BidaskClub downgraded shares of Southwest Gas Corporation (NYSE:SWX) from a sell rating to a strong sell rating in a report published on Wednesday morning.

SWX has been the subject of a number of other research reports. Jefferies Group LLC reaffirmed a sell rating and issued a $68.00 price target on shares of Southwest Gas Corporation in a report on Tuesday, May 9th. Zacks Investment Research raised shares of Southwest Gas Corporation from a sell rating to a hold rating in a report on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The company has an average rating of Hold and a consensus target price of $80.50.

Shares of Southwest Gas Corporation (SWX) opened at 80.23 on Wednesday. Southwest Gas Corporation has a 52-week low of $64.26 and a 52-week high of $86.65. The firm has a 50 day moving average price of $79.54 and a 200-day moving average price of $80.66. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 24.84 and a beta of 0.60.

Southwest Gas Corporation (NYSE:SWX) last announced its quarterly earnings results on Monday, August 7th. The utilities provider reported $0.37 EPS for the quarter, beating 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 firm had revenue of $560.50 million during the quarter, compared to the consensus estimate of $564.84 million. During the same quarter last year, the firm earned $0.19 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities research analysts anticipate that Southwest Gas Corporation will post $3.42 earnings per share for the current year.

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In related news, SVP Karen S. Haller sold 1,300 shares of the stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $80.95, for a total value of $105,235.00. Following the sale, the senior vice president now directly owns 26,639 shares of the company’s stock, valued at approximately $2,156,427.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kenneth J. Kenny sold 600 shares of the stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $80.90, for a total transaction of $48,540.00. Following the completion of the sale, the vice president now directly owns 17,137 shares in the company, valued at $1,386,383.30. The disclosure for this sale can be found here. Corporate insiders own 1.34% of the company’s stock.

A number of hedge funds have recently bought and sold shares of SWX. YorkBridge Wealth Partners LLC raised its stake in Southwest Gas Corporation by 14.4% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,268 shares of the utilities provider’s stock worth $106,000 after buying an additional 160 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Southwest Gas Corporation by 7.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,725 shares of the utilities provider’s stock worth $126,000 after buying an additional 118 shares during the period. Flinton Capital Management LLC raised its stake in Southwest Gas Corporation by 69.7% in the second quarter. Flinton Capital Management LLC now owns 2,416 shares of the utilities provider’s stock worth $177,000 after buying an additional 992 shares during the period. Riverhead Capital Management LLC raised its stake in Southwest Gas Corporation by 74.8% in the second quarter. Riverhead Capital Management LLC now owns 2,797 shares of the utilities provider’s stock worth $204,000 after buying an additional 1,197 shares during the period. Finally, Jaffetilchin Investment Partners LLC purchased a new stake in Southwest Gas Corporation during the first quarter worth $205,000. 78.63% of the stock is currently owned by institutional investors.

About Southwest Gas Corporation

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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