Southwest Gas Corp. Upgraded to “Neutral” at Bank of America Corp. (SWX)
Southwest Gas Corp. (NYSE:SWX) was upgraded by equities research analysts at Bank of America Corp. from an “underperform” rating to a “neutral” rating in a research note issued to investors on Friday, AnalystRatingsNetwork reports.
In other Southwest Gas Corp. news, EVP John Hester unloaded 2,500 shares of the stock on the open market in a transaction dated Friday, December 27th. The stock was sold at an average price of $55.80, for a total value of $139,500.00. Following the sale, the executive vice president now directly owns 41,633 shares of the company’s stock, valued at approximately $2,323,121. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Southwest Gas Corp. (NYSE:SWX) traded up 1.08% on Friday, hitting $55.16. 52,794 shares of the company’s stock traded hands. Southwest Gas Corp. has a 1-year low of $42.02 and a 1-year high of $56.03. The stock’s 50-day moving average is $53.40 and its 200-day moving average is $50.44. The company has a market cap of $2.557 billion and a P/E ratio of 16.96.
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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