Walleye Capital LLC Purchases 9,715 Shares of Southwest Gas Corporation $SWX

Walleye Capital LLC boosted its position in shares of Southwest Gas Corporation (NYSE:SWX) by 7.9% in the 1st quarter, Holdings Channel.com reports. The fund owned 132,125 shares of the utilities provider’s stock after purchasing an additional 9,715 shares during the period. Walleye Capital LLC’s holdings in Southwest Gas were worth $11,482,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in Southwest Gas by 223.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 440 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 304 shares during the period. Kingdom Financial Group LLC. bought a new position in shares of Southwest Gas in the fourth quarter worth $56,000. Harbour Investments Inc. raised its position in shares of Southwest Gas by 301.0% in the fourth quarter. Harbour Investments Inc. now owns 834 shares of the utilities provider’s stock worth $67,000 after buying an additional 626 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of Southwest Gas by 21.3% in the second quarter. Daiwa Securities Group Inc. now owns 939 shares of the utilities provider’s stock worth $70,000 after buying an additional 165 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in Southwest Gas during the third quarter valued at $72,000. Institutional investors own 92.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Citigroup boosted their target price on Southwest Gas from $99.00 to $106.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Wells Fargo & Company initiated coverage on Southwest Gas in a research report on Monday, May 11th. They set an “overweight” rating and a $105.00 price target for the company. JPMorgan Chase & Co. raised Southwest Gas from a “neutral” rating to an “overweight” rating and set a $100.00 price objective for the company in a report on Thursday, May 7th. Mizuho upped their price objective on shares of Southwest Gas from $96.00 to $98.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 9th. Finally, UBS Group set a $100.00 target price on shares of Southwest Gas in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $97.29.

Southwest Gas Price Performance

SWX opened at $92.94 on Thursday. The stock has a 50-day moving average price of $89.24 and a 200-day moving average price of $87.76. Southwest Gas Corporation has a 12-month low of $75.75 and a 12-month high of $94.46. The company has a current ratio of 1.45, a quick ratio of 1.32 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $6.73 billion, a P/E ratio of 13.47, a PEG ratio of 2.18 and a beta of 0.58.

Southwest Gas (NYSE:SWX) last announced its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.03. The company 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%.Southwest Gas’s revenue for the quarter was down 21.6% compared to the same quarter last year. During the same period last year, the firm posted $1.58 EPS. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. Equities analysts predict that Southwest Gas Corporation will post 4.27 earnings per share for the current fiscal year.

Southwest Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a dividend of $0.645 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $2.58 annualized dividend and a dividend yield of 2.8%. Southwest Gas’s dividend payout ratio (DPR) is 37.39%.

Southwest Gas 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.