Century Capital Management LLC lowered its position in shares of Southwest Gas Corporation (NYSE:SWX) by 9.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,756 shares of the company’s stock after selling 2,089 shares during the period. Century Capital Management LLC’s holdings in Southwest Gas Corporation were worth $1,514,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in SWX. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Southwest Gas Corporation by 580.6% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,110 shares of the company’s stock worth $147,000 after buying an additional 1,800 shares in the last quarter. Neuberger Berman Group LLC acquired a new stake in shares of Southwest Gas Corporation during the third quarter worth approximately $211,000. LS Investment Advisors LLC boosted its stake in shares of Southwest Gas Corporation by 7.0% in the third quarter. LS Investment Advisors LLC now owns 3,031 shares of the company’s stock worth $212,000 after buying an additional 198 shares in the last quarter. World Asset Management Inc acquired a new stake in shares of Southwest Gas Corporation during the third quarter worth approximately $216,000. Finally, Stifel Financial Corp acquired a new stake in shares of Southwest Gas Corporation during the second quarter worth approximately $218,000. 77.94% of the stock is owned by institutional investors and hedge funds.
Shares of Southwest Gas Corporation (NYSE:SWX) opened at 82.81 on Friday. The stock has a 50 day moving average of $78.65 and a 200-day moving average of $73.65. Southwest Gas Corporation has a 52 week low of $58.50 and a 52 week high of $82.94. The stock has a market capitalization of $3.93 billion, a PE ratio of 25.85 and a beta of 0.51.
Southwest Gas Corporation (NYSE:SWX) last released its earnings results on Monday, November 7th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. Southwest Gas Corporation had a net margin of 6.11% and a return on equity of 9.26%. The company earned $539.97 million during the quarter, compared to analysts’ expectations of $528.36 million. During the same period last year, the business earned ($0.03) EPS. Southwest Gas Corporation’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities research analysts expect that Southwest Gas Corporation will post $3.17 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Wednesday, February 15th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.17%. The ex-dividend date is Monday, February 13th. Southwest Gas Corporation’s payout ratio is 56.25%.
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A number of analysts have commented on SWX shares. Zacks Investment Research raised shares of Southwest Gas Corporation from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a report on Saturday, January 14th. Jefferies Group LLC cut shares of Southwest Gas Corporation from a “hold” rating to an “underperform” rating and set a $65.00 price objective for the company. in a research note on Thursday, January 12th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Southwest Gas Corporation has an average rating of “Hold” and an average target price of $75.50.
In other Southwest Gas Corporation news, VP Gregory J. Peterson sold 600 shares of Southwest Gas Corporation stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $75.19, for a total transaction of $45,114.00. Following the completion of the sale, the vice president now directly owns 14,246 shares in the company, valued at approximately $1,071,156.74. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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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