Gallagher Fiduciary Advisors LLC Makes New Investment in Southwest Gas Corporation $SWX

Gallagher Fiduciary Advisors LLC bought a new position in shares of Southwest Gas Corporation (NYSE:SWX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,654 shares of the utilities provider’s stock, valued at approximately $501,000.

Several other institutional investors and hedge funds have also modified their holdings of SWX. Odyssean LLC increased its position in Southwest Gas by 616.6% during the second quarter. Odyssean LLC now owns 17,178 shares of the utilities provider’s stock worth $1,523,000 after acquiring an additional 14,781 shares during the period. Man Group plc bought a new stake in Southwest Gas in the 2nd quarter valued at about $9,818,000. Jupiter Topco LLC acquired a new position in shares of Southwest Gas during the 2nd quarter worth approximately $2,384,000. Hsbc Holdings PLC bought a new position in shares of Southwest Gas during the second quarter worth approximately $3,513,000. Finally, Legal & General Group Plc bought a new position in shares of Southwest Gas during the second quarter worth approximately $17,767,000. 92.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SWX shares. JPMorgan Chase & Co. upgraded Southwest Gas from a “neutral” rating to an “overweight” rating and set a $100.00 target price for the company in a research report on Thursday, May 7th. Mizuho set a $103.00 price target on Southwest Gas in a research note on Wednesday, August 5th. Weiss Ratings downgraded shares of Southwest Gas from a “buy (a-)” rating to a “buy (b)” rating in a research note on Monday, August 17th. Wall Street Zen lowered shares of Southwest Gas from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Citigroup boosted their target price on shares of Southwest Gas from $99.00 to $106.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Southwest Gas currently has an average rating of “Moderate Buy” and a consensus price target of $98.29.

Southwest Gas Stock Performance

Southwest Gas stock opened at $89.19 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of 0.89. The stock has a market cap of $6.46 billion, a PE ratio of 11.64, a P/E/G ratio of 2.13 and a beta of 0.57. Southwest Gas Corporation has a 12-month low of $76.17 and a 12-month high of $94.46. The business’s 50-day moving average price is $90.73 and its two-hundred day moving average price is $89.19.

Southwest Gas (NYSE:SWX) last posted its earnings results on Wednesday, August 5th. The utilities provider reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. The firm had revenue of $358.15 million for the quarter, compared to analysts’ expectations of $416.20 million. Southwest Gas had a net margin of 31.85% and a return on equity of 6.91%. The company’s revenue was down 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.18) 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 4.25 earnings per share for the current fiscal year.

Southwest Gas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a $0.645 dividend. The ex-dividend date is Monday, August 17th. This represents a $2.58 dividend on an annualized basis and a dividend yield of 2.9%. Southwest Gas’s payout ratio is 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.