Intech Investment Management LLC Decreases Stock Position in Southwest Gas Corporation $SWX

Intech Investment Management LLC decreased its holdings in Southwest Gas Corporation (NYSE:SWX) by 31.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,926 shares of the utilities provider’s stock after selling 14,342 shares during the period. Intech Investment Management LLC’s holdings in Southwest Gas were worth $2,501,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE increased its holdings in Southwest Gas by 6.5% in the 3rd quarter. US Bancorp DE now owns 11,181 shares of the utilities provider’s stock worth $876,000 after buying an additional 687 shares in the last quarter. JFS Wealth Advisors LLC boosted its holdings in shares of Southwest Gas by 905.3% during the 3rd quarter. JFS Wealth Advisors LLC now owns 382 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 344 shares during the last quarter. Channing Capital Management LLC grew its stake in shares of Southwest Gas by 32.1% in the third quarter. Channing Capital Management LLC now owns 930,695 shares of the utilities provider’s stock worth $72,911,000 after acquiring an additional 226,231 shares during the period. Jupiter Asset Management Ltd. purchased a new position in shares of Southwest Gas during the third quarter valued at approximately $4,805,000. Finally, Vanguard Group Inc. raised its holdings in shares of Southwest Gas by 0.3% during the third quarter. Vanguard Group Inc. now owns 7,052,987 shares of the utilities provider’s stock valued at $552,531,000 after purchasing an additional 19,403 shares during the last quarter. 92.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Citigroup upgraded shares of Southwest Gas from a “neutral” rating to a “buy” rating and raised their target price for the stock from $82.00 to $99.00 in a report on Thursday, January 15th. Mizuho set a $96.00 price target on Southwest Gas in a research note on Wednesday, February 11th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Southwest Gas in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.40.

Southwest Gas Price Performance

Shares of Southwest Gas stock opened at $88.78 on Wednesday. The stock has a market cap of $6.42 billion, a P/E ratio of 13.51, a P/E/G ratio of 2.27 and a beta of 0.63. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.18 and a current ratio of 1.28. The stock’s fifty day moving average is $84.00 and its 200 day moving average is $81.07. Southwest Gas Corporation has a one year low of $64.69 and a one year high of $89.45.

Southwest Gas (NYSE:SWX) last issued its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.04). Southwest Gas had a return on equity of 6.62% and a net margin of 14.77%.The company had revenue of $480.74 million during the quarter, compared to analysts’ expectations of $587.01 million. During the same quarter in the previous year, the company earned $1.39 EPS. The business’s quarterly revenue was down 13.1% compared to the same quarter last year. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. Sell-side analysts anticipate that Southwest Gas Corporation will post 3.03 earnings per share for the current year.

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.