Nationwide Fund Advisors increased its holdings in shares of Southwest Gas Corporation (NYSE:SWX) by 10.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 163,915 shares of the utilities provider’s stock after purchasing an additional 15,261 shares during the quarter. Nationwide Fund Advisors owned 0.34% of Southwest Gas Corporation worth $11,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Ameriprise Financial Inc. lifted its holdings in shares of Southwest Gas Corporation by 2.7% during the second quarter. Ameriprise Financial Inc. now owns 751,284 shares of the utilities provider’s stock valued at $54,889,000 after purchasing an additional 19,466 shares in the last quarter. Dorsey Wright & Associates purchased a new stake in Southwest Gas Corporation during the second quarter valued at $1,694,000. TIAA CREF Investment Management LLC increased its position in Southwest Gas Corporation by 17.5% during the second quarter. TIAA CREF Investment Management LLC now owns 275,822 shares of the utilities provider’s stock valued at $20,152,000 after acquiring an additional 41,101 shares during the last quarter. Seven Eight Capital LP purchased a new stake in Southwest Gas Corporation during the second quarter valued at $336,000. Finally, Symphony Asset Management LLC increased its position in Southwest Gas Corporation by 117.1% during the second quarter. Symphony Asset Management LLC now owns 6,361 shares of the utilities provider’s stock valued at $465,000 after acquiring an additional 3,431 shares during the last quarter. 76.81% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently commented on SWX shares. BidaskClub cut Southwest Gas Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 27th. Jefferies Group LLC upgraded Southwest Gas Corporation from an “underperform” rating to a “hold” rating and upped their price objective for the company from $68.00 to $70.00 in a research report on Wednesday, July 12th. Zacks Investment Research upgraded Southwest Gas Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, KeyCorp reiterated a “hold” rating on shares of Southwest Gas Corporation in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and an average target price of $80.50.

Shares of Southwest Gas Corporation (NYSE:SWX) opened at 77.37 on Monday. Southwest Gas Corporation has a 52-week low of $64.26 and a 52-week high of $86.65. The company’s 50-day moving average price is $80.01 and its 200-day moving average price is $80.13. The stock has a market cap of $3.68 billion, a PE ratio of 23.95 and a beta of 0.62.

Southwest Gas Corporation (NYSE:SWX) last announced its quarterly earnings results on Monday, August 7th. The utilities provider reported $0.37 earnings per share 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 firm had revenue of $560.50 million during the quarter, compared to analyst estimates of $564.84 million. During the same quarter in the previous year, the business earned $0.19 EPS. Southwest Gas Corporation’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, equities research analysts forecast that Southwest Gas Corporation will post $3.43 earnings per share for the current fiscal year.

In related news, SVP Karen S. Haller sold 1,300 shares of Southwest Gas Corporation stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $80.95, for a total value of $105,235.00. Following the completion of the transaction, the senior vice president now owns 26,639 shares in the company, valued at approximately $2,156,427.05. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Kenneth J. Kenny sold 600 shares of Southwest Gas Corporation 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 completion of the transaction, the vice president now owns 17,137 shares of the company’s stock, valued at approximately $1,386,383.30. The disclosure for this sale can be found here. 0.99% of the stock is owned by insiders.

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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).

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

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