Southwest Gas Corporation (NYSE:SWX) – Equities research analysts at US Capital Advisors issued their Q3 2017 earnings per share (EPS) estimates for Southwest Gas Corporation in a report issued on Wednesday. US Capital Advisors analyst D. Fidell forecasts that the utilities provider will post earnings of $0.10 per share for the quarter.

Several other research analysts also recently weighed in on the stock. KeyCorp restated a “hold” rating on shares of Southwest Gas Corporation in a report on Friday, October 20th. Jefferies Group LLC reiterated a “hold” rating and issued a $70.00 target price on shares of Southwest Gas Corporation in a report on Monday, October 16th. BidaskClub downgraded shares of Southwest Gas Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 23rd. Finally, Zacks Investment Research upgraded shares of Southwest Gas Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $78.00.

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Shares of Southwest Gas Corporation (NYSE SWX) opened at 82.20 on Monday. Southwest Gas Corporation has a 52 week low of $69.85 and a 52 week high of $86.65. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 25.45 and a beta of 0.60. The firm has a 50-day moving average of $79.22 and a 200 day moving average of $79.34.

Southwest Gas Corporation (NYSE:SWX) last issued its quarterly earnings results on Monday, August 7th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, beating the 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 for the quarter, compared to analyst estimates of $564.84 million. During the same period in the previous year, the business earned $0.19 EPS. The company’s revenue was up 2.3% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp increased its holdings in Southwest Gas Corporation by 3.6% during the second quarter. State Street Corp now owns 1,654,461 shares of the utilities provider’s stock worth $120,875,000 after buying an additional 57,189 shares during the last quarter. Northern Trust Corp increased its holdings in Southwest Gas Corporation by 1.8% during the second quarter. Northern Trust Corp now owns 1,444,315 shares of the utilities provider’s stock worth $105,521,000 after buying an additional 26,071 shares during the last quarter. Macquarie Group Ltd. increased its holdings in Southwest Gas Corporation by 53.9% during the second quarter. Macquarie Group Ltd. now owns 1,353,810 shares of the utilities provider’s stock worth $98,909,000 after buying an additional 474,320 shares during the last quarter. FMR LLC increased its holdings in Southwest Gas Corporation by 13.0% during the second quarter. FMR LLC now owns 890,233 shares of the utilities provider’s stock worth $65,040,000 after buying an additional 102,527 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Southwest Gas Corporation by 12.7% during the second quarter. JPMorgan Chase & Co. now owns 819,202 shares of the utilities provider’s stock worth $64,808,000 after buying an additional 92,559 shares during the last quarter. Institutional investors and hedge funds own 76.63% of the company’s stock.

In related news, VP Kenneth J. Kenny sold 600 shares of the firm’s 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 sale, the vice president now owns 17,137 shares in the company, valued at $1,386,383.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Karen S. Haller sold 1,300 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $80.95, for a total transaction of $105,235.00. Following the sale, the senior vice president now owns 26,639 shares of the company’s stock, valued at approximately $2,156,427.05. The disclosure for this sale can be found here. Corporate insiders own 0.99% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be issued a $0.495 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.98 annualized dividend and a dividend yield of 2.41%. Southwest Gas Corporation’s dividend payout ratio is currently 61.11%.

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).

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

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