Gallagher Fiduciary Advisors LLC Makes New Investment in Southwest Gas Corporation $SWX

Gallagher Fiduciary Advisors LLC purchased a new position in shares of Southwest Gas Corporation (NYSE:SWX) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,654 shares of the utilities provider’s stock, valued at approximately $501,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Odyssean LLC grew its stake in shares of Southwest Gas by 616.6% in the 2nd 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. Man Group plc bought a new position in shares of Southwest Gas during the second quarter valued at about $9,818,000. Jupiter Topco LLC bought a new position in shares of Southwest Gas during the second quarter valued at about $2,384,000. Hsbc Holdings PLC purchased a new position in Southwest Gas during the second quarter worth about $3,513,000. Finally, Legal & General Group Plc bought a new stake in Southwest Gas in the 2nd quarter worth about $17,767,000. 92.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SWX shares. Weiss Ratings lowered Southwest Gas from a “buy (a-)” rating to a “buy (b)” rating in a report on Monday, August 17th. Wall Street Zen lowered Southwest Gas from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. UBS Group set a $100.00 price objective on Southwest Gas in a research note on Thursday, May 7th. Mizuho set a $103.00 target price on Southwest Gas in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. upgraded Southwest Gas from a “neutral” rating to an “overweight” rating and set a $100.00 target price on the stock in a research note on Thursday, May 7th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $98.29.

Southwest Gas Stock Down 0.4%

SWX opened at $89.19 on Wednesday. Southwest Gas Corporation has a 12 month low of $76.17 and a 12 month high of $94.46. The company has a market cap of $6.46 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 2.13 and a beta of 0.57. The company has a current ratio of 0.83, a quick ratio of 0.71 and a debt-to-equity ratio of 0.89. The company has a 50 day moving average of $90.73 and a 200 day moving average of $89.19.

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

Southwest Gas Dividend Announcement

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

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.