NEW YORK (

TheStreet

) --

Southwest Gas Corporation

(NYSE:

SWX

) hit a new 52-week high Tuesday as it traded at $39.57 compared with its previous 52-Week high of $39.53. Southwest Gas is changing hands at $39.57 with 16,012 shares traded as of 10:16 a.m. ET. Average volume has been 174,900 shares over the past 30 days.

Southwest Gas has a market cap of $1.8 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 6.5% year to date as of the close of trading on Monday.

Southwest Gas Corporation engages in the purchase, distribution, and transportation of natural gas in portions of Arizona, Nevada, and California. The company has a P/E ratio of 17.3, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.5.

TheStreet Ratings rates Southwest Gas as a buy. Among the primary strengths of the company is its solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Southwest Gas Ratings Report

.

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