Southwest Gas Corporation (NYSE:SWX) has been assigned an average recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $78.00.

A number of equities research analysts recently weighed in on SWX shares. BidaskClub upgraded shares of Southwest Gas Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. KeyCorp reiterated a “hold” rating on shares of Southwest Gas Corporation in a report on Friday, September 1st. Jefferies Group LLC reiterated a “hold” rating and set a $70.00 price objective on shares of Southwest Gas Corporation in a report on Thursday, August 31st. Finally, Zacks Investment Research upgraded shares of Southwest Gas Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th.

In other Southwest Gas Corporation news, VP Kenneth J. Kenny sold 600 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were 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 of the company’s stock, valued at approximately $1,386,383.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Karen S. Haller sold 1,300 shares of the firm’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 approximately $2,156,427.05. The disclosure for this sale can be found here. Company insiders own 0.99% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Farmers & Merchants Investments Inc. increased its position in Southwest Gas Corporation by 0.3% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 3,971 shares of the utilities provider’s stock valued at $290,000 after purchasing an additional 12 shares during the period. Neuberger Berman Group LLC increased its position in Southwest Gas Corporation by 0.4% during the 1st quarter. Neuberger Berman Group LLC now owns 3,093 shares of the utilities provider’s stock valued at $256,000 after purchasing an additional 13 shares during the period. US Bancorp DE increased its position in Southwest Gas Corporation by 0.4% during the 2nd quarter. US Bancorp DE now owns 6,856 shares of the utilities provider’s stock valued at $501,000 after purchasing an additional 25 shares during the period. HighTower Advisors LLC increased its position in Southwest Gas Corporation by 0.7% during the 1st quarter. HighTower Advisors LLC now owns 3,709 shares of the utilities provider’s stock valued at $307,000 after purchasing an additional 27 shares during the period. Finally, World Asset Management Inc increased its position in Southwest Gas Corporation by 1.5% during the 2nd quarter. World Asset Management Inc now owns 2,985 shares of the utilities provider’s stock valued at $218,000 after purchasing an additional 44 shares during the period. 76.81% of the stock is currently owned by institutional investors and hedge funds.

Shares of Southwest Gas Corporation (SWX) traded down 1.15% during trading on Friday, hitting $78.24. 158,744 shares of the company traded hands. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 24.22 and a beta of 0.62. Southwest Gas Corporation has a 52 week low of $64.26 and a 52 week high of $86.65. The company has a 50 day moving average price of $80.01 and a 200 day moving average price of $80.13.

Southwest Gas Corporation (NYSE:SWX) last announced its quarterly earnings data on Monday, August 7th. The utilities provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $560.50 million during the quarter, compared to analyst estimates of $564.84 million. During the same quarter last year, the business posted $0.19 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts expect that Southwest Gas Corporation will post $3.43 earnings per share 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).

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