Southwest Gas Corporation (NYSE:SWX) SVP Eric Debonis sold 3,520 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $82.18, for a total transaction of $289,273.60. Following the completion of the transaction, the senior vice president now directly owns 16,060 shares in the company, valued at $1,319,810.80. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Southwest Gas Corporation (SWX) traded down $0.16 during mid-day trading on Friday, hitting $82.69. 180,883 shares of the stock traded hands, compared to its average volume of 263,913. The stock has a market cap of $3,947.42, a price-to-earnings ratio of 24.32, a PEG ratio of 3.75 and a beta of 0.61. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.01. Southwest Gas Corporation has a 1 year low of $71.51 and a 1 year high of $86.65.

Southwest Gas Corporation (NYSE:SWX) last released its quarterly earnings results on Tuesday, November 7th. The utilities provider reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.07. The firm had revenue of $593.15 million for the quarter, compared to analyst estimates of $579.40 million. Southwest Gas Corporation had a net margin of 6.64% and a return on equity of 9.56%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.05 EPS. sell-side analysts forecast that Southwest Gas Corporation will post 3.42 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be given a $0.495 dividend. This represents a $1.98 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Wednesday, February 14th. Southwest Gas Corporation’s payout ratio is 58.24%.

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Several research firms have recently commented on SWX. UBS AG lifted their price target on shares of Southwest Gas Corporation from $83.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, November 8th. KeyCorp reaffirmed a “hold” rating on shares of Southwest Gas Corporation in a research report on Friday, October 20th. Jefferies Group LLC reaffirmed a “hold” rating and set a $70.00 price target on shares of Southwest Gas Corporation in a research report on Monday, October 16th. BidaskClub lowered shares of Southwest Gas Corporation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 23rd. Finally, Zacks Investment Research raised shares of Southwest Gas Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. Southwest Gas Corporation presently has an average rating of “Hold” and an average price target of $81.00.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position 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 purchasing an additional 118 shares during the period. Flinton Capital Management LLC raised its position in Southwest Gas Corporation by 69.7% in the second quarter. Flinton Capital Management LLC now owns 2,416 shares of the utilities provider’s stock valued at $177,000 after purchasing an additional 992 shares during the period. Ashfield Capital Partners LLC purchased a new stake in Southwest Gas Corporation in the third quarter valued at approximately $212,000. Riverhead Capital Management LLC raised its position in Southwest Gas Corporation by 74.8% in the second quarter. Riverhead Capital Management LLC now owns 2,797 shares of the utilities provider’s stock valued at $204,000 after purchasing an additional 1,197 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Southwest Gas Corporation in the second quarter valued at approximately $213,000. 75.65% of the stock is currently owned by 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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