Wellington Management Group LLP Grows Position in Southwest Gas Corporation $SWX

Wellington Management Group LLP grew its holdings in shares of Southwest Gas Corporation (NYSE:SWX) by 19.2% in the second quarter, HoldingsChannel.com reports. The fund owned 271,519 shares of the utilities provider’s stock after purchasing an additional 43,714 shares during the period. Wellington Management Group LLP’s holdings in Southwest Gas were worth $24,078,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of America Corp DE lifted its position in Southwest Gas by 54.8% during the first quarter. Bank of America Corp DE now owns 395,336 shares of the utilities provider’s stock valued at $34,355,000 after purchasing an additional 139,872 shares during the last quarter. Quantinno Capital Management LP grew its stake in Southwest Gas by 204.5% in the 1st quarter. Quantinno Capital Management LP now owns 38,073 shares of the utilities provider’s stock worth $3,309,000 after buying an additional 25,569 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Southwest Gas in the 1st quarter worth $3,799,000. Sierra Summit Advisors LLC bought a new position in shares of Southwest Gas in the 1st quarter worth $986,000. Finally, California State Teachers Retirement System raised its position in shares of Southwest Gas by 30.4% during the 1st quarter. California State Teachers Retirement System now owns 76,336 shares of the utilities provider’s stock valued at $6,634,000 after buying an additional 17,811 shares in the last quarter. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of Southwest Gas from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Mizuho set a $103.00 price target on Southwest Gas in a research report on Wednesday, August 5th. Wall Street Zen lowered Southwest Gas from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings upgraded Southwest Gas from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, August 31st. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.67.

Southwest Gas Trading Down 0.7%

SWX stock opened at $88.03 on Friday. The company has a market capitalization of $6.38 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 2.09 and a beta of 0.57. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.99 and a current ratio of 1.12. Southwest Gas Corporation has a one year low of $76.59 and a one year high of $94.46. The company’s 50 day moving average price is $90.77 and its two-hundred day moving average price is $89.40.

Southwest Gas (NYSE:SWX) last announced its quarterly earnings data 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 net margin of 31.85% and a return on equity of 6.79%. The company had revenue of $358.15 million during the quarter, compared to analysts’ expectations of $416.20 million. During the same quarter in the prior year, the company earned ($0.18) EPS. 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. As a group, analysts predict that Southwest Gas Corporation will post 4.25 earnings per share for the current fiscal year.

Southwest Gas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were given a dividend of $0.645 per share. This represents a $2.58 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, August 17th. Southwest Gas’s dividend 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.