Southwest Gas Corporation $SWX Stock Holdings Lifted by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Southwest Gas Corporation (NYSE:SWX) by 26.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 43,930 shares of the utilities provider’s stock after buying an additional 9,250 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.06% of Southwest Gas worth $3,154,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in Southwest Gas by 1,055.0% during the 1st quarter. Farther Finance Advisors LLC now owns 462 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 422 shares during the period. Headlands Technologies LLC increased its stake in shares of Southwest Gas by 144.0% in the first quarter. Headlands Technologies LLC now owns 510 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 301 shares during the period. Golden State Wealth Management LLC increased its stake in shares of Southwest Gas by 1,001.8% in the first quarter. Golden State Wealth Management LLC now owns 606 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 551 shares during the period. Quarry LP increased its stake in shares of Southwest Gas by 118.3% in the first quarter. Quarry LP now owns 751 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 407 shares during the period. Finally, UMB Bank n.a. increased its stake in shares of Southwest Gas by 41.2% in the first quarter. UMB Bank n.a. now owns 833 shares of the utilities provider’s stock valued at $60,000 after purchasing an additional 243 shares during the period. 92.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on SWX shares. Jefferies Financial Group raised their price target on shares of Southwest Gas from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday. Wall Street Zen upgraded shares of Southwest Gas from a “hold” rating to a “buy” rating in a research note on Friday, June 27th. JPMorgan Chase & Co. dropped their price target on shares of Southwest Gas from $79.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 28th. Finally, Bank of America upgraded shares of Southwest Gas from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $76.00 to $84.00 in a research report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $81.25.

Southwest Gas Stock Down 0.7%

NYSE SWX opened at $78.56 on Friday. The company’s 50 day simple moving average is $77.99 and its 200 day simple moving average is $74.46. Southwest Gas Corporation has a 12 month low of $64.69 and a 12 month high of $80.54. The company has a market capitalization of $5.65 billion, a P/E ratio of 29.31, a PEG ratio of 2.05 and a beta of 0.55. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.01 and a quick ratio of 0.94.

Southwest Gas (NYSE:SWX) last announced its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.11. Southwest Gas had a net margin of 4.06% and a return on equity of 6.98%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the firm posted $0.25 earnings per share. The firm’s revenue was down 5.2% on a year-over-year basis. Equities research analysts expect that Southwest Gas Corporation will post 3.03 earnings per share for the current fiscal year.

Southwest Gas Company Profile

Southwest Gas Holdings, Inc, through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage segments. It also provides trenching, installation, and replacement of underground pipes, as well as maintenance services for energy distribution systems.