Great West Life Assurance Co. Can increased its position in shares of Southwest Gas Corporation (NYSE:SWX) by 2.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,587 shares of the utilities provider’s stock after buying an additional 612 shares during the period. Great West Life Assurance Co. Can owned approximately 0.06% of Southwest Gas Corporation worth $2,088,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Southwest Gas Corporation by 5,500.3% in the first quarter. BlackRock Inc. now owns 5,796,013 shares of the utilities provider’s stock worth $480,546,000 after buying an additional 5,692,518 shares in the last quarter. Vanguard Group Inc. increased its stake in Southwest Gas Corporation by 19.0% in the first quarter. Vanguard Group Inc. now owns 5,332,229 shares of the utilities provider’s stock worth $442,095,000 after buying an additional 849,583 shares in the last quarter. State Street Corp increased its stake in Southwest Gas Corporation by 0.6% in the first quarter. State Street Corp now owns 1,597,272 shares of the utilities provider’s stock worth $132,435,000 after buying an additional 9,239 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Southwest Gas Corporation by 1.6% in the first quarter. Ameriprise Financial Inc. now owns 731,818 shares of the utilities provider’s stock worth $60,677,000 after buying an additional 11,797 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Southwest Gas Corporation by 34.0% in the first quarter. AQR Capital Management LLC now owns 725,020 shares of the utilities provider’s stock worth $60,111,000 after buying an additional 184,040 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Southwest Gas Corporation (NYSE:SWX) opened at 80.23 on Friday. The firm has a 50-day moving average price of $79.54 and a 200-day moving average price of $80.66. The firm has a market capitalization of $3.82 billion, a PE ratio of 24.84 and a beta of 0.60. Southwest Gas Corporation has a 1-year low of $64.26 and a 1-year high of $86.65.

Southwest Gas Corporation (NYSE:SWX) last released its quarterly earnings results on Monday, August 7th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $560.50 million during the quarter, compared to the consensus estimate of $564.84 million. During the same period in the prior year, the firm earned $0.19 earnings per share. Southwest Gas Corporation’s revenue was up 2.3% on a year-over-year basis. Equities analysts expect that Southwest Gas Corporation will post $3.42 earnings per share for the current fiscal year.

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A number of research firms have issued reports on SWX. Jefferies Group LLC raised Southwest Gas Corporation from an “underperform” rating to a “hold” rating and boosted their target price for the company from $68.00 to $70.00 in a research note on Wednesday, July 12th. BidaskClub cut Southwest Gas Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research raised Southwest Gas Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and an average target price of $80.50.

In other news, VP Kenneth J. Kenny sold 600 shares of the stock in a transaction that occurred on 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 owns 17,137 shares in the company, valued at $1,386,383.30. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Karen S. Haller sold 1,300 shares of the 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 sale, the senior vice president now owns 26,639 shares in the company, valued at approximately $2,156,427.05. The disclosure for this sale can be found here. 1.34% of the stock is currently 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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