NEW YORK ( TheStreet) -- Southwest Gas Corporation (NYSE: SWX) hit a new 52-week high Thursday as it is currently trading at $40.62, above its previous 52-week high of $40.59 with 36,795 shares traded as of 11:51 a.m. ET. Average volume has been 278,500 shares over the past 30 days. Southwest Gas has a market cap of $1.78 billion and is part of the utilities sector and utilities industry. Shares are up 10.3% year to date as of the close of trading on Wednesday. Southwest Gas Corporation engages in the purchase, distribution, and transportation of natural gas in Arizona, Nevada, and California. The company has a P/E ratio of 17.6, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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