Campbell & CO Investment Adviser LLC Takes Position in Southwest Gas Corporation (NYSE:SWX)

Campbell & CO Investment Adviser LLC acquired a new position in shares of Southwest Gas Corporation (NYSE:SWX) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,919 shares of the utilities provider’s stock, valued at approximately $213,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Southwest Gas Corporation by 5,500.3% in the first quarter. BlackRock Inc. now owns 5,796,013 shares of the utilities provider’s stock worth $480,546,000 after buying an additional 5,692,518 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Southwest Gas Corporation by 19.0% in the first quarter. Vanguard Group Inc. now owns 5,332,229 shares of the utilities provider’s stock worth $442,095,000 after buying an additional 849,583 shares in the last quarter. State Street Corp boosted its position in shares of Southwest Gas Corporation by 0.6% in the first quarter. State Street Corp now owns 1,597,272 shares of the utilities provider’s stock worth $132,435,000 after buying an additional 9,239 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Southwest Gas Corporation by 1.6% in the first quarter. Ameriprise Financial Inc. now owns 731,818 shares of the utilities provider’s stock worth $60,677,000 after buying an additional 11,797 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Southwest Gas Corporation by 34.0% in the first quarter. AQR Capital Management LLC now owns 725,020 shares of the utilities provider’s stock worth $60,111,000 after buying an additional 184,040 shares in the last quarter. Hedge funds and other institutional investors own 78.55% of the company’s stock.

Southwest Gas Corporation (NYSE:SWX) traded up 0.59% on Friday, hitting $81.15. 286,298 shares of the stock traded hands. Southwest Gas Corporation has a 1-year low of $64.26 and a 1-year high of $86.65. The stock has a 50-day moving average price of $77.91 and a 200 day moving average price of $80.68. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 25.12 and a beta of 0.60.

Southwest Gas Corporation (NYSE:SWX) last posted its quarterly earnings data on Monday, August 7th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.09. The firm had revenue of $560.50 million for the quarter, compared to the consensus estimate of $564.84 million. Southwest Gas Corporation had a net margin of 6.46% and a return on equity of 9.09%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.19 EPS. On average, analysts anticipate that Southwest Gas Corporation will post $3.38 EPS for the current fiscal year.

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SWX has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Southwest Gas Corporation from a “sell” rating to a “hold” rating in a report on Saturday, April 22nd. Jefferies Group LLC upgraded shares of Southwest Gas Corporation from an “underperform” rating to a “hold” rating and boosted their price objective for the company from $68.00 to $70.00 in a report on Wednesday, July 12th. Finally, BidaskClub cut shares of Southwest Gas Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $80.50.

In other Southwest Gas Corporation news, VP Kenneth J. Kenny sold 600 shares of Southwest Gas Corporation stock in a transaction on Friday, August 11th. The shares were sold at an average price of $80.90, for a total transaction of $48,540.00. Following the transaction, the vice president now directly owns 17,137 shares of the company’s stock, valued at approximately $1,386,383.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Karen S. Haller sold 1,300 shares of Southwest Gas Corporation stock in a transaction 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 transaction, the senior vice president now directly owns 26,639 shares in the company, valued at $2,156,427.05. The disclosure for this sale can be found here. 1.34% of the stock is owned by insiders.

About Southwest Gas Corporation

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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