Southwest Gas Corporation (NYSE:SWX) has been given an average recommendation of “Hold” by the six research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $78.00.

SWX has been the subject of a number of analyst reports. BidaskClub downgraded shares of Southwest Gas Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 27th. Jefferies Group LLC raised shares of Southwest Gas Corporation from an “underperform” rating to a “hold” rating and raised their target price for the company from $68.00 to $70.00 in a research report on Wednesday, July 12th. 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 reaffirmed a “hold” rating on shares of Southwest Gas Corporation in a research report on Friday, September 1st.

Shares of Southwest Gas Corporation (NYSE:SWX) traded up 0.22% during midday trading on Friday, reaching $80.48. 356,014 shares of the company were exchanged. The stock has a 50-day moving average price of $80.06 and a 200 day moving average price of $80.31. Southwest Gas Corporation has a 52-week low of $64.26 and a 52-week high of $86.65. The company has a market capitalization of $3.83 billion, a P/E ratio of 24.92 and a beta of 0.62.

Southwest Gas Corporation (NYSE:SWX) last released its earnings results on Monday, August 7th. The utilities provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. The business had revenue of $560.50 million during the quarter, compared to the consensus estimate of $564.84 million. Southwest Gas Corporation had a net margin of 6.46% and a return on equity of 9.09%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.19 earnings per share. Equities research analysts expect that Southwest Gas Corporation will post $3.43 EPS for the current fiscal year.

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In other news, SVP Karen S. Haller sold 1,300 shares of Southwest Gas Corporation stock in a transaction dated 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 owns 26,639 shares of the company’s stock, valued at approximately $2,156,427.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Kenneth J. Kenny sold 600 shares of Southwest Gas Corporation stock in a transaction dated 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 directly owns 17,137 shares of the company’s stock, valued at approximately $1,386,383.30. The disclosure for this sale can be found here. Company insiders own 1.34% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Southwest Gas Corporation by 7.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,725 shares of the utilities provider’s stock valued at $126,000 after acquiring an additional 118 shares during the period. Flinton Capital Management LLC grew its position in shares of Southwest Gas Corporation by 69.7% in the 2nd quarter. Flinton Capital Management LLC now owns 2,416 shares of the utilities provider’s stock valued at $177,000 after acquiring an additional 992 shares during the period. Riverhead Capital Management LLC grew its position in shares of Southwest Gas Corporation by 74.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,797 shares of the utilities provider’s stock valued at $204,000 after acquiring an additional 1,197 shares during the period. GW&K Investment Management LLC bought a new position in shares of Southwest Gas Corporation in the 2nd quarter valued at about $205,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Southwest Gas Corporation in the 2nd quarter valued at about $213,000. 76.85% of the stock is owned by institutional investors.

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).

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