Southwest Gas Corporation (SWX) VP Sells $85,720.00 in Stock
Southwest Gas Corporation (NYSE:SWX) VP Gregory J. Peterson sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $85.72, for a total transaction of $85,720.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Southwest Gas Corporation (SWX) opened at $86.23 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.01. The stock has a market cap of $4,115.92, a PE ratio of 25.36, a price-to-earnings-growth ratio of 3.91 and a beta of 0.61. Southwest Gas Corporation has a 52-week low of $71.51 and a 52-week high of $86.65.
Southwest Gas (NYSE:SWX) last announced its earnings results on Tuesday, November 7th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.07. The company had revenue of $593.15 million during the quarter, compared to analysts’ expectations of $579.40 million. Southwest Gas had a net margin of 6.64% and a return on equity of 9.56%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.05 earnings per share. equities analysts expect that Southwest Gas Corporation will post 3.42 EPS for the current year.
The firm 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 dividend of $0.495 per share. This represents a $1.98 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Wednesday, February 14th. Southwest Gas’s payout ratio is currently 58.24%.
Several analysts recently commented on SWX shares. Zacks Investment Research upgraded shares of Southwest Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. BidaskClub cut shares of Southwest Gas from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 23rd. Jefferies Group reiterated a “hold” rating and issued a $70.00 price objective on shares of Southwest Gas in a research note on Thursday, August 31st. KeyCorp reiterated a “hold” rating on shares of Southwest Gas in a research note on Friday, September 1st. Finally, UBS raised their price objective on shares of Southwest Gas from $83.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $81.25.
Institutional investors and hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Southwest Gas by 7.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,725 shares of the utilities provider’s stock worth $126,000 after acquiring an additional 118 shares during the last quarter. Flinton Capital Management LLC raised its position in Southwest Gas by 69.7% during the second quarter. Flinton Capital Management LLC now owns 2,416 shares of the utilities provider’s stock worth $177,000 after acquiring an additional 992 shares during the last quarter. Ashfield Capital Partners LLC acquired a new position in Southwest Gas during the third quarter worth about $212,000. Riverhead Capital Management LLC raised its position in Southwest Gas by 74.8% during the second quarter. Riverhead Capital Management LLC now owns 2,797 shares of the utilities provider’s stock worth $204,000 after acquiring an additional 1,197 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Southwest Gas during the second quarter worth about $213,000. Institutional investors own 77.50% of the company’s stock.
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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