Southwest Gas Corporation (NYSE:SWX) is expected to pay $0.45 on Dec 1, 2016. The indicated annual dividend is $1.80. Shareholders owning the stock before Nov 10, 2016 will be eligible to receive the payout. Based on Southwest Gas Corporation’s current price of $73.14, the dividend is 0.62%. This dividend’s record date is Nov 15, 2016 and the announcement date is Sep 29, 2016. The stock increased 1.11% or $0.8 during the last trading session, hitting $73.14. Southwest Gas Corporation (NYSE:SWX) has risen 14.10% since April 7, 2016 and is uptrending. It has outperformed by 9.32% 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 $3.56 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 23.97 P/E ratio. The Company’s natural gas activities segment includes acquiring and arranging delivery of natural gas to its system in sufficient quantities.
Insitutional Activity: The institutional sentiment decreased to 1.11 in 2016 Q2. Its down 0.20, from 1.31 in 2016Q1. The ratio turned negative, 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.
Eulav Asset Management reported 41,600 shares or 0.18% of all its holdings. Numeric Lc accumulated 220,600 shares or 0.15% of the stock. The California-based California Public Employees Retirement System has invested 0.02% in Southwest Gas Corporation (NYSE:SWX). The Indiana-based Kessler Group Llc has invested 0.18% in Southwest Gas Corporation (NYSE:SWX). Jpmorgan Chase & has 0.01% invested in the company for 479,865 shares. Lazard Asset Mgmt Ltd Llc owns 113,650 shares or 0.02% of their US portfolio. Profund Advsr Lc accumulated 0.06% or 15,670 shares. Blackrock Advsrs Limited Liability has invested 0.01% of its portfolio in Southwest Gas Corporation (NYSE:SWX). Kcg Incorporated last reported 0.11% of its portfolio in the stock. Citadel Advisors Lc has 10,302 shares for 0% of their US portfolio. The Illinois-based Deere has invested 0.02% in Southwest Gas Corporation (NYSE:SWX). Rhumbline Advisers has invested 0.02% of its portfolio in Southwest Gas Corporation (NYSE:SWX). The New York-based Millennium Management Lc has invested 0.01% in Southwest Gas Corporation (NYSE:SWX). Paloma Mngmt Company accumulated 0% or 3,936 shares. Moreover, Walleye Trading Limited Com has 0% invested in Southwest Gas Corporation (NYSE:SWX) for 100 shares.
Insider Transactions: Since May 13, 2016, the stock had 0 buys, and 10 sales for $662,093 net activity. 600 shares were sold by DeBonis Eric, worth $43,792. 1,000 shares with value of $69,845 were sold by Haller Karen S on Friday, May 13. 500 Southwest Gas Corporation (NYSE:SWX) shares with value of $36,349 were sold by KENNY KENNETH J. CENTRELLA ROY R had sold 1,000 shares worth $71,540. $130,328 worth of Southwest Gas Corporation (NYSE:SWX) shares were sold by Hester John P. Shares for $44,617 were sold by JANOV EDWARD A. $126,125 worth of Southwest Gas Corporation (NYSE:SWX) shares were sold by Peterson Gregory J.
Southwest Gas Corporation (NYSE:SWX) Ratings Coverage
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. Southwest Gas Corporation has been the topic of 10 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Citigroup maintained Southwest Gas Corporation (NYSE:SWX) rating on Wednesday, July 27. Citigroup has “Neutral” rating and $79 price target. The rating was maintained by Argus Research on Monday, October 12 with “Buy”. The stock has “Hold” rating given by Argus Research on Tuesday, May 31. The company was downgraded on Tuesday, September 1 by Zacks. The rating was upgraded by Zacks on Thursday, August 27 to “Sell”. On Wednesday, March 30 the stock rating was initiated by BB&T Capital with “Hold”. The firm has “Buy” rating given on Friday, July 24 by Argus Research. The firm has “Hold” rating given on Thursday, October 13 by Jefferies. As per Thursday, October 8, the company rating was downgraded by Jefferies.
More notable recent Southwest Gas Corporation (NYSE:SWX) news were published by: Prnewswire.com which released: “Southwest Gas Corporation Announces Conference Call” on November 09, 2016, also Prnewswire.com with their article: “Southwest Gas Corporation Announces Third Quarter 2016 Earnings” published on November 07, 2016, Reuters.com published: “BRIEF-Southwest Gas Corporation announces Q3 2016 earnings” on November 07, 2016. More interesting news about Southwest Gas Corporation (NYSE:SWX) were released by: Nasdaq.com and their article: “Southwest Gas (SWX) Reports Breakeven Q3 Earnings” published on November 08, 2016 as well as Prnewswire.com‘s news article titled: “Southwest Gas Corporation to Meet with Equity Analysts in New York, NY October …” with publication date: October 03, 2016.
SWX Company Profile
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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