Axa Sells 51,300 Shares of Southwest Gas Corporation (SWX)

Axa lowered its holdings in Southwest Gas Corporation (NYSE:SWX) by 22.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 179,800 shares of the utilities provider’s stock after selling 51,300 shares during the quarter. Axa owned approximately 0.38% of Southwest Gas Corporation worth $13,136,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. 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 valued at $126,000 after purchasing an additional 118 shares in the last quarter. GW&K Investment Management LLC bought a new stake in shares of Southwest Gas Corporation in the 2nd quarter valued at about $205,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Southwest Gas Corporation in the 2nd quarter valued at about $213,000. World Asset Management Inc raised its holdings in shares of Southwest Gas Corporation by 1.5% in the 2nd quarter. World Asset Management Inc now owns 2,985 shares of the utilities provider’s stock valued at $218,000 after purchasing an additional 44 shares in the last quarter. Finally, Eqis Capital Management Inc. raised its holdings in shares of Southwest Gas Corporation by 8.7% in the 1st quarter. Eqis Capital Management Inc. now owns 2,905 shares of the utilities provider’s stock valued at $241,000 after purchasing an additional 233 shares in the last quarter. Institutional investors and hedge funds own 76.85% of the company’s stock.

Several research firms have recently commented on SWX. BidaskClub lowered shares of Southwest Gas Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 23rd. Jefferies Group LLC upgraded shares of Southwest Gas Corporation from an “underperform” rating to a “hold” rating and boosted their price target for the company from $68.00 to $70.00 in a report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Southwest Gas Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, KeyCorp restated a “hold” rating on shares of Southwest Gas Corporation in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $80.50.

Southwest Gas Corporation (NYSE SWX) opened at 81.07 on Tuesday. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 25.10 and a beta of 0.62. Southwest Gas Corporation has a 1-year low of $64.26 and a 1-year high of $86.65. The company’s 50 day moving average is $80.26 and its 200 day moving average is $80.39.

Southwest Gas Corporation (NYSE:SWX) last posted its quarterly earnings data on Monday, August 7th. The utilities provider reported $0.37 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $560.50 million during the quarter, compared to analyst estimates of $564.84 million. During the same quarter last year, the firm posted $0.19 earnings per share. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities research analysts forecast that Southwest Gas Corporation will post $3.42 EPS for the current year.

In related news, VP Kenneth J. Kenny sold 600 shares of Southwest Gas Corporation stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $80.90, for a total value of $48,540.00. Following the completion of the transaction, the vice president now owns 17,137 shares in the company, valued at $1,386,383.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Karen S. Haller sold 1,300 shares of Southwest Gas Corporation stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $80.95, for a total transaction of $105,235.00. Following the completion of the transaction, the senior vice president now owns 26,639 shares of the company’s stock, valued at approximately $2,156,427.05. The disclosure for this sale can be found here. Company insiders own 1.34% of the company’s stock.

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Southwest Gas Corporation 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).

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

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