Northwestern Mutual Investment Management Company LLC held its position in Southwest Gas Corporation (NYSE:SWX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,194 shares of the utilities provider’s stock at the close of the second quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Southwest Gas Corporation were worth $645,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew 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 valued at $126,000 after acquiring an additional 118 shares during the period. GW&K Investment Management LLC acquired a new position in Southwest Gas Corporation in the second quarter valued at about $205,000. Campbell & CO Investment Adviser LLC acquired a new position in Southwest Gas Corporation in the second quarter valued at about $213,000. World Asset Management Inc grew its stake in Southwest Gas Corporation by 1.5% in the second quarter. World Asset Management Inc now owns 2,985 shares of the utilities provider’s stock valued at $218,000 after acquiring an additional 44 shares during the period. Finally, Eqis Capital Management Inc. grew its stake in Southwest Gas Corporation by 8.7% in the first quarter. Eqis Capital Management Inc. now owns 2,905 shares of the utilities provider’s stock valued at $241,000 after acquiring an additional 233 shares during the period. 76.85% of the stock is owned by hedge funds and other institutional investors.

Shares of Southwest Gas Corporation (NYSE:SWX) opened at 80.00 on Monday. The stock has a 50 day moving average price of $80.30 and a 200-day moving average price of $80.48. Southwest Gas Corporation has a one year low of $64.26 and a one year high of $86.65. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 24.77 and a beta of 0.62.

Southwest Gas Corporation (NYSE:SWX) last posted its earnings results on Monday, August 7th. The utilities provider reported $0.37 EPS for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $564.84 million. During the same quarter last year, the firm earned $0.19 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts expect that Southwest Gas Corporation will post $3.42 EPS for the current year.

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In related news, SVP Karen S. Haller sold 1,300 shares of Southwest Gas Corporation stock in a transaction that occurred on 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 transaction, the senior vice president now directly 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 can be accessed through this link. Also, VP Kenneth J. Kenny sold 600 shares of Southwest Gas Corporation 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 completion of the transaction, the vice president now owns 17,137 shares of the company’s stock, valued at $1,386,383.30. The disclosure for this sale can be found here. Insiders own 1.34% of the company’s stock.

A number of research firms have issued reports on SWX. BidaskClub cut 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. Jefferies Group LLC reissued a “hold” rating and issued a $70.00 target price on shares of Southwest Gas Corporation in a research note on Thursday, August 31st. Finally, KeyCorp reissued a “hold” rating on shares of Southwest Gas Corporation in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Southwest Gas Corporation has an average rating of “Hold” and a consensus target price of $80.50.

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

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