The VP of Southwest Gas Corp. (NYSE: SWX) is Selling Shares

By Carrie Williams

Today, the VP of Southwest Gas Corp. (NYSE: SWX), Gregory Peterson, sold shares of SWX for $45.11K.

Following Gregory Peterson’s last SWX Sell transaction on June 01, 2016, the stock climbed by 6.0%. In addition to Gregory Peterson, 3 other SWX executives reported Sell trades in the last month.

Based on Southwest Gas Corp.’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $540 million and quarterly net profit of $2.47 million. In comparison, last year the company earned revenue of $505 million and had a GAAP net loss of $4.73 million. The company has a one year high of $79.58 and a one year low of $50.53. SWX’s market cap is $3.59B and the company has a P/E ratio of 23.65.

The insider sentiment on Southwest Gas Corp. has been neutral according to 84 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.

Gregory Peterson’s trades have generated a -16.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

Southwest Gas Corp. engages in the provision of natural gas services. It operates through the Natural Gas Operation and Construction Services segments. The Natural Gas Operation segment deals with the business of purchasing, distributing, and transporting natural gas for customers in portions of Arizona, Nevada, and California. The Construction Services segment through the Centuri Construction Group, Inc., is full-service underground piping contractor that provides utility companies with trenching and installation, replacement, and maintenance services for energy distribution systems, and industrial construction solutions. The company was founded by Harold G. Laub in March 1931 and is headquartered in Las Vegas, NV.