Stevens Capital Management LP bought a new position in Southwest Gas Corporation (NYSE:SWX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 21,457 shares of the utilities provider’s stock, valued at approximately $1,568,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BlueMountain Capital Management LLC bought a new stake in shares of Southwest Gas Corporation in the 2nd quarter worth approximately $1,022,000. Amalgamated Bank raised its holdings in shares of Southwest Gas Corporation by 1.6% during the second quarter. Amalgamated Bank now owns 6,748 shares of the utilities provider’s stock valued at $493,000 after acquiring an additional 106 shares during the period. Nationwide Fund Advisors raised its holdings in shares of Southwest Gas Corporation by 10.3% during the second quarter. Nationwide Fund Advisors now owns 163,915 shares of the utilities provider’s stock valued at $11,976,000 after acquiring an additional 15,261 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Southwest Gas Corporation by 2.7% during the second quarter. Ameriprise Financial Inc. now owns 751,284 shares of the utilities provider’s stock valued at $54,889,000 after acquiring an additional 19,466 shares during the period. Finally, Dorsey Wright & Associates acquired a new stake in shares of Southwest Gas Corporation during the second quarter valued at approximately $1,694,000. Institutional investors and hedge funds own 76.81% of the company’s stock.

Shares of Southwest Gas Corporation (NYSE SWX) opened at 77.37 on Friday. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 23.95 and a beta of 0.62. The stock’s 50 day moving average is $80.01 and its 200-day moving average is $80.13. Southwest Gas Corporation has a 12-month low of $64.26 and a 12-month high of $86.65.

Southwest Gas Corporation (NYSE:SWX) last released its quarterly earnings data on Monday, August 7th. The utilities provider reported $0.37 earnings per share for the quarter, topping the 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 business had revenue of $560.50 million for the quarter, compared to analyst estimates of $564.84 million. During the same quarter last year, the firm earned $0.19 EPS. Southwest Gas Corporation’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, analysts anticipate that Southwest Gas Corporation will post $3.43 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports 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 upgraded shares of Southwest Gas Corporation from an “underperform” rating to a “hold” rating and boosted their price target for the company from $68.00 to $70.00 in a report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Southwest Gas Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, KeyCorp restated a “hold” rating on shares of Southwest Gas Corporation in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Southwest Gas Corporation presently has a consensus rating of “Hold” and an average target price of $80.50.

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In related news, SVP Karen S. Haller sold 1,300 shares of Southwest Gas Corporation stock in a transaction that occurred on 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 owns 26,639 shares of the company’s stock, valued at approximately $2,156,427.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kenneth J. Kenny sold 600 shares of Southwest Gas Corporation stock in a transaction that occurred on 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 directly owns 17,137 shares in the company, valued at approximately $1,386,383.30. The disclosure for this sale can be found here. 0.99% of the stock is owned by company insiders.

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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