Southwest Gas Corporation (SWX) To Go Ex-Dividend on August 17th

Southwest Gas Corporation (NYSE:SWX) announced a quarterly dividend on Wednesday, July 15th. Investors of record on Monday, August 17th will be given a dividend of 0.645 per share by the utilities provider on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, August 17th.

Southwest Gas has increased its dividend by an average of 0.0%per year over the last three years. Southwest Gas has a payout ratio of 62.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Southwest Gas to earn $4.85 per share next year, which means the company should continue to be able to cover its $2.58 annual dividend with an expected future payout ratio of 53.2%.

Southwest Gas Stock Performance

Shares of SWX opened at $92.82 on Friday. The stock has a 50 day moving average price of $89.02 and a 200 day moving average price of $87.42. The company has a quick ratio of 1.32, a current ratio of 1.45 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $6.72 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 2.17 and a beta of 0.58. Southwest Gas has a 52-week low of $75.75 and a 52-week high of $94.43.

Southwest Gas (NYSE:SWX) last released its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.03. The company had revenue of $585.12 million for the quarter, compared to analysts’ expectations of $695.52 million. Southwest Gas had a net margin of 19.95% and a return on equity of 6.95%. The firm’s revenue for the quarter was down 21.6% on a year-over-year basis. During the same quarter last year, the company earned $1.58 earnings per share. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. Research analysts predict that Southwest Gas will post 4.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Southwest Gas

Several hedge funds have recently made changes to their positions in SWX. EverSource Wealth Advisors LLC increased its position in Southwest Gas by 223.5% in the 2nd 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 during the period. Kingdom Financial Group LLC. acquired a new stake in Southwest Gas during the 4th quarter worth approximately $56,000. Harbour Investments Inc. grew its stake 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. Daiwa Securities Group Inc. grew its stake 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. Finally, Advisory Services Network LLC acquired a new position in shares of Southwest Gas in the third quarter valued at approximately $72,000. Institutional investors and hedge funds own 92.77% of the company’s stock.

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.