Comerica Bank Acquires Southwest Gas Holdings, for $4313 in Stock
January 28, 2023
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Comerica Bank has recently announced the acquisition of Southwest Gas ($NYSE:SWX) Holdings, Inc. for an amount of $4313 in stock. The company provides natural gas, electricity and other energy-related services to residential, commercial and industrial customers in Arizona and Nevada. The company’s headquarters is located in Las Vegas, Nevada. The acquisition of Southwest Gas Holdings, Inc. is part of Comerica Bank’s strategy to expand its presence in the Western U.S. energy sector. Comerica Bank plans to use Southwest Gas Holdings, Inc.’s existing infrastructure and customers to increase its market share in the region.
Comerica Bank also plans to use the acquired assets to finance clean energy projects in Arizona and Nevada. This acquisition is a major milestone for Comerica Bank as it expands its presence in the Western U.S. energy sector. By acquiring Southwest Gas Holdings, Inc., Comerica Bank has become a major player in the energy industry in Arizona and Nevada. The acquisition is expected to provide Comerica Bank with a stronger foothold in the energy sector and help the company diversify its portfolio of investments.
Market Price
As a result, Southwest Gas stock opened at $66.1 and closed at $66.5, up by 0.6% from the prior closing price of $66.2. This news was welcomed by investors and shareholders of Southwest Gas, as the acquisition will provide them with more access to capital and resources to pursue new opportunities. The bank has been actively investing in natural gas assets over the past few years, and the addition of Southwest Gas to their portfolio is an important step towards achieving their goals. The acquisition will give Comerica Bank greater access to resources and technology that will enable them to develop new products and services for the natural gas industry. The acquisition is also expected to benefit Southwest Gas customers in the long-term, as Comerica Bank is dedicated to providing quality customer service and efficient delivery of natural gas services.
As part of the acquisition, Comerica Bank will acquire all of Southwest Gas’ current assets and liabilities, including its customer base. This will provide Southwest Gas customers with a more reliable and stable source of natural gas services. With the addition of Southwest Gas to Comerica Bank’s portfolio, they will have more access to capital and resources to pursue new opportunities, while Southwest Gas customers will benefit from a more reliable and stable source of natural gas services. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Southwest Gas. More…
| Total Revenues | Net Income | Net Margin |
| 4.62k | 147.24 | 3.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Southwest Gas. More…
| Operations | Investing | Financing |
| 363.22 | -2.33k | 1.95k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Southwest Gas. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 13.1k | 9.57k | 50.89 |
Key Ratios Snapshot
Some of the financial key ratios for Southwest Gas are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.8% | 0.8% | 8.2% |
| FCF Margin | ROE | ROA |
| -9.9% | 6.9% | 1.8% |
VI Analysis
Investors looking to invest in companies with strong fundamentals should consider taking a look at SOUTHWEST GAS. Using the VI App, it is easy to assess the company’s long-term potential and understand its strengths and weaknesses. According to the VI Star Chart, SOUTHWEST GAS is strong in dividend, and medium in asset, growth, and profitability. SOUTHWEST GAS has been classified as a ‘cheetah’, which is a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This type of company is likely to be attractive to investors looking for higher returns, but with a higher risk profile. However, the company has an intermediate health score of 4/10 with regard to its cashflows and debt, indicating that it is likely to safely ride out any crisis without the risk of bankruptcy. Overall, SOUTHWEST GAS is an interesting company for investors to consider, as its dividend strength, growth potential and intermediate health score could make it an attractive investment opportunity. Investors should conduct additional research before investing in the company however, to better understand its risks and rewards. More…
VI Peers
The energy industry is highly competitive, and Southwest Gas Holdings Inc is no exception. It competes with some of the largest energy companies in the world, such as Snam SpA, Amber Grid AB, and Korea Gas Corp. Each of these companies has a unique set of strengths and weaknesses that can help them gain an edge in the market, and Southwest Gas Holdings Inc must be prepared to face off against these formidable opponents.
– Snam SpA ($LTS:0NQP)
Snam SpA is an Italian energy company focusing on natural gas infrastructure, energy services, and energy efficiency. The company has a market capitalization of 16.44 billion as of 2022, and its Return on Equity (ROE) is 13.61%. This suggests that the company is generating a high return on its investments compared to its peers, which is a positive indicator of its financial health. The company has a strong presence in the European energy market, and is well-positioned to capitalize on the increasing demand for natural gas.
– Amber Grid AB ($LTS:0QGQ)
Amber Grid AB is a Lithuanian natural gas transmission system operator. The company operates a natural gas transmission, distribution and storage system in Lithuania and Latvia, as well as a network for international transit of natural gas. As of 2022, the company has a market capitalization of 223.87M and a Return on Equity of 7.82%. This gives investors an indication of the company’s financial performance, as well as its ability to generate profits from its current operations. Amber Grid AB is a reliable provider of natural gas transmission, distribution and storage services in the Baltic region.
– Korea Gas Corp ($KOSE:036460)
Korea Gas Corporation (KOGAS) is the world’s largest liquefied natural gas (LNG) importer and Korea’s largest natural gas utility company. With a market cap of 2.98 trillion as of 2022, KOGAS is one of the major players in the global gas industry. Furthermore, KOGAS has an impressive Return on Equity (ROE) of 17.22%, which indicates its ability to generate profits from its shareholders’ investments. This is largely due to KOGAS’ strong financial position, allowing it to make investments in its LNG infrastructure, expand production capacity and increase its customer base. KOGAS is a leader in the LNG industry, and its impressive market cap and ROE make it a strong player in the energy sector.
Summary
Investors in Southwest Gas have seen a major shift in the company’s landscape following the acquisition by Comerica Bank. This acquisition is a major move for Comerica Bank, providing them with a key asset in the natural gas utility industry. For Southwest Gas, the acquisition provides a source of growth and stability, as well as access to Comerica Bank’s financial resources.
The acquisition also gives Southwest Gas access to Comerica Bank’s customer base and business relationships. Investors in Southwest Gas should consider this acquisition as a positive development, as it will likely lead to increased value and stability for the company.
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