Southwest Gas (NYSE:SWX) Updates FY 2026 Earnings Guidance

Southwest Gas (NYSE:SWX) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 4.170-4.320 for the period, compared to the consensus EPS estimate of 4.220. The company issued revenue guidance of -.

Southwest Gas Trading Down 0.2%

Shares of Southwest Gas stock traded down $0.17 during trading on Friday, hitting $92.22. The stock had a trading volume of 108,908 shares, compared to its average volume of 578,879. The company has a quick ratio of 1.32, a current ratio of 1.45 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $6.68 billion, a PE ratio of 12.04, a P/E/G ratio of 2.15 and a beta of 0.57. Southwest Gas has a 1 year low of $75.75 and a 1 year high of $94.46. The stock has a 50 day simple moving average of $89.78 and a 200 day simple moving average of $88.48.

Southwest Gas (NYSE:SWX) last issued its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The firm had revenue of $358.15 million for the quarter, compared to analyst estimates of $416.20 million. Southwest Gas had a return on equity of 6.85% and a net margin of 31.85%.The company’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.18) earnings per share. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. On average, research analysts expect that Southwest Gas will post 4.27 EPS for the current fiscal year.

Southwest Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be issued a $0.645 dividend. This represents a $2.58 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, August 17th. Southwest Gas’s payout ratio is currently 37.39%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Southwest Gas from a “neutral” rating to an “overweight” rating and set a $100.00 price objective on the stock in a research note on Thursday, May 7th. Mizuho set a $103.00 price objective on Southwest Gas in a research note on Wednesday. Citigroup increased their target price on shares of Southwest Gas from $99.00 to $106.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Weiss Ratings reissued a “buy (a-)” rating on shares of Southwest Gas in a report on Monday. Finally, Wells Fargo & Company increased their price target on shares of Southwest Gas from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Southwest Gas presently has a consensus rating of “Buy” and a consensus price target of $98.29.

Institutional Investors Weigh In On Southwest Gas

Hedge funds have recently made changes to their positions in the stock. Corient Private Wealth LLC raised its stake in shares of Southwest Gas by 38.7% in the fourth quarter. Corient Private Wealth LLC now owns 5,273 shares of the utilities provider’s stock worth $422,000 after purchasing an additional 1,472 shares during the last quarter. First Citizens Bank & Trust Co. boosted its stake in shares of Southwest Gas by 2.1% in the fourth quarter. First Citizens Bank & Trust Co. now owns 10,934 shares of the utilities provider’s stock worth $875,000 after buying an additional 224 shares during the last quarter. State of Tennessee Department of Treasury increased its holdings in shares of Southwest Gas by 33.5% during the 4th quarter. State of Tennessee Department of Treasury now owns 32,577 shares of the utilities provider’s stock valued at $2,698,000 after purchasing an additional 8,168 shares in the last quarter. Empowered Funds LLC purchased a new position in Southwest Gas in the fourth quarter valued at $174,000. Finally, Zacks Investment Management acquired a new position in shares of Southwest Gas in the fourth quarter worth about $298,000. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

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.