Corient Private Wealth LP Takes Position in Southwest Gas Corporation $SWX

Corient Private Wealth LP purchased a new stake in Southwest Gas Corporation (NYSE:SWX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 26,355 shares of the utilities provider’s stock, valued at approximately $2,337,000.

A number of other institutional investors also recently modified their holdings of SWX. Bank of America Corp DE purchased a new position in Southwest Gas in the 2nd quarter valued at approximately $39,572,000. Freestone Grove Partners LP bought a new stake in Southwest Gas during the 2nd quarter valued at $1,094,000. Gallagher Fiduciary Advisors LLC purchased a new stake in shares of Southwest Gas during the second quarter worth $501,000. Odyssean LLC lifted its position in shares of Southwest Gas by 616.6% during the second quarter. Odyssean LLC now owns 17,178 shares of the utilities provider’s stock worth $1,523,000 after acquiring an additional 14,781 shares in the last quarter. Finally, Man Group plc bought a new position in shares of Southwest Gas in the second quarter worth $9,818,000. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SWX has been the subject of several recent research reports. Weiss Ratings upgraded Southwest Gas from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday. Mizuho set a $103.00 price objective on Southwest Gas in a report on Wednesday, August 5th. Citigroup raised their target price on Southwest Gas from $99.00 to $106.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. UBS Group set a $100.00 target price on Southwest Gas in a report on Thursday, May 7th. Finally, Wells Fargo & Company upped their price target on Southwest Gas from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $100.67.

Southwest Gas Stock Down 0.3%

Shares of NYSE:SWX opened at $89.05 on Thursday. The firm has a fifty day moving average price of $90.83 and a two-hundred day moving average price of $89.40. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.12 and a quick ratio of 0.99. Southwest Gas Corporation has a one year low of $76.59 and a one year high of $94.46. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 2.12 and a beta of 0.57.

Southwest Gas (NYSE:SWX) last posted its earnings results on Wednesday, August 5th. The utilities provider reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. Southwest Gas had a return on equity of 6.79% and a net margin of 31.85%.The business had revenue of $358.15 million during the quarter, compared to analysts’ expectations of $416.20 million. During the same period in the previous year, the business earned ($0.18) earnings per share. The firm’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. Analysts anticipate that Southwest Gas Corporation will post 4.25 EPS for the current fiscal year.

Southwest Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were issued a dividend of $0.645 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $2.58 annualized dividend and a dividend yield of 2.9%. Southwest Gas’s payout ratio is presently 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.