Southwest Gas Corp. (NYSE:SWX) VP Gregory J. Peterson sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $75.19, for a total transaction of $45,114.00. Following the completion of the sale, the vice president now directly owns 14,246 shares in the company, valued at approximately $1,071,156.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Southwest Gas Corp. (NYSE:SWX) opened at 74.87 on Monday. The firm’s 50-day moving average is $70.62 and its 200-day moving average is $72.30. The firm has a market cap of $3.55 billion, a PE ratio of 23.37 and a beta of 0.46. Southwest Gas Corp. has a 12-month low of $50.53 and a 12-month high of $79.58.
Southwest Gas Corp. (NYSE:SWX) last issued its earnings results on Monday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.04. Southwest Gas Corp. had a return on equity of 9.26% and a net margin of 6.11%. The business earned $539.97 million during the quarter, compared to analysts’ expectations of $528.36 million. During the same quarter in the previous year, the business earned ($0.03) EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Equities analysts expect that Southwest Gas Corp. will post $3.16 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Wednesday, February 15th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Monday, February 13th. Southwest Gas Corp.’s payout ratio is currently 56.25%.
Hedge funds have recently modified their holdings of the company. Advisor Group Inc. purchased a new stake in shares of Southwest Gas Corp. during the second quarter worth about $106,000. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Southwest Gas Corp. by 580.6% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,110 shares of the company’s stock worth $147,000 after buying an additional 1,800 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of Southwest Gas Corp. during the second quarter worth about $190,000. Ashfield Capital Partners LLC purchased a new stake in shares of Southwest Gas Corp. during the second quarter worth about $215,000. Finally, Stifel Financial Corp purchased a new stake in shares of Southwest Gas Corp. during the second quarter worth about $218,000. Institutional investors and hedge funds own 77.84% of the company’s stock.
Several analysts recently weighed in on the stock. Zacks Investment Research raised shares of Southwest Gas Corp. from a “sell” rating to a “hold” rating and set a $77.00 target price on the stock in a report on Tuesday, October 18th. Argus reissued a “hold” rating on shares of Southwest Gas Corp. in a report on Thursday, September 8th. Finally, Jefferies Group raised shares of Southwest Gas Corp. from an “underperform” rating to a “hold” rating and set a $65.00 price objective on the stock in a report on Thursday, October 13th. Five equities research analysts have rated the stock with a hold rating, Southwest Gas Corp. currently has a consensus rating of “Hold” and a consensus price target of $72.75.
Southwest Gas Corp. Company Profile