Southwest Gas Corporation (SWX) SVP Eric Debonis Sells 3,520 Shares

Southwest Gas Corporation (NYSE:SWX) SVP Eric Debonis sold 3,520 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $82.18, for a total transaction of $289,273.60. Following the sale, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Southwest Gas Corporation (SWX) traded up $0.40 during trading hours on Thursday, reaching $82.85. 192,000 shares of the company were exchanged, compared to its average volume of 264,287. Southwest Gas Corporation has a 1 year low of $71.51 and a 1 year high of $86.65. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $3,947.42, a P/E ratio of 24.32, a P/E/G ratio of 3.75 and a beta of 0.61.

Southwest Gas Corporation (NYSE:SWX) last issued its earnings results on Tuesday, November 7th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.07. Southwest Gas Corporation had a net margin of 6.64% and a return on equity of 9.56%. The company had revenue of $593.15 million during the quarter, compared to analysts’ expectations of $579.40 million. During the same period last year, the company posted $0.05 earnings per share. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. analysts predict that Southwest Gas Corporation will post 3.42 earnings per share for the current fiscal year.

The business also recently announced 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 yield of 2.39%. Southwest Gas Corporation’s dividend payout ratio (DPR) is presently 58.24%.

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A number of institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Southwest Gas Corporation by 7.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,725 shares of the utilities provider’s stock worth $126,000 after purchasing an additional 118 shares in the last quarter. Flinton Capital Management LLC increased its stake in shares of Southwest Gas Corporation by 69.7% during the 2nd quarter. Flinton Capital Management LLC now owns 2,416 shares of the utilities provider’s stock worth $177,000 after purchasing an additional 992 shares in the last quarter. Riverhead Capital Management LLC increased its stake in shares of Southwest Gas Corporation by 74.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,797 shares of the utilities provider’s stock worth $204,000 after purchasing an additional 1,197 shares in the last quarter. Ashfield Capital Partners LLC purchased a new position in shares of Southwest Gas Corporation during the 3rd quarter worth approximately $212,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Southwest Gas Corporation during the 2nd quarter worth approximately $213,000. 75.65% of the stock is owned by institutional investors.

Several equities research analysts have recently weighed in on the stock. UBS AG increased their target price on shares of Southwest Gas Corporation from $83.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 8th. Zacks Investment Research upgraded shares of Southwest Gas Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. BidaskClub downgraded shares of Southwest Gas Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Jefferies Group LLC reiterated a “hold” rating and set a $70.00 target price on shares of Southwest Gas Corporation in a research note on Monday, October 16th. Finally, KeyCorp reiterated a “hold” rating on shares of Southwest Gas Corporation in a research note on Friday, October 20th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $81.00.

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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