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.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be given a dividend of $0.495 per share. This represents a $1.98 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Wednesday, February 14th. Southwest Gas’s dividend payout ratio (DPR) is presently 58.24%.

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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