Southwest Gas Corporation $SWX Stock Holdings Decreased by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lessened its stake in Southwest Gas Corporation (NYSE:SWX) by 8.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 238,457 shares of the utilities provider’s stock after selling 21,261 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.33% of Southwest Gas worth $19,081,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. New York State Common Retirement Fund lifted its holdings in Southwest Gas by 30.6% during the 3rd quarter. New York State Common Retirement Fund now owns 224,650 shares of the utilities provider’s stock worth $17,599,000 after buying an additional 52,573 shares during the last quarter. Channing Capital Management LLC increased its holdings in shares of Southwest Gas by 32.1% in the 3rd quarter. Channing Capital Management LLC now owns 930,695 shares of the utilities provider’s stock valued at $72,911,000 after acquiring an additional 226,231 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Southwest Gas by 547.9% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 23,319 shares of the utilities provider’s stock valued at $1,827,000 after acquiring an additional 19,720 shares in the last quarter. Prudential Financial Inc. lifted its stake in Southwest Gas by 6.2% during the second quarter. Prudential Financial Inc. now owns 175,095 shares of the utilities provider’s stock worth $13,025,000 after purchasing an additional 10,150 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Southwest Gas by 146.9% during the third quarter. JPMorgan Chase & Co. now owns 1,773,068 shares of the utilities provider’s stock worth $138,902,000 after purchasing an additional 1,054,963 shares during the last quarter. Institutional investors own 92.77% of the company’s stock.

Southwest Gas Stock Up 0.2%

Shares of Southwest Gas stock opened at $86.72 on Friday. The stock has a market capitalization of $6.27 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 2.17 and a beta of 0.63. Southwest Gas Corporation has a twelve month low of $64.69 and a twelve month high of $90.00. The company has a current ratio of 1.28, a quick ratio of 1.18 and a debt-to-equity ratio of 0.87. The business’s 50 day simple moving average is $85.96 and its 200-day simple moving average is $82.14.

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

Analysts Set New Price Targets

Several research firms have weighed in on SWX. Citigroup upgraded shares of Southwest Gas from a “neutral” rating to a “buy” rating and boosted their target price 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 report on Monday, December 29th. Finally, Mizuho set a $96.00 price target on shares of Southwest Gas in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Southwest Gas currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.40.

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.