Southwest Gas Corp (SWX): Eric Debonis , SVP/Operations of Southwest Gas Corp sold 800 shares on Jun 2, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $70.08 per share for a total value of $56,062.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 1, 2016, Gregory J Peterson (VP/Controller/CAO) sold 1,800 shares at $70.17 per share price.On May 27, 2016, Roy R Centrella (SVP/Chief Financial Officer) sold 1,000 shares at $69.25 per share price.Also, On May 13, 2016, Karen S Haller (SVP/General Counsel/Corp. Secr) sold 1,000 shares at $69.85 per share price.On May 11, 2016, Edward A Janov (SVP/Corporate Development) sold 700 shares at $68.29 per share price.
Southwest Gas Corporation: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in Southwest Gas Corporation which led to swings in the share price. The shares opened for trading at $69.33 and hit $70.59 on the upside , eventually ending the session at $70.53, with a gain of 1.58% or 1.1 points. The heightened volatility saw the trading volume jump to 2,25,544 shares. The 52-week high of the share price is $70.59 and the company has a market cap of $3,348 M . The 52-week low of the share price is at $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.