Bessemer Group Inc. grew its position in shares of Southwest Gas Corporation (NYSE:SWX) by 171.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 96,994 shares of the utilities provider’s stock after acquiring an additional 61,313 shares during the quarter. Bessemer Group Inc. owned about 0.20% of Southwest Gas Corporation worth $7,529,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp boosted its position in shares of Southwest Gas Corporation by 3.6% during the 2nd quarter. State Street Corp now owns 1,654,461 shares of the utilities provider’s stock valued at $120,875,000 after acquiring an additional 57,189 shares during the last quarter. Northern Trust Corp boosted its position in shares of Southwest Gas Corporation by 1.8% during the 2nd quarter. Northern Trust Corp now owns 1,444,315 shares of the utilities provider’s stock valued at $105,521,000 after acquiring an additional 26,071 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of Southwest Gas Corporation by 53.9% during the 2nd quarter. Macquarie Group Ltd. now owns 1,353,810 shares of the utilities provider’s stock valued at $98,909,000 after acquiring an additional 474,320 shares during the last quarter. FMR LLC boosted its position in shares of Southwest Gas Corporation by 13.0% during the 2nd quarter. FMR LLC now owns 890,233 shares of the utilities provider’s stock valued at $65,040,000 after acquiring an additional 102,527 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Southwest Gas Corporation by 12.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 819,202 shares of the utilities provider’s stock valued at $64,808,000 after acquiring an additional 92,559 shares during the last quarter. Hedge funds and other institutional investors own 76.76% of the company’s stock.

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Shares of Southwest Gas Corporation (SWX) traded down $1.72 on Friday, reaching $80.08. The company had a trading volume of 255,604 shares, compared to its average volume of 200,032. The company has a market capitalization of $3,904.47, a P/E ratio of 24.06, a PEG ratio of 3.71 and a beta of 0.61. Southwest Gas Corporation has a 12 month low of $70.68 and a 12 month high of $86.65. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.99 and a current ratio of 0.82.

Southwest Gas Corporation (NYSE:SWX) last issued its quarterly earnings results on Tuesday, November 7th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.07. The company had revenue of $593.15 million during the quarter, compared to the consensus estimate of $579.40 million. Southwest Gas Corporation had a return on equity of 9.56% and a net margin of 6.64%. Southwest Gas Corporation’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the company earned $0.05 earnings per share. sell-side analysts anticipate that Southwest Gas Corporation will post 3.42 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a $0.495 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.98 dividend on an annualized basis and a yield of 2.47%. Southwest Gas Corporation’s dividend payout ratio is presently 58.24%.

SWX has been the subject of a number of research reports. KeyCorp reiterated a “hold” rating on shares of Southwest Gas Corporation in a research report on Friday, October 20th. UBS AG increased their target price on Southwest Gas Corporation from $83.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday. BidaskClub downgraded Southwest Gas Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Jefferies Group LLC reiterated a “hold” rating and set a $70.00 target price on shares of Southwest Gas Corporation in a research report on Thursday, August 31st. Finally, Zacks Investment Research upgraded Southwest Gas Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $81.00.

Southwest Gas Corporation 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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