38,059 Shares in Southwest Gas Corporation $SWX Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Southwest Gas Corporation (NYSE:SWX) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 38,059 shares of the utilities provider’s stock, valued at approximately $3,307,000.

Several other hedge funds also recently modified their holdings of the stock. Renaissance Technologies LLC boosted its position in Southwest Gas by 281.2% during the first quarter. Renaissance Technologies LLC now owns 459,000 shares of the utilities provider’s stock valued at $39,887,000 after purchasing an additional 338,600 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Southwest Gas by 6.6% in the first quarter. Public Employees Retirement System of Ohio now owns 24,000 shares of the utilities provider’s stock valued at $2,086,000 after acquiring an additional 1,481 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Southwest Gas in the 1st quarter valued at about $3,799,000. Sei Investments Co. grew its position in shares of Southwest Gas by 96.7% in the 1st quarter. Sei Investments Co. now owns 93,547 shares of the utilities provider’s stock valued at $8,129,000 after acquiring an additional 45,997 shares during the period. Finally, Walleye Capital LLC lifted its stake in Southwest Gas by 7.9% in the 1st quarter. Walleye Capital LLC now owns 132,125 shares of the utilities provider’s stock valued at $11,482,000 after purchasing an additional 9,715 shares during the last quarter. Institutional investors own 92.77% of the company’s stock.

Southwest Gas Trading Down 1.6%

SWX opened at $90.34 on Friday. The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 13.09, a P/E/G ratio of 2.17 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 Corporation has a twelve month low of $75.75 and a twelve month high of $94.46. The company has a 50-day simple moving average of $89.63 and a 200 day simple moving average of $88.25.

Southwest Gas (NYSE:SWX) last issued its earnings results on Tuesday, May 5th. The utilities provider reported $1.91 EPS for the quarter, beating the consensus estimate of $1.88 by $0.03. The company had revenue of $585.12 million during the quarter, compared to analysts’ expectations of $695.52 million. Southwest Gas had a net margin of 19.95% and a return on equity of 6.95%. The business’s revenue for the quarter was down 21.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.58 EPS. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. Analysts predict that Southwest Gas Corporation will post 4.27 EPS for the current fiscal year.

Southwest Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be paid a $0.645 dividend. The ex-dividend date 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 presently 37.39%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SWX. Weiss Ratings raised shares of Southwest Gas from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. upgraded shares of Southwest Gas from a “neutral” rating to an “overweight” rating and set a $100.00 price objective for the company in a research report on Thursday, May 7th. Mizuho boosted their price objective on Southwest Gas from $96.00 to $98.00 and gave the stock an “outperform” rating in a report on Tuesday, June 9th. Citigroup lifted their price target on Southwest Gas from $99.00 to $106.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen raised Southwest Gas from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $97.29.

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.