Southwest Gas Corporation (SWX) Position Maintained by EULAV Asset Management
EULAV Asset Management held its stake in Southwest Gas Corporation (NYSE:SWX) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,600 shares of the company’s stock at the end of the third quarter. EULAV Asset Management’s holdings in Southwest Gas Corporation were worth $2,906,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Advisor Group Inc. bought a new stake in Southwest Gas Corporation during the second quarter valued at $106,000. O Shaughnessy Asset Management LLC bought a new stake in Southwest Gas Corporation during the second quarter valued at $190,000. Stifel Financial Corp bought a new stake in Southwest Gas Corporation during the second quarter valued at $218,000. LS Investment Advisors LLC raised its stake in Southwest Gas Corporation by 75.4% in the second quarter. LS Investment Advisors LLC now owns 2,833 shares of the company’s stock valued at $223,000 after buying an additional 1,218 shares during the period. Finally, Neuberger Berman Group LLC bought a new stake in Southwest Gas Corporation during the third quarter valued at $211,000. Hedge funds and other institutional investors own 77.79% of the company’s stock.
Shares of Southwest Gas Corporation (NYSE:SWX) traded down 0.34% on Friday, hitting $78.17. The stock had a trading volume of 124,794 shares. Southwest Gas Corporation has a 52 week low of $54.87 and a 52 week high of $79.58. The stock’s 50-day moving average price is $75.88 and its 200 day moving average price is $73.33. The company has a market cap of $3.71 billion, a PE ratio of 24.41 and a beta of 0.47.
Southwest Gas Corporation (NYSE:SWX) last posted its quarterly earnings results on Monday, November 7th. The company reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.04. The firm earned $539.97 million during the quarter, compared to the consensus estimate of $528.36 million. Southwest Gas Corporation had a return on equity of 9.26% and a net margin of 6.11%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company earned ($0.03) earnings per share. On average, analysts predict that Southwest Gas Corporation will post $3.16 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Wednesday, February 15th will be paid a $0.45 dividend. The ex-dividend date is Monday, February 13th. This represents a $1.80 dividend on an annualized basis and a yield of 2.29%. Southwest Gas Corporation’s dividend payout ratio is 56.25%.
A number of research analysts have recently commented on the company. Zacks Investment Research lowered Southwest Gas Corporation from a “buy” rating to a “hold” rating in a report on Wednesday. Jefferies Group lowered Southwest Gas Corporation from a “hold” rating to an “underperform” rating in a report on Thursday. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $72.75.
In other Southwest Gas Corporation news, VP Gregory J. Peterson sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $75.19, for a total value of $45,114.00. Following the completion of the transaction, the vice president now directly owns 14,246 shares in the company, valued at $1,071,156.74. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.34% of the stock is owned by company insiders.
About Southwest Gas Corporation
Southwest Gas Corporation is engaged in the business of purchasing, distributing and transporting natural gas in Arizona, Nevada and California. 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).
Want to see what other hedge funds are holding SWX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southwest Gas Corporation (NYSE:SWX).
Receive News & Ratings for Southwest Gas Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Gas Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.