Southwest Gas Corporation (NYSE:SWX)‘s stock had its “hold” rating reiterated by analysts at KeyCorp in a research report issued to clients and investors on Friday.

A number of other analysts also recently commented on SWX. Jefferies Group LLC reiterated a “hold” rating and issued a $70.00 price objective on shares of Southwest Gas Corporation in a research report on Thursday. BidaskClub cut Southwest Gas Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 23rd. Finally, Zacks Investment Research raised Southwest Gas Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Southwest Gas Corporation presently has an average rating of “Hold” and a consensus price target of $80.50.

Shares of Southwest Gas Corporation (NYSE SWX) traded up 0.09% during midday trading on Friday, hitting $79.59. The stock had a trading volume of 188,869 shares. Southwest Gas Corporation has a 12-month low of $64.26 and a 12-month high of $86.65. The firm has a market cap of $3.79 billion, a PE ratio of 24.64 and a beta of 0.60. The firm has a 50-day moving average of $80.09 and a 200 day moving average of $80.60.

Southwest Gas Corporation (NYSE:SWX) last announced its quarterly earnings data on Monday, August 7th. The utilities provider reported $0.37 EPS for the quarter, topping the Zacks’ 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 company had revenue of $560.50 million during the quarter, compared to the consensus estimate of $564.84 million. During the same quarter last year, the company earned $0.19 EPS. The company’s quarterly revenue was up 2.3% on a year-over-year basis. On average, analysts expect that Southwest Gas Corporation will post $3.42 earnings per share for the current year.

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In related news, SVP Karen S. Haller sold 1,300 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $80.95, for a total transaction of $105,235.00. Following the completion of the sale, the senior vice president now directly owns 26,639 shares of the company’s stock, valued at approximately $2,156,427.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kenneth J. Kenny sold 600 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $80.90, for a total value of $48,540.00. Following the sale, the vice president now directly owns 17,137 shares of the company’s stock, valued at $1,386,383.30. The disclosure for this sale can be found here. Corporate insiders own 1.34% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in SWX. YorkBridge Wealth Partners LLC boosted its stake in Southwest Gas Corporation by 14.4% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,268 shares of the utilities provider’s stock worth $106,000 after buying an additional 160 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Southwest Gas Corporation by 7.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,725 shares of the utilities provider’s stock worth $126,000 after buying an additional 118 shares in the last quarter. Flinton Capital Management LLC boosted its stake in Southwest Gas Corporation by 69.7% in the second quarter. Flinton Capital Management LLC now owns 2,416 shares of the utilities provider’s stock worth $177,000 after buying an additional 992 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in Southwest Gas Corporation by 74.8% in the second quarter. Riverhead Capital Management LLC now owns 2,797 shares of the utilities provider’s stock worth $204,000 after buying an additional 1,197 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC acquired a new stake in Southwest Gas Corporation during the first quarter worth $205,000. 76.85% of the stock is owned by hedge funds and other institutional investors.

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).

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