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.

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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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