual Grp Asset Mgmt holds 0.02% of its portfolio in Southwest Gas Holdings, Inc. (NYSE:SWX) for 9,401 shares. Natl Bank Of Montreal Can reported 36,654 shares. Arizona State Retirement Systems reported 32,557 shares. Morgan Stanley holds 0% or 248,844 shares in its portfolio. Parallax Volatility Advisers Limited Partnership accumulated 34 shares. Whittier Tru owns 100 shares. Shell Asset Mgmt owns 32,206 shares. Ajo Limited Partnership holds 853,022 shares. Reaves W H & accumulated 97,000 shares or 0.23% of the stock. Millennium Mgmt Limited Company holds 671,315 shares. Meeder Asset accumulated 724 shares. Strs Ohio holds 0.01% or 21,000 shares in its portfolio.

The stock of Southwest Gas Holdings, Inc. (SWX) formed an up wedge with $82.11 target or 3.00 % above today’s $79.72 share price. The 7 months wedge indicates low risk for the $3.86B company. If the $82.11 price target is reached, the company will be worth $115.65 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock decreased 0.45% or $0.36 during the last trading session, reaching $79.72. About 222,999 shares traded. Southwest Gas Holdings, Inc. (NYSE:SWX) has declined 7.51% since July 14, 2017 and is downtrending. It has underperformed by 20.08% the S&P500.

Analysts await Southwest Gas Holdings, Inc. (NYSE:SWX) to report earnings on August, 6. They expect $0.29 EPS, down 21.62 % or $0.08 from last year’s $0.37 per share. SWX’s profit will be $14.02 million for 68.72 P/E if the $0.29 EPS becomes a reality. After $1.63 actual EPS reported by Southwest Gas Holdings, Inc. for the previous quarter, Wall Street now forecasts -82.21 % negative EPS growth.

Southwest Gas Holdings, Inc. (NYSE:SWX) Ratings Coverage

Among 4 analysts covering Southwest Gas Holdings (NYSE:SWX), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Southwest Gas Holdings had 4 analyst reports since March 2, 2018 according to SRatingsIntel. As per Friday, March 2, the company rating was maintained by UBS. Citigroup maintained the stock with “Neutral” rating in Tuesday, March 27 report. As per Tuesday, June 5, the company rating was maintained by Bank of America. The stock of Southwest Gas Holdings, Inc. (NYSE:SWX) has “Hold” rating given on Wednesday, March 28 by Jefferies.

More news for Southwest Gas Holdings, Inc. (NYSE:SWX) were recently published by: Globenewswire.com, which released: “Southwest Gas President & CEO John P. Hester interviewed by Advisor Access” on June 19, 2018. Globenewswire.com‘s article titled: “Consolidated Research: 2018 Summary Expectations for KAR Auction Services, XPO Logistics, La-Z-Boy, Southwest …” and published on June 20, 2018 is yet another important article.

Southwest Gas Holdings, Inc. purchases, distributes, and transports natural gas in Arizona, Nevada, and California. The company has market cap of $3.86 billion. The firm operates through two divisions, Natural Gas Operations and Construction Services. It has a 19.73 P/E ratio. As of December 31, 2016, it had 1,984,000 residential, commercial, industrial, and other natural gas customers.

Southwest Gas Holdings, Inc. (NYSE:SWX) Ratings Chart

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