Southwest Gas Corporation (NYSE:SWX) declared a quarterly dividend on Tuesday, November 15th. Stockholders of record on Wednesday, February 15th will be paid a dividend of 0.45 per share on Wednesday, March 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Monday, February 13th.
Southwest Gas Corporation (NYSE:SWX) opened at 82.81 on Friday. Southwest Gas Corporation has a one year low of $58.50 and a one year high of $82.94. The firm has a market capitalization of $3.93 billion, a PE ratio of 25.85 and a beta of 0.51. The stock’s 50 day moving average is $78.65 and its 200-day moving average is $73.65.
Southwest Gas Corporation (NYSE:SWX) last announced its quarterly earnings results on Monday, November 7th. The company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.04. The business earned $539.97 million during the quarter, compared to analysts’ expectations of $528.36 million. Southwest Gas Corporation had a net margin of 6.11% and a return on equity of 9.26%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.03) EPS. On average, analysts anticipate that Southwest Gas Corporation will post $3.17 EPS for the current fiscal year.
In other Southwest Gas Corporation news, VP Gregory J. Peterson sold 600 shares of the company’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $75.19, for a total value of $45,114.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which can be accessed through the SEC website. 1.34% of the stock is currently owned by corporate insiders.
Several brokerages have weighed in on SWX. Zacks Investment Research raised shares of Southwest Gas Corporation from a “hold” rating to a “buy” rating and set a $88.00 price target for the company in a research report on Saturday, January 14th. Jefferies Group LLC lowered 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 report on Thursday, January 12th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $75.50.
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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