Southwest Gas Corporation (NYSE:SWX) VP Kenneth J. Kenny sold 600 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $80.90, for a total value of $48,540.00. Following the completion of the sale, the vice president now owns 17,137 shares of the company’s stock, valued at approximately $1,386,383.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Southwest Gas Corporation (NYSE SWX) traded up 0.59% during mid-day trading on Friday, hitting $81.15. The company had a trading volume of 286,298 shares. Southwest Gas Corporation has a 52-week low of $64.26 and a 52-week high of $86.65. The firm has a 50-day moving average price of $77.70 and a 200 day moving average price of $80.66. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 25.12 and a beta of 0.60.

Southwest Gas Corporation (NYSE:SWX) last posted its earnings results on Monday, August 7th. The utilities provider reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.09. Southwest Gas Corporation had a net margin of 6.46% and a return on equity of 9.09%. The firm had revenue of $560.50 million during the quarter, compared to the consensus estimate of $564.84 million. During the same quarter last year, the firm earned $0.19 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. Analysts expect that Southwest Gas Corporation will post $3.38 earnings per share for the current year.

WARNING: This article was first published by Daily Political and is the property of of Daily Political. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/08/11/insider-selling-southwest-gas-corporation-swx-vp-sells-600-shares-of-stock.html.

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Southwest Gas Corporation by 5,500.3% in the first quarter. BlackRock Inc. now owns 5,796,013 shares of the utilities provider’s stock valued at $480,546,000 after buying an additional 5,692,518 shares during the period. Vanguard Group Inc. increased its stake in Southwest Gas Corporation by 19.0% in the first quarter. Vanguard Group Inc. now owns 5,332,229 shares of the utilities provider’s stock valued at $442,095,000 after buying an additional 849,583 shares during the period. AJO LP increased its stake in Southwest Gas Corporation by 279.6% in the second quarter. AJO LP now owns 399,472 shares of the utilities provider’s stock valued at $29,185,000 after buying an additional 294,244 shares during the period. Renaissance Technologies LLC increased its stake in Southwest Gas Corporation by 336.6% in the second quarter. Renaissance Technologies LLC now owns 370,700 shares of the utilities provider’s stock valued at $27,083,000 after buying an additional 285,800 shares during the period. Finally, Bank of America Corp DE increased its stake in Southwest Gas Corporation by 74.8% in the first quarter. Bank of America Corp DE now owns 635,225 shares of the utilities provider’s stock valued at $52,667,000 after buying an additional 271,826 shares during the period. Hedge funds and other institutional investors own 78.55% of the company’s stock.

A number of analysts recently issued reports on SWX shares. Zacks Investment Research upgraded Southwest Gas Corporation from a “sell” rating to a “hold” rating in a report on Friday, April 14th. Jefferies Group LLC reiterated a “sell” rating and issued a $68.00 price target on shares of Southwest Gas Corporation in a report on Tuesday, May 9th. Finally, BidaskClub lowered Southwest Gas Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 27th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $80.50.

About Southwest Gas Corporation

Southwest Gas Holdings, Inc, formerly Southwest Gas Corporation, is engaged in the business of purchasing, distributing and transporting natural gas. The Company operates through two segments: natural gas operations and construction services, which includes the operations of the Company’s subsidiary, Centuri Construction Group, Inc (Centuri).

Insider Buying and Selling by Quarter for Southwest Gas Corporation (NYSE:SWX)

Receive News & Ratings for Southwest Gas Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Gas Corporation and related companies with MarketBeat.com's FREE daily email newsletter.