Southwest Gas Corp. (SWX) SVP Sells $17,529.75 in Stock
Southwest Gas Corp. (NYSE:SWX) SVP Eric Debonis sold 245 shares of the firm’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $71.55, for a total transaction of $17,529.75. Following the completion of the sale, the senior vice president now owns 18,358 shares in the company, valued at $1,313,514.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Southwest Gas Corp. (NYSE:SWX) traded up 0.39% during trading on Thursday, hitting $72.87. 12,149 shares of the 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 $3.46 billion, a P/E ratio of 22.75 and a beta of 0.46. The firm’s 50-day moving average is $69.61 and its 200-day moving average is $72.00.
Southwest Gas Corp. (NYSE:SWX) last released its earnings results on Monday, November 7th. The company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.04. Southwest Gas Corp. had a net margin of 6.11% and a return on equity of 9.26%. The firm had revenue of $539.97 million for the quarter, compared to analyst estimates of $528.36 million. During the same period in the prior year, the firm earned ($0.03) earnings per share. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, analysts forecast that Southwest Gas Corp. will post $3.16 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Investors of record on Wednesday, February 15th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Monday, February 13th. Southwest Gas Corp.’s dividend payout ratio (DPR) is 56.25%.
A number of research firms have issued reports on SWX. Zacks Investment Research raised shares of Southwest Gas Corp. from a “sell” rating to a “hold” rating and set a $77.00 price target for the company in a research report on Tuesday, October 18th. Jefferies Group raised shares of Southwest Gas Corp. from an “underperform” rating to a “hold” rating and set a $65.00 price target for the company in a research report on Thursday, October 13th. Argus reissued a “hold” rating on shares of Southwest Gas Corp. in a research report on Thursday, September 8th. Finally, Citigroup Inc. raised their price target on shares of Southwest Gas Corp. from $62.00 to $79.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. Five analysts have rated the stock with a hold rating, Southwest Gas Corp. presently has an average rating of “Hold” and an average target price of $72.75.
A number of institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. acquired a new position in shares of Southwest Gas Corp. during the second quarter worth about $106,000. Fuller & Thaler Asset Management Inc. increased its position in shares of Southwest Gas Corp. by 580.6% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,110 shares of the company’s stock worth $147,000 after buying an additional 1,800 shares during the period. O Shaughnessy Asset Management LLC acquired a new position in shares of Southwest Gas Corp. during the second quarter worth about $190,000. Ashfield Capital Partners LLC acquired a new position in shares of Southwest Gas Corp. during the second quarter worth about $215,000. Finally, Stifel Financial Corp acquired a new position in shares of Southwest Gas Corp. during the second quarter worth about $218,000. 80.56% of the stock is owned by hedge funds and other institutional investors.
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).
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