November 23, 2016 - By Marie Mckinney
Southwest Gas Corp VP/Controller/CAO and an insider Gregory Peterson lately sold 600 company shares worth $45,114 at the average share price which was $75.2. Gregory Peterson now owns 16,378 shares which are precisely 0.04% of the Nevada-Company’s total market capitalization. Dated November 23, 2016 the transaction filing is available for review here.
Out of 5 analysts covering Southwest Gas Corporation (NYSE:SWX), 0 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 0 are positive. $79 is the highest target while $57 is the lowest. The $67.67 average target is -9.42% below today’s ($74.71) stock price. Southwest Gas Corporation has been the topic of 10 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was downgraded by Zacks on Tuesday, September 1 to “Hold”. Jefferies downgraded the stock to “Hold” rating in Thursday, October 8 report. The stock of Southwest Gas Corporation (NYSE:SWX) earned “Sell” rating by Zacks on Thursday, August 27. Argus Research maintained Southwest Gas Corporation (NYSE:SWX) rating on Monday, October 12. Argus Research has “Buy” rating and $67 price target. The stock of Southwest Gas Corporation (NYSE:SWX) earned “Neutral” rating by Citigroup on Wednesday, July 27. Jefferies upgraded Southwest Gas Corporation (NYSE:SWX) on Thursday, October 13 to “Hold” rating. Argus Research downgraded Southwest Gas Corporation (NYSE:SWX) on Tuesday, May 31 to “Hold” rating. On Friday, July 24 the stock rating was upgraded by Argus Research to “Buy”. The firm earned “Hold” rating on Wednesday, March 30 by BB&T Capital.
Insitutional Activity: The institutional sentiment increased to 1.15 in Q2 2016. Its up 0.04, from 1.11 in 2016Q1. The ratio increased, as 15 funds sold all Southwest Gas Corporation shares owned while 77 reduced positions. 35 funds bought stakes while 67 increased positions. They now own 37.13 million shares or 0.70% less from 37.39 million shares in 2016Q1.
Copeland Capital Ltd Liability last reported 85,373 shares in the company. The Maryland-based Proshare Limited Liability Corporation has invested 0.01% in Southwest Gas Corporation (NYSE:SWX). Fmr Ltd Liability Company has 1.01M shares for 0.01% of their US portfolio. Northern Trust accumulated 1.22 million shares or 0.03% of the stock. Envestnet Asset Incorporated last reported 2,440 shares in the company. Etrade Mngmt Ltd Liability Co has 0.06% invested in the company for 13,538 shares. Mitsubishi Ufj Tru Banking holds 0% or 5,630 shares in its portfolio. Tci Wealth Advisors accumulated 398 shares or 0.02% of the stock. Wells Fargo Mn holds 0% or 150,502 shares in its portfolio. Arrowstreet Partnership holds 0.07% of its portfolio in Southwest Gas Corporation (NYSE:SWX) for 262,719 shares. Cantab Cap Prns Ltd Liability Partnership holds 0% of its portfolio in Southwest Gas Corporation (NYSE:SWX) for 16,523 shares. Glenmede Na has 800 shares for 0% of their US portfolio. Systematic Limited Partnership has 25,270 shares for 0.03% of their US portfolio. Cim Inv Mangement, a Pennsylvania-based fund reported 3,614 shares. Moreover, Matarin Capital Mgmt Ltd Llc has 0% invested in Southwest Gas Corporation (NYSE:SWX) for 9,404 shares.
Insider Transactions: Since May 27, 2016, the stock had 0 insider purchases, and 11 selling transactions for $605,801 net activity. Shares for $17,529 were sold by DeBonis Eric on Thursday, November 10. Shares for $71,540 were sold by CENTRELLA ROY R on Wednesday, September 21. Hester John P also sold $14,530 worth of Southwest Gas Corporation (NYSE:SWX) on Tuesday, June 7. Another trade for 600 shares valued at $43,320 was sold by KENNY KENNETH J. On Monday, June 13 JANOV EDWARD A sold $44,617 worth of the stock or 600 shares. Shares for $126,125 were sold by Peterson Gregory J.
About 257,049 shares traded hands or 0.77% up from the average. Southwest Gas Corporation (NYSE:SWX) has risen 20.36% since April 21, 2016 and is uptrending. It has outperformed by 15.03% the S&P500.
Southwest Gas Corporation is engaged in the business of purchasing, distributing and transporting natural gas in Arizona, Nevada and California. The company has a market cap of $3.61 billion. The Firm operates through two divisions: natural gas activities and construction services, which includes the activities of the Company’s subsidiary, Centuri Construction Group, Inc., . It has a 23.32 P/E ratio. The Company’s natural gas activities segment includes acquiring and arranging delivery of natural gas to its system in sufficient quantities.
According to Zacks Investment Research, “SOUTHWEST GAS CORP. is principally engaged in the business of purchasing, transporting, and distributing natural gas in portions of Arizona, Nevada, and California. The Company also engaged in financial services activities, through PriMerit Bank, Federal Savings Bank (PriMerit or the Bank), a wholly owned subsidiary.”
Analysts await Southwest Gas Corporation (NYSE:SWX) to report earnings on February, 22. They expect $1.34 EPS, down 2.90% or $0.04 from last year’s $1.38 per share. SWX’s profit will be $64.75M for 13.94 P/E if the $1.34 EPS becomes a reality.
More notable recent Southwest Gas Corporation (NYSE:SWX) news were published by: Prnewswire.com which released: “Southwest Gas Corporation Announces Third Quarter 2016 Earnings” on November 07, 2016, also Prnewswire.com with their article: “Southwest Gas Declares First Quarter 2017 Dividend” published on November 15, 2016, Businesswire.com published: “Fitch Rates Southwest Gas Corporation’s $300MM Notes ‘A'” on September 27, 2016. More interesting news about Southwest Gas Corporation (NYSE:SWX) were released by: Prnewswire.com and their article: “Southwest Gas Corporation Announces Jim Kane To Retire At Year End” published on August 24, 2015 as well as Reuters.com‘s news article titled: “BRIEF-Southwest Gas Corporation announces Q3 2016 earnings” with publication date: November 07, 2016.
Southwest Gas Corporation, incorporated on March 10, 1931, is engaged in the business of purchasing, distributing and transporting natural gas. The Firm operates through two divisions: natural gas activities and construction services, which includes the activities of the Company’s subsidiary, Centuri Construction Group, Inc. (Centuri). The Firm operates two pipeline transmission systems, such as a system, which includes a liquefied natural gas (LNG) storage facility owned by Paiute extending from the Idaho-Nevada border to the Reno, Sparks, and Carson City areas and communities in the Lake Tahoe area in both California and Nevada and other communities in northern and western Nevada, and a system extending from the Colorado River at the southern tip of Nevada to the Las Vegas distribution area.
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