State Board of Administration of Florida Retirement System lifted its position in Southwest Gas Corporation (NYSE:SWX) by 6.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,344 shares of the utilities provider’s stock after acquiring an additional 1,222 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Southwest Gas Corporation were worth $1,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SWX. Great West Life Assurance Co. Can boosted its holdings in Southwest Gas Corporation by 3.9% in the first quarter. Great West Life Assurance Co. Can now owns 27,975 shares of the utilities provider’s stock valued at $2,319,000 after purchasing an additional 1,053 shares during the last quarter. State Treasurer State of Michigan boosted its holdings in Southwest Gas Corporation by 1.0% in the first quarter. State Treasurer State of Michigan now owns 19,300 shares of the utilities provider’s stock valued at $1,600,000 after purchasing an additional 200 shares during the last quarter. First Trust Advisors LP boosted its holdings in Southwest Gas Corporation by 26.0% in the first quarter. First Trust Advisors LP now owns 30,874 shares of the utilities provider’s stock valued at $2,560,000 after purchasing an additional 6,366 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Southwest Gas Corporation by 5.7% in the first quarter. Bank of New York Mellon Corp now owns 657,969 shares of the utilities provider’s stock valued at $54,553,000 after purchasing an additional 35,404 shares during the last quarter. Finally, Comerica Bank boosted its holdings in Southwest Gas Corporation by 4.6% in the first quarter. Comerica Bank now owns 36,575 shares of the utilities provider’s stock valued at $3,081,000 after purchasing an additional 1,597 shares during the last quarter. 76.85% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have commented on SWX shares. BidaskClub lowered shares of Southwest Gas Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 27th. Jefferies Group LLC raised shares of Southwest Gas Corporation from an “underperform” rating to a “hold” rating and upped their price target for the company from $68.00 to $70.00 in a report on Wednesday, July 12th. Zacks Investment Research raised shares of Southwest Gas Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Southwest Gas Corporation in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of $80.50.

In other news, SVP Karen S. Haller sold 1,300 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $80.95, for a total transaction of $105,235.00. Following the transaction, the senior vice president now directly owns 26,639 shares in the company, valued at $2,156,427.05. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Kenneth J. Kenny sold 600 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $80.90, for a total transaction of $48,540.00. Following the transaction, the vice president now owns 17,137 shares in the company, valued at $1,386,383.30. The disclosure for this sale can be found here. Insiders own 1.34% of the company’s stock.

Shares of Southwest Gas Corporation (NYSE SWX) opened at 80.48 on Friday. The stock’s 50 day moving average is $80.06 and its 200 day moving average is $80.31. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 24.92 and a beta of 0.62. Southwest Gas Corporation has a 1-year low of $64.26 and a 1-year high of $86.65.

Southwest Gas Corporation (NYSE:SWX) last posted its quarterly earnings data on Monday, August 7th. The utilities provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. The company had revenue of $560.50 million for the quarter, compared to analyst estimates of $564.84 million. Southwest Gas Corporation had a net margin of 6.46% and a return on equity of 9.09%. Southwest Gas Corporation’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.19 earnings per share. On average, equities analysts forecast that Southwest Gas Corporation will post $3.43 EPS for the current year.

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Southwest Gas Corporation Company Profile

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).

Institutional Ownership by Quarter for Southwest Gas Corporation (NYSE:SWX)

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