Southwest Gas Corporation (NYSE:SWX) Plans Quarterly Dividend of $0.65

Southwest Gas Corporation (NYSE:SWX) announced a quarterly dividend on Wednesday, October 14th. Shareholders of record on Monday, November 16th will be given a dividend of $0.6450 per share by the utilities provider on Tuesday, December 1st. This represents a $2.58 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, November 16th.

Southwest Gas has a dividend payout ratio of 62.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Southwest Gas to earn $5.00 per share next year, which means the company should continue to be able to cover its $2.58 annual dividend with an expected future payout ratio of 51.6%.

Southwest Gas Price Performance

SWX stock opened at $85.17 on Thursday. Southwest Gas has a one year low of $76.99 and a one year high of $94.46. The firm has a 50-day moving average of $87.14 and a two-hundred day moving average of $88.86. The firm has a market capitalization of $6.17 billion, a PE ratio of 11.12, a P/E/G ratio of 1.80 and a beta of 0.57. The company has a current ratio of 1.12, a quick ratio of 0.99 and a debt-to-equity ratio of 0.83.

Southwest Gas (NYSE:SWX) last announced its earnings results on Wednesday, August 5th. The utilities provider reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $358.15 million during 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 6.79%. The business’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same period last year, the company posted ($0.18) earnings per share. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. On average, analysts forecast that Southwest Gas will post 4.27 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Julie Williams sold 2,500 shares of the company’s stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $81.81, for a total value of $204,525.00. Following the transaction, the senior vice president owned 26,450 shares in the company, valued at $2,163,874.50. This represents a 8.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.63% of the stock is currently owned by company insiders.

Institutional Trading of Southwest Gas

Several institutional investors have recently made changes to their positions in SWX. Bank of America Corp DE increased its stake in Southwest Gas by 54.8% in the 1st quarter. Bank of America Corp DE now owns 395,336 shares of the utilities provider’s stock valued at $34,355,000 after buying an additional 139,872 shares during the period. Quantinno Capital Management LP lifted its position in Southwest Gas by 204.5% in the 1st quarter. Quantinno Capital Management LP now owns 38,073 shares of the utilities provider’s stock worth $3,309,000 after buying an additional 25,569 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Southwest Gas during the 2nd quarter valued at $3,513,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Southwest Gas during the 1st quarter valued at $3,799,000. Finally, Odyssean LLC boosted its stake in shares of Southwest Gas by 616.6% during the 2nd quarter. Odyssean LLC now owns 17,178 shares of the utilities provider’s stock valued at $1,523,000 after buying an additional 14,781 shares during the period. 92.77% of the stock is currently owned by institutional investors and hedge funds.

About Southwest Gas

Southwest Gas Holdings, Inc (NYSE: SWX) is an energy company whose principal business is the regulated distribution of natural gas through its Southwest Gas Corporation subsidiary. The utility delivers natural gas to residential, commercial, industrial and other customers, providing an essential energy service for heating, cooking and business operations.

Southwest Gas serves customers across portions of Arizona, Nevada and California through an extensive network of pipelines and related infrastructure.