Intrust Bank NA raised its position in shares of Southwest Gas Corporation (NYSE:SWX) by 6.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,927 shares of the utilities provider’s stock after buying an additional 245 shares during the period. Intrust Bank NA’s holdings in Southwest Gas Corporation were worth $286,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in SWX. Prudential Financial Inc. boosted its position in shares of Southwest Gas Corporation by 25.6% in the second quarter. Prudential Financial Inc. now owns 469,650 shares of the utilities provider’s stock worth $34,313,000 after buying an additional 95,800 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Southwest Gas Corporation by 14.1% in the second quarter. Victory Capital Management Inc. now owns 341,247 shares of the utilities provider’s stock worth $24,932,000 after buying an additional 42,165 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Southwest Gas Corporation by 6.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 21,344 shares of the utilities provider’s stock worth $1,559,000 after buying an additional 1,222 shares during the last quarter. William Blair Investment Management LLC boosted its position in shares of Southwest Gas Corporation by 19.4% in the second quarter. William Blair Investment Management LLC now owns 309,993 shares of the utilities provider’s stock worth $22,648,000 after buying an additional 50,361 shares during the last quarter. Finally, Marshall Wace North America L.P. acquired a new position in shares of Southwest Gas Corporation during the second quarter worth approximately $2,979,000. 76.85% of the stock is currently owned by institutional investors and hedge funds.

Southwest Gas Corporation (NYSE:SWX) opened at 80.20 on Wednesday. The firm has a 50-day moving average of $79.54 and a 200 day moving average of $80.66. Southwest Gas Corporation has a 52 week low of $64.26 and a 52 week high of $86.65. The firm has a market capitalization of $3.82 billion, a PE ratio of 24.83 and a beta of 0.60.

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

ILLEGAL ACTIVITY NOTICE: “Intrust Bank NA Acquires 245 Shares of Southwest Gas Corporation (SWX)” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this report can be read at https://www.thecerbatgem.com/2017/08/30/intrust-bank-na-acquires-245-shares-of-southwest-gas-corporation-swx.html.

A number of brokerages have recently commented on SWX. BidaskClub cut shares of Southwest Gas Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 23rd. Zacks Investment Research raised shares of Southwest Gas Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Finally, Jefferies Group LLC raised shares of Southwest Gas Corporation from an “underperform” rating to a “hold” rating and boosted their price objective for the company from $68.00 to $70.00 in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Southwest Gas Corporation has a consensus rating of “Hold” and a consensus target price of $80.50.

In related news, SVP Karen S. Haller sold 1,300 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was 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 $2,156,427.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kenneth J. Kenny sold 600 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $80.90, for a total value 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. Corporate insiders own 1.34% of the company’s stock.

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).

Want to see what other hedge funds are holding SWX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southwest Gas Corporation (NYSE:SWX).

Institutional Ownership by Quarter for Southwest Gas Corporation (NYSE:SWX)

Receive News & Stock Ratings for Southwest Gas Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Gas Corporation and related stocks with our FREE daily email newsletter.