Odyssean LLC Raises Stock Position in Southwest Gas Corporation $SWX

Odyssean LLC increased its position in shares of Southwest Gas Corporation (NYSE:SWX) by 616.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 17,178 shares of the utilities provider’s stock after acquiring an additional 14,781 shares during the period. Odyssean LLC’s holdings in Southwest Gas were worth $1,523,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. boosted its stake in Southwest Gas by 1.2% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 10,837 shares of the utilities provider’s stock valued at $867,000 after acquiring an additional 132 shares in the last quarter. Illinois Municipal Retirement Fund increased its position in shares of Southwest Gas by 1.3% during the fourth quarter. Illinois Municipal Retirement Fund now owns 10,431 shares of the utilities provider’s stock worth $835,000 after purchasing an additional 135 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Southwest Gas by 8.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,960 shares of the utilities provider’s stock valued at $174,000 after purchasing an additional 153 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Southwest Gas by 1.1% during the 4th quarter. LPL Financial LLC now owns 14,500 shares of the utilities provider’s stock valued at $1,160,000 after purchasing an additional 159 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Southwest Gas by 0.9% in the 4th quarter. Arizona State Retirement System now owns 17,184 shares of the utilities provider’s stock worth $1,375,000 after purchasing an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Southwest Gas Price Performance

NYSE SWX opened at $89.19 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.83 and a quick ratio of 0.71. The stock’s fifty day moving average price is $90.73 and its 200 day moving average price is $89.19. Southwest Gas Corporation has a 1 year low of $76.17 and a 1 year high of $94.46. The company has a market cap of $6.46 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 2.13 and a beta of 0.57.

Southwest Gas (NYSE:SWX) last issued its earnings results on Wednesday, August 5th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. The company had revenue of $358.15 million during the quarter, compared to analyst estimates of $416.20 million. Southwest Gas had a return on equity of 6.91% and a net margin of 31.85%.The firm’s quarterly revenue was down 9.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.18) EPS. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. As a group, equities research analysts forecast that Southwest Gas Corporation will post 4.25 earnings per share for the current year.

Southwest Gas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors 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 yield of 2.9%. Southwest Gas’s dividend payout ratio is currently 33.68%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Mizuho set a $103.00 target price on Southwest Gas in a research note on Wednesday, August 5th. Wells Fargo & Company increased their price target on Southwest Gas from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. raised Southwest Gas from a “neutral” rating to an “overweight” rating and set a $100.00 price target for the company in a report on Thursday, May 7th. Wall Street Zen lowered Southwest Gas from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, UBS Group set a $100.00 price objective on shares of Southwest Gas in a report on Thursday, May 7th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Southwest Gas presently has an average rating of “Moderate Buy” and an average price target of $98.29.

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.