BW Gestao de Investimentos Ltda. Makes New Investment in Southwest Gas Corporation $SWX

BW Gestao de Investimentos Ltda. bought a new stake in Southwest Gas Corporation (NYSE:SWX) during the 4th quarter, HoldingsChannel.com reports. The firm bought 174,847 shares of the utilities provider’s stock, valued at approximately $13,991,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JFS Wealth Advisors LLC lifted its position in shares of Southwest Gas by 905.3% in the third quarter. JFS Wealth Advisors LLC now owns 382 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 344 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Southwest Gas by 223.5% in the second quarter. EverSource Wealth Advisors LLC now owns 440 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 304 shares in the last quarter. Kingdom Financial Group LLC. purchased a new position in shares of Southwest Gas in the fourth quarter valued at approximately $56,000. Harbour Investments Inc. lifted its position in shares of Southwest Gas by 301.0% in the fourth quarter. Harbour Investments Inc. now owns 834 shares of the utilities provider’s stock valued at $67,000 after acquiring an additional 626 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in shares of Southwest Gas by 21.3% in the second quarter. Daiwa Securities Group Inc. now owns 939 shares of the utilities provider’s stock valued at $70,000 after acquiring an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SWX. JPMorgan Chase & Co. upgraded Southwest Gas from a “neutral” rating to an “overweight” rating and set a $100.00 target price on the stock in a research report on Thursday, May 7th. Wall Street Zen upgraded Southwest Gas from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Wells Fargo & Company assumed coverage on Southwest Gas in a research report on Monday, May 11th. They issued an “overweight” rating and a $105.00 target price on the stock. UBS Group set a $100.00 price target on Southwest Gas in a report on Thursday, May 7th. Finally, Citigroup increased their price target on Southwest Gas from $99.00 to $106.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $97.00.

Southwest Gas Trading Down 2.0%

SWX opened at $84.49 on Tuesday. Southwest Gas Corporation has a 52 week low of $70.03 and a 52 week high of $94.43. The business has a fifty day simple moving average of $89.27 and a 200-day simple moving average of $85.47. The firm has a market cap of $6.12 billion, a P/E ratio of 12.25, a P/E/G ratio of 2.05 and a beta of 0.58. The company has a quick ratio of 1.32, a current ratio of 1.45 and a debt-to-equity ratio of 0.84.

Southwest Gas (NYSE:SWX) last released its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.91 EPS for the quarter, topping the consensus estimate of $1.88 by $0.03. Southwest Gas had a return on equity of 6.95% and a net margin of 19.95%.The business had revenue of $585.12 million during the quarter, compared to analyst estimates of $695.52 million. During the same period last year, the business posted $1.58 earnings per share. The company’s quarterly revenue was down 21.6% on a year-over-year basis. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. On average, equities analysts expect that Southwest Gas Corporation will post 4.25 earnings per share for the current year.

Southwest Gas Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were paid a dividend of $0.645 per share. This represents a $2.58 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, May 15th. This is a positive change from Southwest Gas’s previous quarterly dividend of $0.62. Southwest Gas’s payout ratio is presently 37.39%.

Southwest Gas 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.