72,356 Shares in Southwest Gas Corporation $SWX Acquired by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP purchased a new position in Southwest Gas Corporation (NYSE:SWX) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 72,356 shares of the utilities provider’s stock, valued at approximately $5,668,000. Hudson Bay Capital Management LP owned 0.10% of Southwest Gas at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JFS Wealth Advisors LLC grew its holdings in shares of Southwest Gas by 905.3% in the third quarter. JFS Wealth Advisors LLC now owns 382 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 344 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Southwest Gas by 223.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 440 shares of the utilities provider’s stock valued at $33,000 after buying an additional 304 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in Southwest Gas by 21.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 939 shares of the utilities provider’s stock valued at $70,000 after buying an additional 165 shares during the period. Advisory Services Network LLC purchased a new stake in Southwest Gas during the 3rd quarter valued at $72,000. Finally, GAMMA Investing LLC grew its holdings in Southwest Gas by 40.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,171 shares of the utilities provider’s stock worth $92,000 after acquiring an additional 339 shares during the last quarter. Institutional investors own 92.77% of the company’s stock.

Southwest Gas Stock Down 3.1%

Shares of Southwest Gas stock opened at $83.56 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.18 and a debt-to-equity ratio of 0.87. Southwest Gas Corporation has a 12-month low of $64.69 and a 12-month high of $90.00. The company has a market cap of $6.04 billion, a P/E ratio of 12.72, a PEG ratio of 2.16 and a beta of 0.63. The company’s fifty day simple moving average is $85.71 and its two-hundred day simple moving average is $81.87.

Southwest Gas (NYSE:SWX) last posted its earnings results on Wednesday, February 25th. The utilities provider reported $1.36 EPS for the quarter, missing the consensus estimate 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 period in the prior year, the business posted $1.39 earnings per share. The company’s revenue for the quarter was down 13.1% on a year-over-year basis. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. Research analysts anticipate that Southwest Gas Corporation will post 3.03 EPS for the current year.

Analysts Set New Price Targets

SWX has been the topic of a number of analyst reports. Mizuho set a $96.00 price objective on shares of Southwest Gas in a research report on Wednesday, February 11th. Citigroup raised 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 research note on Thursday, January 15th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Southwest Gas in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.40.

About Southwest Gas

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.