Southwest Gas Corporation (SWX) VP Gregory J. Peterson Sells 1,000 Shares
Southwest Gas Corporation (NYSE:SWX) VP Gregory J. Peterson sold 1,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $85.72, for a total value of $85,720.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Southwest Gas Corporation (SWX) traded up $0.28 during trading hours on Friday, hitting $86.23. The stock had a trading volume of 356,778 shares, compared to its average volume of 229,559. Southwest Gas Corporation has a 52-week low of $71.51 and a 52-week high of $86.65. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market cap of $4,102.07, a PE ratio of 25.28, a PEG ratio of 3.90 and a beta of 0.61.
Southwest Gas (NYSE:SWX) last posted its earnings results on Tuesday, November 7th. The utilities provider reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.07. Southwest Gas had a return on equity of 9.56% and a net margin of 6.64%. The firm had revenue of $593.15 million for the quarter, compared to analysts’ expectations of $579.40 million. During the same period last year, the firm earned $0.05 EPS. The company’s quarterly revenue was up 9.8% on a year-over-year basis. equities research analysts expect that Southwest Gas Corporation will post 3.42 earnings per share for the current year.
Several equities research analysts have weighed in on the company. Citigroup increased their price target on Southwest Gas from $79.00 to $82.00 and gave the stock a “neutral” rating in a research report on Monday, November 20th. UBS raised their target price on Southwest Gas from $83.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, November 8th. Zacks Investment Research upgraded Southwest Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. KeyCorp restated a “hold” rating on shares of Southwest Gas in a research report on Friday, October 20th. Finally, Jefferies Group restated a “hold” rating and set a $70.00 target price on shares of Southwest Gas in a research report on Thursday, August 31st. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Southwest Gas presently has a consensus rating of “Hold” and an average target price of $81.25.
Large investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Southwest Gas by 7.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,725 shares of the utilities provider’s stock valued at $126,000 after buying an additional 118 shares in the last quarter. Flinton Capital Management LLC lifted its stake in Southwest Gas by 69.7% in the 2nd quarter. Flinton Capital Management LLC now owns 2,416 shares of the utilities provider’s stock valued at $177,000 after buying an additional 992 shares in the last quarter. Ashfield Capital Partners LLC purchased a new position in Southwest Gas in the 3rd quarter valued at about $212,000. Riverhead Capital Management LLC lifted its stake in Southwest Gas by 74.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,797 shares of the utilities provider’s stock valued at $204,000 after buying an additional 1,197 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Southwest Gas in the 2nd quarter valued at about $213,000. Hedge funds and other institutional investors own 77.50% of the company’s stock.
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Southwest Gas 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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