13,575 Shares in Southwest Gas Corporation $SWX Acquired by Jennison Associates LLC

Jennison Associates LLC acquired a new stake in Southwest Gas Corporation (NYSE:SWX) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 13,575 shares of the utilities provider’s stock, valued at approximately $1,086,000.

Several other institutional investors have also added to or reduced their stakes in the business. JFS Wealth Advisors LLC lifted its holdings in shares of Southwest Gas by 905.3% during the third 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 in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Southwest Gas by 223.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 440 shares of the utilities provider’s stock worth $33,000 after buying an additional 304 shares in the last quarter. Daiwa Securities Group Inc. raised its position in Southwest Gas by 21.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 939 shares of the utilities provider’s stock worth $70,000 after buying an additional 165 shares during the last quarter. Advisory Services Network LLC purchased a new position in Southwest Gas in the 3rd quarter worth about $72,000. Finally, Danske Bank A S bought a new position in Southwest Gas during the 3rd quarter valued at about $94,000. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

Southwest Gas Stock Down 0.0%

SWX stock opened at $93.18 on Monday. The company has a market cap of $6.74 billion, a price-to-earnings ratio of 14.18, a P/E/G ratio of 2.38 and a beta of 0.62. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.18 and a current ratio of 1.28. The business’s 50-day moving average is $88.72 and its two-hundred day moving average is $84.18. Southwest Gas Corporation has a fifty-two week low of $66.93 and a fifty-two week high of $94.43.

Southwest Gas (NYSE:SWX) last released its quarterly earnings results 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 firm had revenue of $480.74 million for the quarter, compared to the consensus estimate of $587.01 million. During the same quarter in the prior year, the firm earned $1.39 earnings per share. 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. As a group, analysts forecast that Southwest Gas Corporation will post 4.27 earnings per share for the current year.

Southwest Gas Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be given a dividend of $0.645 per share. This represents a $2.58 annualized dividend and a yield of 2.8%. This is a positive change from Southwest Gas’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, May 15th. Southwest Gas’s dividend payout ratio (DPR) is presently 37.75%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Southwest Gas from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. 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 report on Thursday, January 15th. Finally, Mizuho set a $96.00 target price on shares of Southwest Gas in a report on Wednesday, February 11th. One equities research 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.