Southwest Gas (SWX)

Company Profile

Southwest Gas Holdings, Inc. has two business segments. Southwest Gas Corporation provides safe and reliable natural gas service to over 2 million customers in Arizona, California, and Nevada. Centuri Group, Inc. is a comprehensive utility infrastructure services enterprise dedicated to delivering a diverse array of solutions to North America's gas and electric providers. Centuri derives revenues from installation, replacement, repair, and maintenance of energy distribution systems, and developing industrial construction solutions.

Company profile

Ticker

SWX

Exchange

NYSE

Website

www.swgasholdings.com

CEO

John P. Hester

Incorporated

Delaware

Location

Nevada

Fiscal year end

Dec 31

Sector

Utilities > Fossil Fuel Electric Power Generation

Industry (SIC)

Natural Gas Transmission & Distribution

Oneok • Crestwood Equity Partners • Chesapeake Utilities • RGC Resources • Corning Natural Gas Holding • NextDecade • Brookfield Infrastructure ...

SEC CIK

0001692115

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Southwest Gas Utility Group, Inc. • Southwest Gas Corporation • Utility Financial Corp. • Southwest Gas Transmission Company • and Utility Financial Corp. • Great Basin Gas Transmission Company • MountainWest Pipelines Holding Company • MountainWest Pipeline, LLC • MountainWest Energy Holding Company, LLC • MountainWest Southern Trails Pipeline Company ...

SWX stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$77.67

Low target

$63.00

High target

$95.00

Latest filings (excl ownership)

View all

8-K

Entry into a Material Definitive Agreement

23 Mar 23

ARS

2022 FY

Annual report to shareholders

21 Mar 23

DEFA14A

Additional proxy soliciting materials

Entry into a Material Definitive Agreement

10 Mar 23

424B5

Prospectus supplement for primary offering

8 Mar 23

424B5

Prospectus supplement for primary offering

Results of Operations and Financial Condition

28 Feb 23

Transcripts

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SWX

Earnings call transcript

2022 Q4

1 Mar 23

SWX

Earnings call transcript

2022 Q3

9 Nov 22

SWX

Earnings call transcript

2022 Q2

10 Aug 22

SWX

Earnings call transcript

2022 Q1

10 May 22

SWX

Earnings call transcript

2021 Q3

9 Nov 21

SWX

Earnings call transcript

2021 Q2

7 Aug 21

SWX

Earnings call transcript

2021 Q1

10 May 21

SWX

Earnings call transcript

2020 Q4

28 Feb 21

SWX

Earnings call transcript

2020 Q3

8 Nov 20

Latest ownership filings

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Financial summary

Financial statements Chart SWX financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	123.08 mm	123.08 mm	123.08 mm	123.08 mm	123.08 mm	123.08 mm
Cash burn (monthly)	17.40 mm	8.30 mm	123.83 mm	8.95 mm	(no burn)	(no burn)
Cash used (since last report)	51.76 mm	24.70 mm	368.41 mm	26.63 mm	n/a	n/a
Cash remaining	71.32 mm	98.38 mm	-245.33 mm	96.45 mm	n/a	n/a
Runway (months of cash)	4.1	11.9	-2.0	10.8	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2022

SWX institutional ownership history Ownership history

88.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	296	284	+4.2%
Opened positions	56	44	+27.3%
Closed positions	44	51	-13.7%
Increased positions	130	92	+41.3%
Reduced positions	74	103	-28.2%

13F shares	Current	Prev Q	Change
Total value	3.62 tn	3.95 bn	+91601.3%
Total shares	59.56 mm	56.63 mm	+5.2%
Total puts	43.10 k	23.90 k	+80.3%
Total calls	82.90 k	45.40 k	+82.6%
Total put/call ratio	0.5	0.5	-1.2%

Largest owners	Shares	Value	Change
BLK Blackrock	9.68 mm	$599.07 bn	+3.8%
Vanguard	6.93 mm	$428.76 bn	+2.3%
Icahn Carl C Et Al	6.61 mm	$412.40 bn	0.0%
Fuller & Thaler Asset Management	2.36 mm	$147.35 bn	+10.1%
Rare Infrastructure	2.22 mm	$137.21 bn	+76.5%
STT State Street	2.21 mm	$136.73 bn	NEW
T. Rowe Price Investment Management	2.08 mm	$129.96 bn	-27.3%
NMR Nomura	1.65 mm	$103.04 bn	-9.5%
Alliancebernstein	1.41 mm	$87.24 bn	+0.0%
Geode Capital Management	1.25 mm	$78.24 bn	+3.2%

Largest transactions	Shares	Bought/sold	Change
STT State Street	2.21 mm	+2.21 mm	NEW
Zimmer Partners	0.00	-1.11 mm	EXIT
BN Brookfield	0.00	-1.03 mm	EXIT
Rare Infrastructure	2.22 mm	+960.95 k	+76.5%
T. Rowe Price Investment Management	2.08 mm	-781.95 k	-27.3%
River Road Asset Management	850.50 k	+734.16 k	+631.1%
Norges Bank	633.10 k	+633.10 k	NEW
MS Morgan Stanley	882.06 k	+524.63 k	+146.8%
Citadel Advisors	474.10 k	+438.79 k	+1242.9%
FMR	2.28 k	-412.33 k	-99.4%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

SWX insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
28 Mar 23	Icahn Carl C Et Al	Shares	Buy	Acquire P	Yes	No	61	55,154	3.36 mm	10,520,600
24 Mar 23	Icahn Carl C Et Al	Common Stock, $1.00 par value per share ("Shares")	Buy	Acquire P	Yes	No	60.15	252,376	15.18 mm	10,465,446
23 Mar 23	Icahn Carl C Et Al	Shares	Buy	Acquire P	Yes	No	60.11	407,466	24.49 mm	10,213,070
22 Mar 23	Icahn Carl C Et Al	Shares	Buy	Acquire P	Yes	No	60.68	97,828	5.94 mm	9,805,604
21 Mar 23	Icahn Carl C Et Al	Common Stock, $1.00 par value per share ("Shares")	Buy	Acquire P	Yes	No	60.63	19,770	1.20 mm	9,707,776
17 Mar 23	Icahn Carl C Et Al	Shares	Buy	Acquire P	Yes	No	60.11	156,302	9.40 mm	9,688,006
16 Mar 23	Icahn Carl C Et Al	Shares	Buy	Acquire P	Yes	No	59.96	21,907	1.31 mm	9,531,704
15 Mar 23	Icahn Carl C Et Al	Common Stock, $1.00 par value per share ("Shares")	Buy	Acquire P	Yes	No	60.09	26,310	1.58 mm	9,509,797
10 Mar 23	Icahn Carl C Et Al	Common Stock, $1.00 par value per share	Buy	Acquire P	Yes	No	60.12	2,332,835	140.25 mm	8,944,465