65,189 Shares in Southwest Gas Corporation $SWX Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company bought a new stake in Southwest Gas Corporation (NYSE:SWX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 65,189 shares of the utilities provider’s stock, valued at approximately $5,781,000. The Manufacturers Life Insurance Company owned 0.09% of Southwest Gas as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Millennium Management LLC raised its position in shares of Southwest Gas by 74.7% in the 1st quarter. Millennium Management LLC now owns 209,934 shares of the utilities provider’s stock worth $15,073,000 after acquiring an additional 89,761 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Southwest Gas by 14.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 190,852 shares of the utilities provider’s stock worth $13,703,000 after purchasing an additional 24,688 shares during the period. M&T Bank Corp bought a new stake in Southwest Gas in the second quarter worth approximately $213,000. Arrowstreet Capital Limited Partnership increased its holdings in Southwest Gas by 70.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 36,647 shares of the utilities provider’s stock worth $2,726,000 after purchasing an additional 15,127 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Southwest Gas by 2.6% in the second quarter. Invesco Ltd. now owns 393,080 shares of the utilities provider’s stock valued at $29,241,000 after buying an additional 10,122 shares during the period. Institutional investors own 92.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SWX. Weiss Ratings cut Southwest Gas from a “buy (a-)” rating to a “buy (b)” rating in a report on Monday, August 17th. Wall Street Zen downgraded shares of Southwest Gas from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Mizuho set a $103.00 target price on shares of Southwest Gas in a research note on Wednesday, August 5th. Citigroup raised their price target on shares of Southwest Gas from $99.00 to $106.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Wells Fargo & Company upped their price objective on shares of Southwest Gas from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Southwest Gas has a consensus rating of “Moderate Buy” and a consensus price target of $100.67.

Southwest Gas Trading Down 0.7%

NYSE SWX opened at $88.47 on Tuesday. The business has a fifty day simple moving average of $90.83 and a 200 day simple moving average of $89.36. The firm has a market capitalization of $6.41 billion, a P/E ratio of 11.55, a PEG ratio of 2.12 and a beta of 0.57. The company has a current ratio of 1.12, a quick ratio of 0.99 and a debt-to-equity ratio of 0.83. Southwest Gas Corporation has a 12 month low of $76.59 and a 12 month high of $94.46.

Southwest Gas (NYSE:SWX) last issued its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. Southwest Gas had a return on equity of 6.79% and a net margin of 31.85%.The business had revenue of $358.15 million for the quarter, compared to analyst estimates of $416.20 million. During the same period last year, the company posted ($0.18) earnings per share. Southwest Gas’s quarterly revenue was down 9.6% compared to the same quarter last year. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. On average, analysts predict that Southwest Gas Corporation will post 4.25 EPS for the current fiscal year.

Southwest Gas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a dividend of $0.645 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $2.58 annualized dividend and a dividend yield of 2.9%. Southwest Gas’s dividend payout ratio (DPR) is currently 33.68%.

About Southwest Gas

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.