Southwest Gas Holdings Inc. (NYSE: SWX) remains a notable player in the U.S. regulated natural gas utility sector, serving approximately 2 million customers. The company's service territory is primarily centered around Arizona and Nevada, with about half of its customer base in these regions, and roughly 10% located in California. The majority of its clients are residential and small commercial users.
In addition to delivering natural gas, Southwest Gas Holdings has historically engaged in gas and pipeline infrastructure services through its interest in Centuri Group, extending its operational footprint to 42 states and parts of Canada. However, the company has recently shifted its strategy by selling its pipeline operations to refocus on its core utility and infrastructure services. The firm also operates interstate pipelines in Arizona and Nevada and maintains a storage facility in Arizona. Although it had previously initiated six biogas projects to explore renewable natural gas options, these assets have now been divested as part of the company’s portfolio simplification strategy.
Southwest Gas began publicly trading under its current ticker, SWX, in 2017, and is currently not covered by major analysts. The company’s performance is evaluated based on several metrics outlined in the Argus Analyst Report, including balance sheet strength, debt and liquidity levels, earnings estimates, analyst performance, sales growth, dividend record, market share, leverage ratios, and stock price trends. Broader industry indicators, such as the producer price index, industrial production, and economic outlook for the forthcoming 6 to 12 months, further inform the company’s rating.
Fundamentally, investment prospects for Southwest Gas benefit from its stable, regulated market position and broad customer base. However, recent infrastructure asset sales and evolving analyst coverage introduce new elements for investors to consider. Technical trends suggest that the company’s stock has exhibited relatively low volatility compared to peers in the sector.
As of September 30, 2025, shares of Southwest Gas Holdings traded at $78.65 per share, reflecting an increase of $0.62 (0.01%) from the previous closing price. The most recent session opened at $78.26. Intraday, the stock ranged from a low of $78.56 to a high of $78.65, with a trading volume of 7,393 shares as of 13:38:45 UTC on Tuesday, September 30.
Recent analyst sentiment has skewed positively. On September 10, 2025, Jefferies Financial Group upheld its “Buy” rating for SWX and raised its price target from $82.00 to $88.00. Earlier, on August 29, B of A Securities upgraded the stock from “Neutral” to “Buy,” increasing its target from $76.00 to $84.00. Conversely, JP Morgan reiterated a “Neutral” stance but reduced its price target from $79.00 to $75.00 on May 28, 2025. These updates indicate growing analyst confidence in the company’s outlook, though there remain both opportunities and risks as the company repositions its core business.