Southwest Gas Corporation (NYSE:SWX) – Equities research analysts at Jefferies Group increased their Q3 2017 EPS estimates for Southwest Gas Corporation in a note issued to investors on Thursday. Jefferies Group analyst C. Sighinolfi now anticipates that the utilities provider will post earnings per share of $0.17 for the quarter, up from their previous estimate of $0.14. Jefferies Group currently has a “Hold” rating and a $70.00 price target on the stock. Jefferies Group also issued estimates for Southwest Gas Corporation’s FY2018 earnings at $3.56 EPS, FY2019 earnings at $3.64 EPS, FY2020 earnings at $3.95 EPS and FY2021 earnings at $4.26 EPS.

Several other equities research analysts have also issued reports on SWX. BidaskClub lowered shares of Southwest Gas Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 27th. Zacks Investment Research raised shares of Southwest Gas Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, KeyCorp reissued a “hold” rating on shares of Southwest Gas Corporation in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The company has an average rating of “Hold” and a consensus price target of $80.50.

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Southwest Gas Corporation (NYSE SWX) opened at 80.00 on Monday. Southwest Gas Corporation has a 12 month low of $64.26 and a 12 month high of $86.65. The firm has a 50-day moving average of $80.30 and a 200 day moving average of $80.48. The stock has a market cap of $3.81 billion, a PE ratio of 24.77 and a beta of 0.62.

Southwest Gas Corporation (NYSE:SWX) last posted its earnings results on Monday, August 7th. The utilities provider reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.09. Southwest Gas Corporation had a net margin of 6.46% and a return on equity of 9.09%. The firm 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 firm earned $0.19 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis.

Several hedge funds have recently made changes to their positions in SWX. BlackRock Inc. boosted its stake in shares of Southwest Gas Corporation by 5,500.3% in the first quarter. BlackRock Inc. now owns 5,796,013 shares of the utilities provider’s stock valued at $480,546,000 after purchasing an additional 5,692,518 shares during the period. Vanguard Group Inc. boosted its stake in shares of Southwest Gas Corporation by 19.0% in the first quarter. Vanguard Group Inc. now owns 5,332,229 shares of the utilities provider’s stock valued at $442,095,000 after purchasing an additional 849,583 shares during the period. Macquarie Group Ltd. boosted its stake in shares of Southwest Gas Corporation by 53.9% in the second quarter. Macquarie Group Ltd. now owns 1,353,810 shares of the utilities provider’s stock valued at $98,909,000 after purchasing an additional 474,320 shares during the period. AJO LP boosted its stake in shares of Southwest Gas Corporation by 279.6% in the second quarter. AJO LP now owns 399,472 shares of the utilities provider’s stock valued at $29,185,000 after purchasing an additional 294,244 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Southwest Gas Corporation by 336.6% in the second quarter. Renaissance Technologies LLC now owns 370,700 shares of the utilities provider’s stock valued at $27,083,000 after purchasing an additional 285,800 shares during the period. Institutional investors and hedge funds own 76.85% of the company’s stock.

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

About Southwest Gas Corporation

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).

Earnings History and Estimates for Southwest Gas Corporation (NYSE:SWX)

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