Southwest Gas Corporation (SWX) Shares Bought by Strs Ohio
Strs Ohio boosted its position in Southwest Gas Corporation (NYSE:SWX) by 3.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,300 shares of the utilities provider’s stock after buying an additional 800 shares during the period. Strs Ohio’s holdings in Southwest Gas Corporation were worth $1,556,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its stake in Southwest Gas Corporation by 371.2% in the first quarter. Bank of Montreal Can now owns 99,324 shares of the utilities provider’s stock worth $8,236,000 after buying an additional 78,244 shares during the last quarter. Capstone Asset Management Co. increased its stake in Southwest Gas Corporation by 24.5% in the first quarter. Capstone Asset Management Co. now owns 5,746 shares of the utilities provider’s stock worth $476,000 after buying an additional 1,130 shares during the last quarter. Americafirst Capital Management LLC purchased a new stake in Southwest Gas Corporation during the first quarter worth approximately $1,875,000. Louisiana State Employees Retirement System increased its stake in Southwest Gas Corporation by 2.6% in the first quarter. Louisiana State Employees Retirement System now owns 12,000 shares of the utilities provider’s stock worth $995,000 after buying an additional 300 shares during the last quarter. Finally, Shell Asset Management Co. increased its stake in Southwest Gas Corporation by 0.4% in the first quarter. Shell Asset Management Co. now owns 47,099 shares of the utilities provider’s stock worth $3,905,000 after buying an additional 183 shares during the last quarter. Institutional investors and hedge funds own 78.55% of the company’s stock.
Shares of Southwest Gas Corporation (SWX) opened at 81.15 on Friday. Southwest Gas Corporation has a one year low of $64.26 and a one year high of $86.65. The company has a 50-day moving average price of $77.91 and a 200 day moving average price of $80.68. The firm has a market capitalization of $3.86 billion, a P/E ratio of 25.12 and a beta of 0.60.
Southwest Gas Corporation (NYSE:SWX) last posted its quarterly earnings data on Monday, August 7th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping 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 company had revenue of $560.50 million for the quarter, compared to the consensus estimate of $564.84 million. During the same quarter in the previous year, the firm posted $0.19 EPS. The business’s revenue was up 2.3% compared to the same quarter last year. Analysts expect that Southwest Gas Corporation will post $3.38 earnings per share for the current fiscal year.
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SWX has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Southwest Gas Corporation from a “sell” rating to a “hold” rating in a report on Friday, April 14th. Jefferies Group LLC reiterated a “sell” rating and issued a $68.00 price target on shares of Southwest Gas Corporation in a report on Tuesday, May 9th. Finally, BidaskClub downgraded Southwest Gas Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $80.50.
In other news, VP Kenneth J. Kenny sold 600 shares of the business’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 transaction, the vice president now owns 17,137 shares in the company, valued at approximately $1,386,383.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Karen S. Haller sold 1,300 shares of the business’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 transaction, the senior vice president now owns 26,639 shares in the company, valued at approximately $2,156,427.05. The disclosure for this sale can be found here. Insiders own 1.34% of the company’s stock.
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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