Edgestream Partners L.P. Takes Position in Southwest Gas Corporation $SWX

Edgestream Partners L.P. purchased a new position in Southwest Gas Corporation (NYSE:SWX) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 50,217 shares of the utilities provider’s stock, valued at approximately $4,364,000.

A number of other hedge funds also recently bought and sold shares of SWX. Norges Bank bought a new position in Southwest Gas in the 4th quarter worth about $66,930,000. BROOKFIELD Corp ON increased its stake in Southwest Gas by 106.9% during the 1st quarter. BROOKFIELD Corp ON now owns 699,626 shares of the utilities provider’s stock valued at $60,797,000 after purchasing an additional 361,556 shares in the last quarter. Renaissance Technologies LLC increased its stake in Southwest Gas by 281.2% during the 1st 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 in the last quarter. BROOKFIELD Corp ON bought a new stake in Southwest Gas during the 4th quarter valued at about $27,052,000. Finally, Adage Capital Partners GP L.L.C. raised its holdings in Southwest Gas by 16.1% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,648,496 shares of the utilities provider’s stock worth $131,913,000 after buying an additional 228,496 shares during the last quarter. Institutional investors own 92.77% of the company’s stock.

Analysts Set New Price Targets

SWX has been the topic of several analyst reports. Mizuho upped their target price on shares of Southwest Gas from $96.00 to $98.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 9th. Citigroup raised their price target 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. Weiss Ratings upgraded shares of Southwest Gas from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, May 6th. Wall Street Zen raised Southwest Gas from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, UBS Group set a $100.00 target price on Southwest Gas in a research note on Thursday, May 7th. Two investment 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $97.29.

Southwest Gas Stock Performance

Shares of NYSE SWX opened at $89.50 on Friday. The firm’s 50-day moving average price is $89.63 and its 200-day moving average price is $88.26. 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 cap of $6.48 billion, a PE ratio of 12.97, a PEG ratio of 2.14 and a beta of 0.58. Southwest Gas Corporation has a 52-week low of $75.75 and a 52-week high of $94.46.

Southwest Gas (NYSE:SWX) last released its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.03. Southwest Gas had a net margin of 19.95% and a return on equity of 6.95%. The firm had revenue of $585.12 million during the quarter, compared to analysts’ expectations of $695.52 million. During the same period in the previous year, the company earned $1.58 earnings per share. The firm’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. As a group, analysts anticipate that Southwest Gas Corporation will post 4.27 EPS for the current year.

Southwest Gas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be issued a $0.645 dividend. The ex-dividend date is Monday, August 17th. This represents a $2.58 annualized dividend and a yield of 2.9%. Southwest Gas’s dividend payout ratio (DPR) is currently 37.39%.

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.