Icahn Carl C Has $472.59 Million Stock Position in Southwest Gas Corporation $SWX

Icahn Carl C lowered its holdings in shares of Southwest Gas Corporation (NYSE:SWX) by 19.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 6,032,604 shares of the utilities provider’s stock after selling 1,500,000 shares during the period. Southwest Gas comprises 5.2% of Icahn Carl C’s holdings, making the stock its 3rd largest holding. Icahn Carl C owned about 0.08% of Southwest Gas worth $472,594,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JFS Wealth Advisors LLC boosted its stake in shares of Southwest Gas by 905.3% in the 3rd quarter. JFS Wealth Advisors LLC now owns 382 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 344 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Southwest Gas by 223.5% in 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 during the period. Simplex Trading LLC bought a new stake in Southwest Gas during the 2nd quarter valued at $36,000. Daiwa Securities Group Inc. increased its position in shares of Southwest Gas by 21.3% during the second quarter. Daiwa Securities Group Inc. now owns 939 shares of the utilities provider’s stock worth $70,000 after acquiring an additional 165 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Southwest Gas by 40.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,171 shares of the utilities provider’s stock worth $92,000 after purchasing an additional 339 shares in the last quarter. 92.77% of the stock is owned by institutional investors and hedge funds.

Southwest Gas Stock Up 0.8%

Shares of NYSE SWX opened at $88.03 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.28 and a quick ratio of 1.18. Southwest Gas Corporation has a one year low of $64.69 and a one year high of $90.00. The firm’s 50 day simple moving average is $85.13 and its two-hundred day simple moving average is $81.66. The stock has a market capitalization of $6.36 billion, a P/E ratio of 13.40, a PEG ratio of 2.21 and a beta of 0.63.

Southwest Gas (NYSE:SWX) last announced its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.04). The company had revenue of $480.74 million during the quarter, compared to analysts’ expectations of $587.01 million. Southwest Gas had a return on equity of 6.62% and a net margin of 14.77%.Southwest Gas’s revenue for the quarter was down 13.1% on a year-over-year basis. During the same period last year, the firm earned $1.39 earnings per share. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. As a group, analysts expect that Southwest Gas Corporation will post 3.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SWX has been the subject of several analyst reports. Citigroup upgraded shares of Southwest Gas from a “neutral” rating to a “buy” rating and increased their price objective for the company from $82.00 to $99.00 in a research note on Thursday, January 15th. Weiss Ratings restated a “buy (b)” rating on shares of Southwest Gas in a research note on Monday, December 29th. Finally, Mizuho set a $96.00 price target on Southwest Gas in a research report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Southwest Gas presently has a consensus rating of “Moderate Buy” and an average price target of $88.40.

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.