Trade Report: Today, 600 Shares of Southwest Gas Corp. (SWX) Stock are sold by Gregory J. Peterson

Today, 600 Shares of Southwest Gas Corp. (SWX) Stock are sold by Gregory J. Peterson

Southwest Gas Corp. (NYSE:SWX) VP Gregory J. Peterson sold 600 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $75.19, for a total transaction of $45,114.00. Following the sale, the vice president now owns 14,246 shares of the company’s stock, valued at $1,071,156.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Southwest Gas Corp. (NYSE:SWX) opened at 73.95 on Friday. Southwest Gas Corp. has a 1-year low of $50.53 and a 1-year high of $79.58. The company has a market capitalization of $3.51 billion, a P/E ratio of 23.09 and a beta of 0.46. The company has a 50-day moving average of $70.23 and a 200-day moving average of $72.25.

Southwest Gas Corp. (NYSE:SWX) last announced its quarterly earnings results on Monday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. The company had revenue of $539.97 million for the quarter, compared to the consensus estimate of $528.36 million. Southwest Gas Corp. had a net margin of 6.11% and a return on equity of 9.26%. Southwest Gas Corp.’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.03) EPS. Equities analysts expect that Southwest Gas Corp. will post $3.16 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Wednesday, February 15th will be paid a $0.45 dividend. The ex-dividend date is Monday, February 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.43%. Southwest Gas Corp.’s payout ratio is currently 56.25%.

Institutional investors have recently modified their holdings of the company. State Street Corp boosted its position in shares of Southwest Gas Corp. by 47.2% in the second quarter. State Street Corp now owns 1,598,917 shares of the company’s stock worth $125,848,000 after buying an additional 512,734 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Southwest Gas Corp. by 9.6% in the second quarter. Vanguard Group Inc. now owns 4,098,310 shares of the company’s stock worth $322,579,000 after buying an additional 359,211 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of Southwest Gas Corp. by 34.8% in the second quarter. Macquarie Group Ltd. now owns 1,290,116 shares of the company’s stock worth $101,545,000 after buying an additional 333,337 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Southwest Gas Corp. by 25.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,547,633 shares of the company’s stock worth $121,814,000 after buying an additional 313,860 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Southwest Gas Corp. by 158.1% in the second quarter. American Century Companies Inc. now owns 306,799 shares of the company’s stock worth $24,148,000 after buying an additional 187,929 shares during the last quarter. 80.04% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently commented on SWX shares. Argus reaffirmed a “hold” rating on shares of Southwest Gas Corp. in a research note on Thursday, September 8th. Zacks Investment Research raised shares of Southwest Gas Corp. from a “sell” rating to a “hold” rating and set a $77.00 price objective for the company in a research note on Tuesday, October 18th. Finally, Jefferies Group raised shares of Southwest Gas Corp. from an “underperform” rating to a “hold” rating and set a $65.00 price objective for the company in a research note on Thursday, October 13th. Five analysts have rated the stock with a hold rating, Southwest Gas Corp. has an average rating of “Hold” and a consensus target price of $72.75.

About Southwest Gas Corp.

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