Southwest Gas Corporation (SWX) : Piermont Capital Management reduced its stake in Southwest Gas Corporation by 2.36% during the most recent quarter end. The investment management company now holds a total of 58,815 shares of Southwest Gas Corporation which is valued at $4.1 Million after selling 1,420 shares in Southwest Gas Corporation , the firm said in a disclosure report filed with the SEC on May 11, 2016.Southwest Gas Corporation makes up approximately 1.33% of Piermont Capital Management’s portfolio.
Other Hedge Funds, Including , Gsa Capital Partners Llp added SWX to its portfolio by purchasing 4,874 company shares during the most recent quarter which is valued at $340,644. Southwest Gas Corporation makes up approx 0.02% of Gsa Capital Partners Llp’s portfolio.Cibc Asset Management Inc reduced its stake in SWX by selling 114 shares or 2.01% in the most recent quarter. The Hedge Fund company now holds 5,545 shares of SWX which is valued at $387,540.Gamco Investors Et Al reduced its stake in SWX by selling 129,011 shares or 10.53% in the most recent quarter. The Hedge Fund company now holds 1,096,519 shares of SWX which is valued at $73.5 Million. Southwest Gas Corporation makes up approx 0.49% of Gamco Investors Et Al’s portfolio.Icon Advisers Incco reduced its stake in SWX by selling 51,800 shares or 80.69% in the most recent quarter. The Hedge Fund company now holds 12,400 shares of SWX which is valued at $830,676. Southwest Gas Corporation makes up approx 0.06% of Icon Advisers Incco’s portfolio.Municipal Employees’ Retirement System Of Michigan boosted its stake in SWX in the latest quarter, The investment management firm added 4,810 additional shares and now holds a total of 14,330 shares of Southwest Gas Corporation which is valued at $959,967. Southwest Gas Corporation makes up approx 0.06% of Municipal Employees’ Retirement System Of Michigan’s portfolio.
Southwest Gas Corporation opened for trading at $70 and hit $70.51 on the upside on Monday, eventually ending the session at $70.31, with a gain of 0.60% or 0.42 points. The heightened volatility saw the trading volume jump to 1,77,803 shares. Company has a market cap of $3,338 M.
Investors should note that 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.
Many Wall Street Analysts have commented on Southwest Gas Corporation. Southwest Gas Corporation was Initiated by BB&T Capital Mkts to “Hold” on Mar 30, 2016. Company shares were Reiterated by Argus on Mar 14, 2016 to “Buy”, Firm has raised the Price Target to $ 70 from a previous price target of $64 .
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.