KeyCorp reaffirmed their hold rating on shares of Southwest Gas Corporation (NYSE:SWX) in a research note released on Friday.

SWX has been the topic of a number of other reports. BidaskClub downgraded Southwest Gas Corporation from a sell rating to a strong sell rating in a research note on Tuesday, June 27th. Zacks Investment Research raised Southwest Gas Corporation from a sell rating to a hold rating in a research note on Wednesday, August 16th. Finally, Jefferies Group LLC reaffirmed a sell rating and set a $68.00 price target on shares of Southwest Gas Corporation in a research note on Tuesday, May 9th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $80.50.

Shares of Southwest Gas Corporation (NYSE SWX) opened at 79.59 on Friday. Southwest Gas Corporation has a 52-week low of $64.26 and a 52-week high of $86.65. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 24.64 and a beta of 0.62. The stock’s 50 day moving average price is $80.17 and its 200-day moving average price is $80.58.

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

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In other news, SVP Karen S. Haller sold 1,300 shares of the stock in a transaction that occurred on 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 directly owns 26,639 shares of the company’s stock, valued at $2,156,427.05. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Kenneth J. Kenny sold 600 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was 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 directly owns 17,137 shares of the company’s stock, 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.

Several institutional investors have recently modified their holdings of SWX. BlackRock Inc. raised its stake in shares of 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 purchasing an additional 5,692,518 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of 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 purchasing an additional 849,583 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Southwest Gas Corporation by 53.9% in the second quarter. Macquarie Group Ltd. now owns 1,353,810 shares of the utilities provider’s stock worth $98,909,000 after purchasing an additional 474,320 shares during the last quarter. AJO LP raised its stake in shares of Southwest Gas Corporation by 279.6% in the second quarter. AJO LP now owns 399,472 shares of the utilities provider’s stock worth $29,185,000 after purchasing an additional 294,244 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Southwest Gas Corporation by 336.6% in the second quarter. Renaissance Technologies LLC now owns 370,700 shares of the utilities provider’s stock worth $27,083,000 after purchasing an additional 285,800 shares during the last quarter. 76.85% of the stock is owned by hedge funds and other institutional investors.

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).

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