17,331 Shares in Southwest Gas Corporation $SWX Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. bought a new stake in shares of Southwest Gas Corporation (NYSE:SWX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 17,331 shares of the utilities provider’s stock, valued at approximately $1,537,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bell Investment Advisors Inc acquired a new stake in Southwest Gas in the second quarter worth about $28,000. EverSource Wealth Advisors LLC increased its holdings in shares of Southwest Gas by 223.5% during the second quarter. EverSource Wealth Advisors LLC now owns 440 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 304 shares in the last quarter. Kingdom Financial Group LLC. acquired a new position in shares of Southwest Gas during the fourth quarter valued at about $56,000. Harbour Investments Inc. raised its position in shares of Southwest Gas by 301.0% in the 4th quarter. Harbour Investments Inc. now owns 834 shares of the utilities provider’s stock valued at $67,000 after purchasing an additional 626 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of Southwest Gas by 21.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 939 shares of the utilities provider’s stock valued at $70,000 after purchasing an additional 165 shares during the last quarter. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on SWX. Wall Street Zen downgraded shares of Southwest Gas from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Weiss Ratings cut shares of Southwest Gas from a “buy (a-)” rating to a “buy (b)” rating in a report on Monday, August 17th. Mizuho set a $103.00 price objective on shares of Southwest Gas in a research note on Wednesday, August 5th. Wells Fargo & Company boosted their price objective on shares of Southwest Gas from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Finally, UBS Group set a $100.00 target price on Southwest Gas in a research report on Thursday, May 7th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $98.29.

Southwest Gas Stock Down 2.5%

Southwest Gas stock opened at $88.98 on Friday. The stock has a market capitalization of $6.45 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 2.11 and a beta of 0.57. Southwest Gas Corporation has a 12 month low of $76.17 and a 12 month high of $94.46. The business has a 50 day simple moving average of $90.68 and a 200-day simple moving average of $89.04. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.83 and a quick ratio of 0.71.

Southwest Gas (NYSE:SWX) last announced its earnings results on Wednesday, August 5th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. Southwest Gas had a return on equity of 6.91% and a net margin of 31.85%.The firm had revenue of $358.15 million for the quarter, compared to analyst estimates of $416.20 million. During the same quarter last year, the firm posted ($0.18) EPS. The business’s revenue was down 9.6% on a year-over-year basis. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. On average, analysts anticipate that Southwest Gas Corporation will post 4.25 EPS for the current fiscal year.

Southwest Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a dividend of $0.645 per share. The ex-dividend date is Monday, August 17th. This represents a $2.58 dividend on an annualized basis and a yield of 2.9%. Southwest Gas’s dividend payout ratio is currently 33.68%.

Southwest Gas Company 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.