SOUTHWEST GAS HOLDINGS INC (SWX)
Utilities · natural gas utilities · NYSE
Southwest Gas Holdings is a regulated natural gas utility serving customers across Arizona, Nevada, and California.
What SOUTHWEST GAS HOLDINGS INC does
Southwest Gas Holdings, Inc. is a utility holding company that operates primarily through its subsidiary, Southwest Gas Corporation. It provides regulated natural gas distribution services to customers in Arizona, Nevada, and California.
Themes: regulated utilities, natural gas distribution
Fundamentals
- Price$88.87 as of 2026-08-21 close
- Market cap$6.4B as of 2026-08-21
- 1-year return+16.1% 2025-08-21 close $76.57 → 2026-08-21 close $88.87
- P/E12.86 as of 2026-08-24
- Net margin+29.8% as of 2026-08-24
- Gross margin-78.4% as of 2026-08-24
- ROE+12.9% as of 2026-08-24
- Debt / equity0.85 as of 2026-08-24
- Revenue growth (YoY)-15.3% as of 2026-08-24
- Revenue CAGR (3y)+18.1% SEC XBRL
- Beta0.56 as of 2026-08-24
- Last reported earnings2026-08-05 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +4.1%; at least 5 years of non-decreasing per-share dividends (SEC XBRL) — we do not hold the year before it, so the real streak may be longer.
How SWX compares in its sector
- price-to-earnings ratiobottom 10% 67 covered Utilities peers, as of 2026-08-24
- net profit margintop 10% 71 covered Utilities peers, as of 2026-08-24
- operating margintop 25% 71 covered Utilities peers, as of 2026-08-24
- gross marginbottom 10% 53 covered Utilities peers, as of 2026-08-24
- return on equitytop 25% 72 covered Utilities peers, as of 2026-08-24
- 3-year revenue CAGRtop 10% 70 covered Utilities peers
- indicated dividend yieldmiddle range 67 covered Utilities peers, as of 2026-08-24
- free cash flow (absolute dollars, latest fiscal year)middle range 57 covered Utilities peers, as of FY2025
Position among covered Utilities companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
SWX is in the Utilities Long-term Top 10.
Utilities Long-term Top 10 — since 18 Aug 2026
Long-term score
59.5 #200 of 987 scored · #2 of 55 in Utilities
Valuation 84th (price to earnings 12.4, price to book 1.6) and capital return 71st (consecutive years of dividend increases 5 years); weakest is financial health (43rd, debt to equity 0.9).
Short-term score
46.1 #1059 of 1,704 scored · #29 of 59 in Utilities
Setup 66th: no Elliott-wave labelling currently fits its swings; volume and participation 50th: trading volume is about normal versus its 30-day average; weakest is catalysts 33rd: open-market insider buys in 90 days 0, analysts' average price target is unchanged from the prior reading.
In this list since 18 Aug 2026 — currently 2nd in the list (3 days)
- Entered 18 Aug 2026: first selection for this list at rank 2, score 57.1.
Scores as of 21 Aug 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 2.
Dividend coverage (FY2025)
Covered by reported results. In FY2025, SWX's dividend was covered by reported results (earnings payout 41%). This describes past coverage, not a forecast.
- Earnings payout41% dividends / net income
- Free-cash-flow payoutnot assessable free cash flow was not positive that year
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How SOUTHWEST GAS HOLDINGS INC looks technically
SOUTHWEST GAS HOLDINGS INC (SWX) is trading 2.6% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 267 trading days ago — a "golden cross", a bullish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 12, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 40, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bearish about 4 trading days ago (its momentum flipped negative). It just made a new 20-day low, its first since 2026-07-06, breaking below its recent trading range.
Trend
8
| Distance from the 200-day | it is trading 2.6% above its 200-day average, the long-term trend line — a longer-term uptrend | +2.6% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $90.65 | $90.65 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $86.64 | $86.64 |
| Swing structure | each recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes next | higher highs and higher lows |
| Last swing turn | its last significant turn was a swing low 16 calendar days ago — the swings before that are what the structure reading is measured on | 16 sessions |
| Wave structure | its recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five; the labelling fails if price closes below 88. It is one of several labellings that fit, and it describes the swings already printed, not what comes next. The same swings also read as a three-part correction in leg C. | possible upward five-wave sequence, in wave 3 (one of several readings) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 267 trading days ago — a "golden cross", a bullish long-term signal | 267 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 12, below the 25 that marks a real trend) | 12.0 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 40, neither overbought (above 70) nor oversold (below 30) | 39.8 |
|---|---|---|
| Position in its 14-day range | it is trading near the bottom of its 14-day range ($88.00 to $93.48) — its "stochastic" reading is 16 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 15.9 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bearish about 4 trading days ago (its momentum flipped negative) | 4 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $94.47 | $94.47 |
|---|---|---|
| From the 52-week high | it is 5.9% below its 52-week high (its highest price of the past year) | -5.9% |
| Above the 52-week low | it is 17.3% above its 52-week low (its lowest price of the past year) | +17.3% |
| Below the 52-week high | it is 5.9% below its highest point of the past year | 5.9% |
| Since a 20-day breakout | it just made a new 20-day low, its first since 2026-07-06, breaking below its recent trading range | 1 session |
| Since a 55-day breakout | it is trading within its recent 55-day range, with no fresh breakout up or down | 0 sessions |
| All-time high | its highest closing price on record is $95.62 (set on 2022-05-27) | $95.62 |
| Given back of the 52-week move | over the past year its closes ranged ($76.39 to $94.05), and it has given back roughly a quarter of its rise from last year’s low — 29% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $82.57 to $83.14. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 29.3% |
| From the all-time high | it is 7.1% below its all-time high | -7.1% |
| Nearest price level | it is trading 0.7% below a resistance level at $89.52 — a price it turned at four times since 2026-02-17, most recently on 2026-05-26. Since 2024-08-21 it has 9 such levels below the current price and 3 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +0.7% |
| All-time low | its lowest closing price on record is $17.08 (set on 2009-03-06) | $17.08 |
| Above the all-time low | it is 420.3% above its all-time low | +420.3% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are narrower than usual versus its own recent 6-month history (tighter than about 88% of it) | 12th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $1.72 between its high and its low — about 1.9% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $1.72 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $88.89 and $93.50 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $88.89 – $91.20 – $93.50 |
| Typical daily range (% of price) | its price moves about 1.9% in a typical session — among the calmest in the catalog. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 1.9% |
| Stretch from the 200-day average | it is trading 1.3 daily ranges above its 200-day average price (2.6% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 1.3 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.84× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Price gaps
1
| Gap at the open | it opened on 2026-08-21 0.8% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | -0.8% |
|---|
Price streaks
1
| Closing streak | it has closed lower 2 sessions in a row, a -3.14% move over the run — an unbroken run of down days, which describes what has already happened and says nothing about the next session | 2 sessions down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 6.0 percentage points (the stock lost 3.6% while the market gained 2.3%) | -6.0% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 3.1 percentage points (the stock lost 0.0% while the market gained 3.1%) | -3.1% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 9.6 percentage points (the stock gained 1.4% while the market gained 11.1%) | -9.6% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 4.4 percentage points (the stock gained 16.1% while the market gained 20.5%) | -4.4% |
Signal agreement
2
| Bullish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, near the bottom of its 14-day range (oversold) — these describe past price behaviour, not a forecast | 3 of 9 |
|---|---|---|
| Bearish technical signals | 4 of the 9 technical signals we can compute for it are currently in a bearish state: a fresh 20-day low, MACD momentum is negative, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 4 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 0.7% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is thin, spanning 0.9% of the share price, which is taken to mean a barrier that gives way easily. | -0.7% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 1% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $87.88 — a volume-weighted average of daily closes over 157 sessions, not a true tick-by-tick VWAP. | +1.1% |
|---|---|---|
| Vs the average paid since it last reported | the price is 3% below the average price paid since it last reported on 2026-08-05 (its 10-Q), so the typical buyer over that stretch is under water. That average is $91.46 — a volume-weighted average of daily closes over 13 sessions, not a true tick-by-tick VWAP. | -2.8% |
Price levels it has turned at before
SWX last closed at $88.87 on 2026-08-21. Since 2024-08-21 it has turned at 9 prices below its last close and 3 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $89.52 | Resistance | 0.7% above the last close | turned there four times · 2026-02-17 to 2026-05-26 |
| $87.40 | Support | 1.7% below the last close | turned there six times · 2026-01-16 to 2026-08-05 |
| $91.04 | Resistance | 2.4% above the last close | turned there twice · 2026-06-26 to 2026-07-21 |
| $94.11 | Resistance | 5.9% above the last close | turned there three times · 2026-04-13 to 2026-07-17 |
| $83.08 | Support | 6.5% below the last close | turned there four times · 2025-11-04 to 2026-03-20 |
| $81.12 | Support | 8.7% below the last close | turned there 7 times · 2024-11-25 to 2026-02-25 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five.
This labelling fails — stops being a possible reading at all — if it closes below $88.00.
This is one of several labellings that fit the same swings, so treat it as a reading rather than the reading. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
On past moves of this shape the leg has usually ended somewhere between $98.00 and $104.17 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
Alternate reading: The same swings also read as a three-part correction in leg C, which fails on a close below $88.00.
This labelling was already in place when we began recording count changes on 2026-08-13, so how long it has stood is not something we can say yet.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading above the 200-day moving average · Broke down to a new 20-day low · MACD just crossed bearish (12/26/9) · trendless / choppy (low ADX) · lagging the market · Least volatile (2% or less typical daily range) | Learn: moving average · golden cross · adx · rsi · macd · breakout
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingStrong Buy (1.13 mean, 1=Strong Buy…5=Strong Sell) — 7 analysts
- Mean price target$102.71 range $94.00 – $107.00; median $103.00
Analyst estimates, as of 2026-08-17. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for SWX
- Consensus EPS estimate$0.1937 next reporting period, as of 2026-08-17
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Regulatory risk associated with rate-setting and recovery of costs in the states where it operates.","Market risks related to natural gas price fluctuations and potential impacts on customer demand."]
What changed in the latest 10-Q
AI-assisted comparison of SWX's 10-Q filed 2026-05-05 against the prior one filed 2025-11-05.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing (2026-05-05) specifies that deconsolidation of Centuri occurred in 'August 2025' and adds context that business is 'solely comprised of our Natural Gas Distribution segment' (consolidated view)
- Newer filing adds paragraph: 'Southwest Gas' revenues and cost of gas sold can change depending on natural gas cost included in customer rates. These changes, however, do not directly affect the company's profits...' explaining regulatory mechanisms for gas cost recovery
- Newer filing adds detailed explanation of deferred purchase gas cost treatment with bullet points for under-recovery and over-recovery scenarios
- Newer filing states customer count as of March 31, 2026: approximately 2,287,000 total (1,227,000 Arizona, 852,000 Nevada, 208,000 California)
- Newer filing reports operating margin percentages for twelve months ended March 31, 2026: 53% Arizona, 35% Nevada, 12% California
- Newer filing provides Summary Operating Results table for three months ended March 31, 2026 and March 31, 2025 with continuing and discontinued operations data
- Removed:
- Older filing (2025-11-05) describes Centuri IPO completion in April 2024 and detailed sale transactions May-September 2025; newer filing omits these transaction details
- Older filing provides first-time meter set data (40,000 total for twelve months ended September 30, 2025); newer filing does not include this metric
- Older filing reports operating margin percentages for twelve months ended September 30, 2025: 54% Arizona, 34% Nevada, 12% California
- Older filing states customer count as of September 30, 2025: approximately 2,276,000 total (1,222,000 Arizona, 847,000 Nevada, 207,000 California)
- Older filing provides Summary Operating Results table for both three-month and nine-month periods ended September 30, 2025 and 2024, with separate continuing and discontinued operations rows
- Reworded:
- Older filing: 'Until the Centuri IPO in April 22, 2024, all of the shares...'; newer filing: 'Until the deconsolidation of Centuri in August 2025, the Company's businesses were managed...' (shift in framing from IPO to deconsolidation event)
- Older filing references 'Annual Report on Form 10-K for the fiscal year ended December 31, 2024'; newer filing references 'for the fiscal year ended December 31, 2025'
- Older filing: 'Great Basin Expansion project'; newer filing: 'Great Basin expansion project' (capitalization change for 'expansion')
- Notes:
- The newer filing appears truncated at the end of the Reconciliation of Gross Margin to Operating Margin table; direct comparison of complete reconciliation tables is not possible
- Older filing covers nine-month period data; newer filing covers only three-month period data in presented tables, limiting period-to-period comparisons
- Customer counts, operating margin percentages, and financial metrics differ due to different fiscal period end dates (March 31, 2026 vs. September 30, 2025)
Risk Factors
The two filings could not be meaningfully compared for this section.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales are on record for SWX — recent Form 4 activity was compensation-related (awards, option exercises, or tax withholding), not open-market buying or selling.
View full insider trading history → View SEC Form 3/4/5 filingsOnly open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Institutional ownership (13F)
5 institutional 13F filers reported holding SWX as of 2026-03-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 19,225,362
- Reported value $1,670,683,962
reported quarterly holdings change (2025-12-31 → 2026-03-31): 0 new, 4 increased, 1 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
SWX had 1,914,378 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
SWX had 2.64% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 4.09 days to cover at the same settlement.
- Reported short interest (shares) 1,914,378
- Short interest (% of shares outstanding) 2.64%
- Prior settlement (shares) 2,132,448
- Reported change -10.23%
- Days to cover (reported) 4.09
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Southwest Gas Holdings does not explicitly list direct peers in its brief provided text; typical industry peers include NiSource (NI)
- Atmos Energy (ATO)
- UGI Corporation (UGI)
- Spire Inc. (SR)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does SOUTHWEST GAS HOLDINGS INC (SWX) do?
Southwest Gas Holdings, Inc. is a utility holding company that operates primarily through its subsidiary, Southwest Gas Corporation. It provides regulated natural gas distribution services to customers in Arizona, Nevada, and California.
What sector is SOUTHWEST GAS HOLDINGS INC (SWX) in?
SOUTHWEST GAS HOLDINGS INC (SWX) is classified in the Utilities sector. Its industry is natural gas utilities. It trades on NYSE.
Does SWX pay a dividend?
Yes — SOUTHWEST GAS HOLDINGS INC (SWX) pays a dividend, with an indicated yield of about 4.13% and at least 5 years of non-decreasing per-share dividends (SEC EDGAR XBRL) — we do not hold the year before it, so the real streak may be longer (market data, as of 2026-08-24). Informational only — not financial advice.
Who are SOUTHWEST GAS HOLDINGS INC's (SWX) competitors?
Notable peers of SOUTHWEST GAS HOLDINGS INC (SWX) include Southwest Gas Holdings does not explicitly list direct peers in its brief provided text; typical industry peers include NiSource, Atmos Energy, UGI Corporation and Spire Inc.. This peer set is informational only — not financial advice.
Is SOUTHWEST GAS HOLDINGS INC (SWX) overbought or oversold right now?
SOUTHWEST GAS HOLDINGS INC (SWX) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 40, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on SWX come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.