Southwest Gas Corporation (NYSE:SWX) Stake Acquired By Louisiana State Employees Retirement System

Louisiana State Employees Retirement System added additional shares of Southwest Gas Corporation (NYSE:SWX) by 3.3% through out the Fiscal Q2, based on the latest 13F form document with the Security and Exchange Commission. The fund held 12,400 stocks of the utilities provider’s shares after purchasing an extra 400 shares through out the quarter. Louisiana State Employees Retirement System’s holdings in Southwest Gas Corporation were valued $906,000 during the latest period.

Stocks of Southwest Gas Corporation (NYSE SWX) transacted up 0.59% throughout intraday market trading on early Fri, reaching $81.15. 286,298 stocks of the company were exchanged. Southwest Gas Corporation has a 1 year low of $64.26 has a 1 year high of $86.65. Company’s 50 Day SMA is $77.70 and its 200 SMA is $80.66. The corporation has a valuation of $3.86 B, a PE book ratio of 25.12 along with a stock beta of 0.60.

Many investment firms lately modified to their stake in the share. BlackRock increased its position in stocks of Southwest Gas Corporation by 5,500.3% in the Q1. BlackRock has an ownership of 5,796,013 stocks of the utilities provider’s shares valued at $480,546,000 after scooping up an extra 5,692,518 stocks in the previous period. Vanguard Group increased its position in stocks of Southwest Gas Corporation by 19.0% in the Q1. Vanguard Group has an ownership of 5,332,229 stocks of the utilities provider’s shares valued at $442,095,000 after scooping up an extra 849,583 stocks in the previous period. Bank of America DE increased its position in stocks of Southwest Gas Corporation by 74.8% in the Q1. Bank of America DE has an ownership of 635,225 stocks of the utilities provider’s shares valued at $52,667,000 after scooping up an extra 271,826 stocks in the previous period. AQR Capital Management increased its position in stocks of Southwest Gas Corporation by 34.0% in the Q1. AQR Capital Management has an ownership of 725,020 stocks of the utilities provider’s shares valued at $60,111,000 after scooping up an extra 184,040 stocks in the previous period. Lastly, Bank of Montreal Can increased its position in stocks of Southwest Gas Corporation by 123.5% in the Fiscal Q2. Bank of Montreal Can has an ownership of 221,987 stocks of the utilities provider’s shares valued at $16,218,000 after scooping up an extra 122,663 stocks in the previous period. 78.55% of the shares is owned by large funds.

Southwest Gas Corporation (NYSE:SWX) previously disclosed its periodic earnings reports on early Mon, Aug 7th. The utilities provider posted $0.37 Earnings per share for the period, reaching the Thomson Reuters’ average forecast of $0.28 by $0.09. Southwest Gas Corporation had a net profit margin of 6.46% and a ROE of 9.09%. the business reported sales of $560.50 M for the period compared to brokers forecast of $564.84 M. for the same period in the previous fiscal year, firm reported $0.19 Earnings Per Share. Southwest Gas Corporation’s end of quarter revenue went up 2.3% on a YOY basis. on consensus, Financial experts predict that Southwest Gas Corporation to post $3.38 EPS for the present financial year.

Many brokerage firms have quite recently published research on SWX Stocks. Research firm Zacks lifted stocks of Southwest Gas Corporation from a “sell” recommendation to a “hold” recommendation in a analysis report on Fri morning, Apr 14th. Jefferies reiterated a “sell” recommendation and fixed a $68.00 target price on stock of Southwest Gas Corporation in a study report on early Tue, May 9th. Lastly, BidaskClub downgraded Southwest Gas Corporation from a “sell” recommendation to a “strong sell” recommendation in a analysis report on Tue, Jun 27th. 1 expert has recommended the share with a sell recommendation and five have published a hold recommendation to the firms shares. Southwest Gas Corporation has a consensus rating of “Hold” and an consensus price target of $80.50.

Separately, VP Kenneth J. Kenny unloaded 600 stocks of the shares in a trade on early Fri, Aug 11th. The stock was unloaded at a price range of of $80.90, amounting $48,540.00. after the transaction, the VP has an ownership of 17,137 stocks in the company, assessed at roughly $1,386,383.30. The transaction related to this sale was declared in a transaction filed with the securities and exchange commission, which is accessible through the Security and Exchange Commission website. Also, Senior Vice President Karen S. Haller unloaded 1,300 stocks of the shares in a trade on early Fri, Aug 11th. Shares were disposed in a price range of $80.95, amounting $105,235.00. after the transaction, the SVP has an ownership of 26,639 stocks in the company, assessed at roughly $2,156,427.05. company executives has an ownership of 1.34% of the firms stock.

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