Southwest Gas Corp. (NYSE:SWX) – Equities researchers at Jefferies Group boosted their FY2017 EPS estimates for shares of Southwest Gas Corp. in a research note issued to investors on Thursday. Jefferies Group analyst C. Sighinolfi now forecasts that the firm will post earnings of $3.53 per share for the year, up from their prior forecast of $3.52. Jefferies Group currently has a “Hold” rating and a $65.00 price target on the stock.

Southwest Gas Corp. (NYSE:SWX) last announced its earnings results on Monday, August 8th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The business had revenue of $547.70 million for the quarter, compared to the consensus estimate of $559.21 million. Southwest Gas Corp. had a net margin of 5.90% and a return on equity of 9.07%. Southwest Gas Corp.’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the firm posted $0.13 earnings per share.

Earnings History and Estimates for Southwest Gas Corp. (NYSE:SWX)

SWX has been the topic of several other research reports. Zacks Investment Research upgraded Southwest Gas Corp. from a “sell” rating to a “hold” rating and set a $77.00 price target on the stock in a research note on Tuesday. Argus restated a “hold” rating on shares of Southwest Gas Corp. in a research note on Thursday, September 8th. Finally, Citigroup Inc. raised their price target on Southwest Gas Corp. from $62.00 to $79.00 and gave the company a “neutral” rating in a research note on Wednesday, July 27th. Five investment analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average target price of $72.75.

Southwest Gas Corp. (NYSE:SWX) traded up 0.369% on Monday, hitting $69.285. 68,724 shares of the company’s stock traded hands. Southwest Gas Corp. has a 12 month low of $50.53 and a 12 month high of $79.58. The stock has a market cap of $3.29 billion, a P/E ratio of 22.627 and a beta of 0.54. The stock has a 50 day moving average price of $69.28 and a 200-day moving average price of $71.02.

A number of institutional investors have recently bought and sold shares of SWX. Barclays PLC increased its stake in shares of Southwest Gas Corp. by 0.5% in the first quarter. Barclays PLC now owns 28,003 shares of the company’s stock valued at $1,820,000 after buying an additional 134 shares in the last quarter. AMP Capital Investors Ltd increased its stake in shares of Southwest Gas Corp. by 2.2% in the first quarter. AMP Capital Investors Ltd now owns 25,367 shares of the company’s stock valued at $1,688,000 after buying an additional 557 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Southwest Gas Corp. by 57.8% in the first quarter. Renaissance Technologies LLC now owns 186,000 shares of the company’s stock valued at $12,248,000 after buying an additional 68,100 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Southwest Gas Corp. by 27.3% in the first quarter. Wellington Management Group LLP now owns 236,218 shares of the company’s stock valued at $15,556,000 after buying an additional 50,622 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Southwest Gas Corp. by 10.1% in the first quarter. Geode Capital Management LLC now owns 326,281 shares of the company’s stock valued at $21,485,000 after buying an additional 30,037 shares in the last quarter. Institutional investors own 80.17% of the company’s stock.

In other Southwest Gas Corp. news, CFO Roy R. Centrella sold 1,000 shares of Southwest Gas Corp. stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $71.54, for a total value of $71,540.00. Following the transaction, the chief financial officer now owns 31,618 shares in the company, valued at $2,261,951.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Eric Debonis sold 600 shares of Southwest Gas Corp. stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $72.99, for a total value of $43,794.00. Following the completion of the transaction, the senior vice president now owns 19,694 shares in the company, valued at approximately $1,437,465.06. The disclosure for this sale can be found here. 1.34% of the stock is owned by company insiders.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, November 10th. This represents a $1.80 annualized dividend and a yield of 2.61%. Southwest Gas Corp.’s dividend payout ratio (DPR) is presently 59.02%.

Southwest Gas Corp. Company Profile

Southwest Gas Corporation is engaged in the business of purchasing, distributing and transporting natural gas in Arizona, Nevada and California. 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).

5 Day Chart for NYSE:SWX

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