Shares of Southwest Gas Corporation (NYSE:SWX) have earned a consensus rating of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $78.00.

SWX has been the topic of several research reports. KeyCorp restated a “hold” rating on shares of Southwest Gas Corporation in a report on Friday, September 1st. Jefferies Group LLC restated a “hold” rating and set a $70.00 price objective on shares of Southwest Gas Corporation in a report on Thursday, August 31st. 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, BidaskClub upgraded shares of Southwest Gas Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th.

In other news, VP Kenneth J. Kenny sold 600 shares of Southwest Gas Corporation 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 sale, the vice president now directly owns 17,137 shares in the company, valued at approximately $1,386,383.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Karen S. Haller sold 1,300 shares of Southwest Gas Corporation 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 sale, the senior vice president now owns 26,639 shares in the company, valued at $2,156,427.05. The disclosure for this sale can be found here. 0.99% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Southwest Gas Corporation by 7.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,725 shares of the utilities provider’s stock valued at $126,000 after acquiring an additional 118 shares in the last quarter. Flinton Capital Management LLC boosted its position in shares of Southwest Gas Corporation by 69.7% during the 2nd quarter. Flinton Capital Management LLC now owns 2,416 shares of the utilities provider’s stock valued at $177,000 after acquiring an additional 992 shares in the last quarter. Riverhead Capital Management LLC boosted its position in shares of Southwest Gas Corporation by 74.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,797 shares of the utilities provider’s stock valued at $204,000 after acquiring an additional 1,197 shares in the last quarter. GW&K Investment Management LLC acquired a new stake in shares of Southwest Gas Corporation during the 2nd quarter valued at about $205,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Southwest Gas Corporation during the 2nd quarter valued at about $213,000. Institutional investors and hedge funds own 76.80% of the company’s stock.

Shares of Southwest Gas Corporation (NYSE SWX) traded down 0.81% during mid-day trading on Thursday, hitting $79.89. The stock had a trading volume of 344,231 shares. The stock has a 50-day moving average price of $79.05 and a 200 day moving average price of $79.56. The stock has a market cap of $3.80 billion, a P/E ratio of 24.73 and a beta of 0.60. Southwest Gas Corporation has a 52 week low of $66.55 and a 52 week high of $86.65.

Southwest Gas Corporation (NYSE:SWX) last announced its earnings results on Monday, August 7th. The utilities provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.28 by $0.09. The firm had revenue of $560.50 million for the quarter, compared to the consensus estimate of $564.84 million. Southwest Gas Corporation had a net margin of 6.46% and a return on equity of 9.09%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 EPS. On average, equities analysts forecast that Southwest Gas Corporation will post $3.44 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.495 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.98 annualized dividend and a dividend yield of 2.48%. Southwest Gas Corporation’s payout ratio is 61.11%.

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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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