Southwest Gas Corp. VP Sells $48,950 in Stock (SWX)
Southwest Gas Corp. (NYSE:SWX) VP Kenneth Kenny sold 1,000 shares of Southwest Gas Corp. stock on the open market in a transaction dated Thursday, September 19th. The stock was sold at an average price of $48.95, for a total value of $48,950.00. Following the sale, the vice president now directly owns 17,033 shares in the company. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Brean Capital upgraded shares of Southwest Gas Corp. (NYSE:SWX) from a “hold” rating to a “buy” rating in a research note to investors on Monday, August 12th. They now have a $56.00 price target on the stock.
Shares of Southwest Gas Corp. (NYSE:SWX) traded down 0.86% during mid-day trading on Friday, hitting $48.67. 416,436 shares of the company’s stock traded hands. Southwest Gas Corp. has a 1-year low of $39.01 and a 1-year high of $51.52. The stock has a 50-day moving average of $47.9 and a 200-day moving average of $48.36. The company has a market cap of $2.255 billion and a price-to-earnings ratio of 15.38.
The company also recently announced a quarterly dividend, which is scheduled for Monday, December 2nd. Investors of record on Friday, November 15th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Wednesday, November 13th.
Southwest Gas Corporation (NYSE:SWX) is engaged in the business of purchasing, distributing and transporting natural gas to residential, commercial and industrial customers in the southwestern United States.
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