GSA Capital Partners LLP raised its holdings in Southwest Gas Corporation (NYSE:SWX) by 139.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,874 shares of the utilities provider’s stock after acquiring an additional 7,500 shares during the period. GSA Capital Partners LLP’s holdings in Southwest Gas Corporation were worth $941,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Menta Capital LLC lifted its stake in Southwest Gas Corporation by 6.7% in the 2nd quarter. Menta Capital LLC now owns 29,316 shares of the utilities provider’s stock worth $2,142,000 after purchasing an additional 1,850 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of Southwest Gas Corporation by 3.5% during the 2nd quarter. Mutual of America Capital Management LLC now owns 38,349 shares of the utilities provider’s stock worth $2,802,000 after purchasing an additional 1,309 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Southwest Gas Corporation by 97.0% during the 2nd quarter. New York State Common Retirement Fund now owns 100,677 shares of the utilities provider’s stock worth $7,355,000 after purchasing an additional 49,576 shares during the last quarter. Magellan Asset Management Ltd boosted its holdings in shares of Southwest Gas Corporation by 7.3% during the 2nd quarter. Magellan Asset Management Ltd now owns 32,050 shares of the utilities provider’s stock worth $2,342,000 after purchasing an additional 2,174 shares during the last quarter. Finally, Thrivent Financial For Lutherans boosted its holdings in shares of Southwest Gas Corporation by 0.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 161,720 shares of the utilities provider’s stock worth $11,815,000 after purchasing an additional 670 shares during the last quarter. Institutional investors own 76.81% of the company’s stock.

Shares of Southwest Gas Corporation (NYSE:SWX) opened at 77.62 on Monday. 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 $3.69 billion, a PE ratio of 24.03 and a beta of 0.61. The company’s 50-day moving average is $80.01 and its 200 day moving average is $80.13.

Southwest Gas Corporation (NYSE:SWX) last issued its quarterly earnings data on Monday, August 7th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. Equities analysts expect that Southwest Gas Corporation will post $3.42 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a dividend of $0.495 per share. This represents a $1.98 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Tuesday, November 14th. Southwest Gas Corporation’s dividend payout ratio is presently 61.11%.

In other Southwest Gas Corporation news, 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 transaction, the vice president now directly owns 17,137 shares in the company, valued at approximately $1,386,383.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Karen S. Haller sold 1,300 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $80.95, for a total transaction of $105,235.00. Following the completion of the transaction, the senior vice president now owns 26,639 shares in the company, valued at $2,156,427.05. The disclosure for this sale can be found here. Company insiders own 0.99% of the company’s stock.

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A number of equities research analysts have recently issued reports on SWX shares. BidaskClub lowered Southwest Gas Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 27th. Zacks Investment Research upgraded Southwest Gas Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Jefferies Group LLC reissued a “hold” rating and set a $70.00 price objective 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 investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $80.50.

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

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