Southwest Gas Corp (SWX): Roy R Centrella , SVP/Chief Financial Officer of Southwest Gas Corp sold 1,000 shares on May 27, 2016. The Insider selling transaction was reported by the company on May 27, 2016 to the Securities and Exchange Commission. The shares were sold at $69.25 per share for a total value of $69,250.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 27, 2016, Roy R Centrella (SVP/Chief Financial Officer) sold 1,000 shares at $69.25 per share price.On May 13, 2016, Karen S Haller (SVP/General Counsel/Corp. Secr) sold 1,000 shares at $69.85 per share price.Also, On May 11, 2016, Edward A Janov (SVP/Corporate Development) sold 700 shares at $68.29 per share price.On Mar 30, 2016, Kenneth J Kenny (VP/Finance/Treasur) sold 700 shares at $66.10 per share price.
Shares of Southwest Gas Corporation (SWX) ended Wednesday, May 25, 2016 session in red amid volatile trading. The shares closed down -0.21 points or -0.30% at $68.98 with 1,61,626 shares getting traded. Post opening the session at $69.07, the shares hit an intraday low of $68.58 and an intraday high of $69.35 and the price vacillated in this range throughout the day. The company has a market cap of $3,275 M and the number of outstanding shares has been calculated to be 4,74,71,582 shares. The 52-week high of Southwest Gas Corporation is $70.51 and the 52-week low is $50.53.
On May 4, 2016, Southwest Gas Corporation announced a cash dividend of $0.4500. The company’s management has announced Aug 11, 2016 as the ex-dividend date and fixed the record date on Aug 15, 2016. The payable date has been fixed on Sep 1, 2016.
Company has been under the radar of several Street Analysts.Southwest Gas Corporation is Initiated by BB&T Capital Mkts to Hold. The Rating was issued on Mar 30, 2016.Southwest Gas Corporation is Reiterated by Argus to Buy and the brokerage firm has raised the Price Target to $ 70 from a previous price target of $64 .The Rating was issued on Mar 14, 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.