NEW YORK ( TheStreet) -- Southwest Gas Corporation (NYSE: SWX) hit a new 52-week high Thursday as it is currently trading at $43.06, above its previous 52-week high of $42.99 with 20,528 shares traded as of 11:04 a.m. ET. Average volume has been 248,900 shares over the past 30 days. Southwest Gas has a market cap of $1.97 billion and is part of the utilities sector and utilities industry. Shares are up 16.8% 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 19.4, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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