SG Americas Securities LLC Grows Stake in Southwest Gas Corporation (SWX)

SG Americas Securities LLC grew its holdings in Southwest Gas Corporation (NYSE:SWX) by 104.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,728 shares of the utilities provider’s stock after purchasing an additional 19,745 shares during the quarter. SG Americas Securities LLC owned approximately 0.08% of Southwest Gas Corporation worth $3,006,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SWX. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Southwest Gas Corporation by 7.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,725 shares of the utilities provider’s stock valued at $126,000 after purchasing an additional 118 shares during the last quarter. Flinton Capital Management LLC grew its position in shares of Southwest Gas Corporation by 69.7% in the second quarter. Flinton Capital Management LLC now owns 2,416 shares of the utilities provider’s stock valued at $177,000 after purchasing an additional 992 shares during the last quarter. Riverhead Capital Management LLC grew its position in shares of Southwest Gas Corporation by 74.8% in the second quarter. Riverhead Capital Management LLC now owns 2,797 shares of the utilities provider’s stock valued at $204,000 after purchasing an additional 1,197 shares during the last quarter. Ashfield Capital Partners LLC acquired a new stake in shares of Southwest Gas Corporation in the third quarter valued at approximately $212,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Southwest Gas Corporation in the second quarter valued at approximately $213,000. Institutional investors and hedge funds own 75.59% of the company’s stock.

Southwest Gas Corporation (SWX) opened at $82.29 on Wednesday. The firm has a market cap of $3,920.22, a price-to-earnings ratio of 24.16, a price-to-earnings-growth ratio of 3.73 and a beta of 0.61. Southwest Gas Corporation has a 1-year low of $71.51 and a 1-year high of $86.65. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.01.

Southwest Gas Corporation (NYSE:SWX) last announced its quarterly earnings results on Tuesday, November 7th. The utilities provider reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.07. The company had revenue of $593.15 million for the quarter, compared to analyst estimates of $579.40 million. Southwest Gas Corporation had a net margin of 6.64% and a return on equity of 9.56%. Southwest Gas Corporation’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the business earned $0.05 EPS. equities research analysts expect that Southwest Gas Corporation will post 3.42 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be issued a $0.495 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 2.41%. Southwest Gas Corporation’s dividend payout ratio (DPR) is presently 58.24%.

A number of brokerages recently issued reports on SWX. Zacks Investment Research upgraded shares of Southwest Gas Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Citigroup Inc. raised their target price on shares of Southwest Gas Corporation from $79.00 to $82.00 and gave the stock a “neutral” rating in a research report on Monday. BidaskClub lowered shares of Southwest Gas Corporation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 23rd. Jefferies Group LLC restated a “hold” rating and set a $70.00 target price on shares of Southwest Gas Corporation in a research report on Monday, October 16th. Finally, KeyCorp restated a “hold” rating on shares of Southwest Gas Corporation in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Southwest Gas Corporation presently has an average rating of “Hold” and an average price target of $81.25.

In other news, SVP Eric Debonis sold 3,520 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $82.18, for a total value of $289,273.60. Following the transaction, the senior vice president now owns 16,060 shares of the company’s stock, valued at approximately $1,319,810.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Kenneth J. Kenny sold 600 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $80.17, for a total transaction of $48,102.00. Following the completion of the transaction, the vice president now directly owns 16,746 shares in the company, valued at approximately $1,342,526.82. The disclosure for this sale can be found here. 0.99% of the stock is owned by company insiders.

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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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Institutional Ownership by Quarter for Southwest Gas Corporation (NYSE:SWX)

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