Southwest Gas Corporation (SWX) Holdings Cut by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its holdings in shares of Southwest Gas Corporation (NYSE:SWX) by 0.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,941 shares of the utilities provider’s stock after selling 4 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Southwest Gas Corporation were worth $507,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SWX. Zurcher Kantonalbank Zurich Cantonalbank increased its position in 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 during the period. GW&K Investment Management LLC acquired a new position in Southwest Gas Corporation during the 2nd quarter worth approximately $205,000. Campbell & CO Investment Adviser LLC acquired a new position in Southwest Gas Corporation during the 2nd quarter worth approximately $213,000. World Asset Management Inc increased its position in Southwest Gas Corporation by 1.5% during the 2nd quarter. World Asset Management Inc now owns 2,985 shares of the utilities provider’s stock worth $218,000 after purchasing an additional 44 shares during the period. Finally, Nine Chapters Capital Management LLC acquired a new position in Southwest Gas Corporation during the 2nd quarter worth approximately $248,000. Institutional investors own 76.81% of the company’s stock.

In other Southwest Gas Corporation 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 transaction, the vice president now owns 17,137 shares in the company, valued at $1,386,383.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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 in the company, valued at approximately $2,156,427.05. The disclosure for this sale can be found here. Insiders own 0.99% of the company’s stock.

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Several research firms have issued reports on SWX. BidaskClub upgraded Southwest Gas Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research upgraded Southwest Gas Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. KeyCorp reiterated a “hold” rating on shares of Southwest Gas Corporation in a research report on Friday, September 1st. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $70.00 target price on shares of Southwest Gas Corporation in a research report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The stock has an average rating of “Hold” and a consensus target price of $80.50.

Shares of Southwest Gas Corporation (SWX) opened at 78.24 on Thursday. The firm has a market cap of $3.72 billion, a PE ratio of 24.22 and a beta of 0.62. The company has a 50 day moving average price of $80.01 and a 200-day moving average price of $80.13. Southwest Gas Corporation has a 12-month low of $64.26 and a 12-month high of $86.65.

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 Zacks’ 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 for the quarter, compared to analyst estimates of $564.84 million. During the same quarter last year, the business earned $0.19 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. Analysts expect that Southwest Gas Corporation will post $3.43 EPS for the current year.

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).

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

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