KeyCorp restated their hold rating on shares of Southwest Gas Corporation (NYSE:SWX) in a research report sent to investors on Friday morning.

Several other equities analysts have also weighed in on the stock. Jefferies Group LLC reiterated a sell rating and set a $68.00 price objective on shares of Southwest Gas Corporation in a report on Tuesday, May 9th. BidaskClub upgraded shares of Southwest Gas Corporation from a sell rating to a hold rating in a report on Monday, July 24th. 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 analyst has rated the stock with a sell rating and six have given a hold rating to the company. The stock presently has an average rating of Hold and an average price target of $80.50.

Southwest Gas Corporation (NYSE:SWX) opened at 79.59 on Friday. The firm’s 50-day moving average price is $80.17 and its 200-day moving average price is $80.58. Southwest Gas Corporation has a 12-month low of $64.26 and a 12-month high of $86.65. The company has a market cap of $3.79 billion, a PE ratio of 24.64 and a beta of 0.62.

Southwest Gas Corporation (NYSE:SWX) last announced its quarterly earnings data on Monday, August 7th. The utilities provider reported $0.37 earnings per share 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 quarter in the prior year, the business earned $0.19 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. Equities research analysts forecast that Southwest Gas Corporation will post $3.42 earnings per share for the current fiscal year.

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In related news, SVP Karen S. Haller sold 1,300 shares of the company’s 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 sale, the senior vice president now owns 26,639 shares in the company, valued at approximately $2,156,427.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kenneth J. Kenny sold 600 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was 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 approximately $1,386,383.30. The disclosure for this sale can be found here. Corporate insiders own 1.34% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. YorkBridge Wealth Partners LLC raised its holdings in shares of Southwest Gas Corporation by 14.4% in the 1st quarter. YorkBridge Wealth Partners LLC now owns 1,268 shares of the utilities provider’s stock worth $106,000 after acquiring an additional 160 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings 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 worth $126,000 after acquiring an additional 118 shares during the last quarter. Flinton Capital Management LLC raised its holdings 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 worth $177,000 after acquiring an additional 992 shares during the last quarter. Riverhead Capital Management LLC raised its holdings 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 worth $204,000 after acquiring an additional 1,197 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC acquired a new stake in shares of Southwest Gas Corporation in the 1st quarter worth about $205,000. Institutional investors own 76.85% of the company’s stock.

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).

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