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

Southwest Gas Corporation (NYSE:SWX) declared a quarterly dividend on Wednesday, July 15th. Shareholders of record on Monday, August 17th will be given a dividend of 0.645 per share by the utilities provider on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, August 17th.

Southwest Gas has increased its dividend by an average of 0.0%per year over the last three years. Southwest Gas has a dividend payout ratio of 62.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Southwest Gas to earn $4.85 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 53.2%.

Southwest Gas Price Performance

Shares of SWX opened at $91.18 on Thursday. Southwest Gas has a fifty-two week low of $75.75 and a fifty-two week high of $94.43. The company has a market capitalization of $6.60 billion, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 2.20 and a beta of 0.58. The firm has a 50-day simple moving average of $88.98 and a 200-day simple moving average of $87.34. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.32 and a current ratio of 1.45.

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

Institutional Trading of Southwest Gas

Hedge funds have recently modified their holdings of the business. Foster Group Inc. purchased a new stake in shares of Southwest Gas in the second quarter valued at approximately $269,000. GAMMA Investing LLC increased its holdings in shares of Southwest Gas by 8.5% in 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 in the last quarter. Glenmede Trust Co. NA lifted its stake in shares of Southwest Gas by 16.8% in the first quarter. Glenmede Trust Co. NA now owns 13,598 shares of the utilities provider’s stock valued at $1,182,000 after purchasing an additional 1,959 shares during the period. Bank of America Corp DE boosted its holdings in Southwest Gas by 54.8% during the first quarter. Bank of America Corp DE now owns 395,336 shares of the utilities provider’s stock worth $34,355,000 after buying an additional 139,872 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in Southwest Gas during the first quarter worth about $4,364,000. 92.77% of the stock is owned by institutional investors and hedge funds.

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.