TD Asset Management Inc. cut its position in shares of Southwest Gas Corporation (NYSE:SWX) by 11.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,015 shares of the utilities provider’s stock after selling 2,255 shares during the period. TD Asset Management Inc.’s holdings in Southwest Gas Corporation were worth $1,316,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SWX. 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 during 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 during the last quarter. Bank of America Corp DE increased its stake in Southwest Gas Corporation by 74.8% in the first quarter. Bank of America Corp DE now owns 635,225 shares of the utilities provider’s stock worth $52,667,000 after buying an additional 271,826 shares during the last quarter. 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 during the last quarter. Finally, Bank of Montreal Can increased its stake in Southwest Gas Corporation by 123.5% in the second quarter. Bank of Montreal Can now owns 221,987 shares of the utilities provider’s stock worth $16,218,000 after buying an additional 122,663 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Shares of Southwest Gas Corporation (NYSE:SWX) opened at 80.23 on Friday. The firm has a market capitalization of $3.82 billion, a P/E ratio of 24.84 and a beta of 0.60. The company has a 50-day moving average price of $79.54 and a 200-day moving average price of $80.66. Southwest Gas Corporation has a 12-month low of $64.26 and a 12-month high of $86.65.

Southwest Gas Corporation (NYSE:SWX) last released its earnings results on Monday, August 7th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.09. The firm had revenue of $560.50 million during the quarter, compared to analyst estimates of $564.84 million. Southwest Gas Corporation had a net margin of 6.46% and a return on equity of 9.09%. The business’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the business earned $0.19 EPS. Equities analysts predict that Southwest Gas Corporation will post $3.42 EPS for the current year.

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A number of analysts recently weighed in on SWX shares. Jefferies Group LLC restated a “sell” rating and issued a $68.00 price objective on shares of Southwest Gas Corporation in a report on Tuesday, May 9th. BidaskClub upgraded Southwest Gas Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, Zacks Investment Research upgraded Southwest Gas Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $80.50.

In other news, SVP Karen S. Haller sold 1,300 shares of the firm’s 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 completion of the sale, the senior vice president now owns 26,639 shares in the company, valued at approximately $2,156,427.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Kenneth J. Kenny sold 600 shares of the firm’s 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 owns 17,137 shares of the company’s stock, valued at approximately $1,386,383.30. 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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