Southwest Gas Corporation (SWX) : Ahl Partners Llp scooped up 169,776 additional shares in Southwest Gas Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 192,677 shares of Southwest Gas Corporation which is valued at $14,073,128.Southwest Gas Corporation makes up approximately 0.84% of Ahl Partners Llp’s portfolio.
Other Hedge Funds, Including , Raymond James Financial Services Advisors added SWX to its portfolio by purchasing 9,408 company shares during the most recent quarter which is valued at $687,160. Southwest Gas Corporation makes up approx 0.01% of Raymond James Financial Services Advisors’s portfolio.Ajo Lp reduced its stake in SWX by selling 16,201 shares or 3.92% in the most recent quarter. The Hedge Fund company now holds 396,672 shares of SWX which is valued at $29,920,969. Southwest Gas Corporation makes up approx 0.13% of Ajo Lp’s portfolio.Swiss National Bank boosted its stake in SWX in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 78,400 shares of Southwest Gas Corporation which is valued at $5,977,216. Southwest Gas Corporation makes up approx 0.01% of Swiss National Bank’s portfolio.
Southwest Gas Corporation (SWX) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $69.83 and reached the intraday high at $70.04. The bulls started the profit booking and pushed the shares to intraday low of $69.46. The trading session was marked by a volume range of 1,73,263 shares exchanging hands. The 52-week high of the shares is $79.58 and the 52-week low is $50.53. The market cap of the company stands at $3,315 M and there are 4,74,81,930 shares in public circulation.
On the company’s financial health, Southwest Gas Corporation reported $0.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.18. The company had revenue of $547.75 million for the quarter, compared to analysts expectations of $561.21 million. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.
Many Wall Street Analysts have commented on Southwest Gas Corporation. Southwest Gas Corporation was Downgraded by Jefferies to ” Underperform” on Jul 25, 2016.
Southwest Gas Corporation is engaged in the business of purchasing distributing and transporting natural gas in Arizona Nevada and California. The Company has two business segments: natural gas operations and construction services. The Company operates two pipeline transmission systems: a system including 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. The natural gas operations segment includes acquiring and arranging delivery of natural gas to its system. The construction services segment consists of Centuri which includes NPL Construction Co. Link-Line Contractors W.S. Nicholls Construction and Brigadier Pipelines.