Southwest Gas Corp (NYSE:SWX) Institutional Investor Positioning

January 17, 2018 - By Vivian Currie

 Southwest Gas Corp (NYSE:SWX) Institutional Investor Positioning

Sentiment for Southwest Gas Corp (NYSE:SWX)

Southwest Gas Corp (NYSE:SWX) institutional sentiment decreased to 1.09 in Q3 2017. Its down -0.33, from 1.42 in 2017Q2. The ratio dropped, as 104 funds started new or increased equity positions, while 95 sold and trimmed equity positions in Southwest Gas Corp. The funds in our partner’s database now possess: 36.72 million shares, up from 35.80 million shares in 2017Q2. Also, the number of funds holding Southwest Gas Corp in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 27 Reduced: 68 Increased: 80 New Position: 24.

Southwest Gas Holdings, Inc. purchases, distributes, and transports natural gas in Arizona, Nevada, and California. The company has market cap of $3.63 billion. The firm operates through two divisions, Natural Gas Operations and Construction Services. It has a 22.45 P/E ratio. As of December 31, 2016, it had 1,984,000 residential, commercial, industrial, and other natural gas customers.

The stock increased 1.37% or $1.03 during the last trading session, reaching $76.07. About 181,481 shares traded. Southwest Gas Holdings, Inc. (NYSE:SWX) has risen 14.20% since January 17, 2017 and is uptrending. It has underperformed by 2.50% the S&P500.

Analysts await Southwest Gas Holdings, Inc. (NYSE:SWX) to report earnings on February, 26. They expect $1.48 earnings per share, up 8.03 % or $0.11 from last year’s $1.37 per share. SWX’s profit will be $70.64M for 12.85 P/E if the $1.48 EPS becomes a reality. After $0.21 actual earnings per share reported by Southwest Gas Holdings, Inc. for the previous quarter, Wall Street now forecasts 604.76 % EPS growth.

Boyer & Corporon Wealth Management Llc holds 1.46% of its portfolio in Southwest Gas Holdings, Inc. for 44,869 shares. Hennessy Advisors Inc owns 337,217 shares or 0.81% of their US portfolio. Moreover, Gabelli Funds Llc has 0.6% invested in the company for 1.34 million shares. The New York-based Gamco Investors Inc. Et Al has invested 0.44% in the stock. Ajo Lp, a Pennsylvania-based fund reported 1.18 million shares.#img1#

Southwest Gas Holdings, Inc. (NYSE:SWX) Ratings Coverage

Ratings analysis reveals 14% of Southwest Gas Corporation’s analysts are positive. Out of 7 Wall Street analysts rating Southwest Gas Corporation, 1 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $57 while the high is $85. The stock’s average target of $76.50 is 0.57% above today’s ($76.07) share price. SWX was included in 21 notes of analysts from July 24, 2015. Jefferies maintained Southwest Gas Holdings, Inc. (NYSE:SWX) on Thursday, August 31 with “Hold” rating. The company was upgraded on Tuesday, December 19 by UBS. The stock of Southwest Gas Holdings, Inc. (NYSE:SWX) earned “Buy” rating by Argus Research on Monday, October 12. The stock has “Hold” rating by Argus Research on Tuesday, May 31. The rating was maintained by Citigroup on Monday, November 20 with “Neutral”. As per Thursday, January 12, the company rating was downgraded by Jefferies. The rating was upgraded by Jefferies to “Hold” on Wednesday, July 12. Zacks upgraded Southwest Gas Holdings, Inc. (NYSE:SWX) on Thursday, August 27 to “Sell” rating. On Monday, October 16 the stock rating was maintained by Jefferies with “Hold”. The stock of Southwest Gas Holdings, Inc. (NYSE:SWX) earned “Neutral” rating by Citigroup on Wednesday, July 27.

More important recent Southwest Gas Holdings, Inc. (NYSE:SWX) news were published by: Seekingalpha.com which released: “Southwest Gas Holdings’ (SWX) CEO John Hester on Q2 2017 Results – Earnings …” on August 09, 2017, also Nasdaq.com published article titled: “Southwest Gas Holdings, Inc. (SWX) Ex-Dividend Date Scheduled for November 14 …”, Seekingalpha.com published: “Southwest Gas Corporation’s (SWX) CEO John Hester on Q3 2017 Results …” on November 08, 2017. More interesting news about Southwest Gas Holdings, Inc. (NYSE:SWX) was released by: Prnewswire.com and their article: “Southwest Gas Holdings, Inc. Announces First Quarter 2017 Earnings” with publication date: May 08, 2017.

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