Southwest Gas Corporation $SWX Holdings Cut by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its stake in shares of Southwest Gas Corporation (NYSE:SWX) by 0.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,054,750 shares of the utilities provider’s stock after selling 6,001 shares during the period. Dimensional Fund Advisors LP’s holdings in Southwest Gas were worth $91,660,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in Southwest Gas by 223.5% in the second quarter. EverSource Wealth Advisors LLC now owns 440 shares of the utilities provider’s stock worth $33,000 after buying an additional 304 shares during the last quarter. Kingdom Financial Group LLC. acquired a new stake in Southwest Gas in the fourth quarter valued at approximately $56,000. Harbour Investments Inc. lifted its stake in Southwest Gas by 301.0% in the fourth quarter. Harbour Investments Inc. now owns 834 shares of the utilities provider’s stock valued at $67,000 after acquiring an additional 626 shares during the last quarter. Advisory Services Network LLC bought a new stake in Southwest Gas in the third quarter worth approximately $72,000. Finally, Daiwa Securities Group Inc. grew its position in Southwest Gas by 21.3% in the second quarter. Daiwa Securities Group Inc. now owns 939 shares of the utilities provider’s stock worth $70,000 after acquiring an additional 165 shares in the last quarter. 92.77% of the stock is owned by institutional investors and hedge funds.

Southwest Gas Stock Down 1.0%

Shares of SWX stock opened at $91.75 on Thursday. The firm has a market cap of $6.64 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 2.19 and a beta of 0.58. Southwest Gas Corporation has a 12 month low of $75.75 and a 12 month high of $94.46. The stock has a 50 day moving average of $89.60 and a 200-day moving average of $88.18. The company has a quick ratio of 1.32, a current ratio of 1.45 and a debt-to-equity ratio of 0.84.

Southwest Gas (NYSE:SWX) last posted its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.03. Southwest Gas had a net margin of 19.95% and a return on equity of 6.95%. The company had revenue of $585.12 million for the quarter, compared to analyst estimates of $695.52 million. During the same period last year, the business posted $1.58 EPS. The business’s quarterly revenue was down 21.6% on a year-over-year basis. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. On average, equities analysts predict that Southwest Gas Corporation will post 4.27 EPS for the current year.

Southwest Gas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a dividend of $0.645 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $2.58 dividend on an annualized basis and a yield of 2.8%. Southwest Gas’s dividend payout ratio (DPR) is 37.39%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on SWX shares. Wells Fargo & Company began coverage on shares of Southwest Gas in a report on Monday, May 11th. They set an “overweight” rating and a $105.00 price target on the stock. Mizuho increased their target price on shares of Southwest Gas from $96.00 to $98.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 9th. Citigroup raised their target price on Southwest Gas from $99.00 to $106.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. raised Southwest Gas from a “neutral” rating to an “overweight” rating and set a $100.00 price target for the company in a research report on Thursday, May 7th. Finally, Weiss Ratings raised Southwest Gas from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $97.29.

Southwest Gas Profile

Southwest Gas Corporation (NYSE: SWX) is a publicly traded natural gas utility that provides regulated gas distribution services to residential, commercial, industrial and electric generation customers. The company’s core activities include the transportation, distribution and sale of natural gas through an extensive network of pipelines, service lines and metering facilities. Southwest Gas also offers related services such as system maintenance, pipeline safety inspections, emergency response and line extensions to support customer growth and ensure reliable gas delivery.

Founded in 1931 in southern Nevada, Southwest Gas has grown through strategic acquisitions and organic expansion to become one of the nation’s larger natural gas utilities by customer count.