Quantinno Capital Management LP Boosts Stake in Southwest Gas Corporation $SWX

Quantinno Capital Management LP boosted its position in shares of Southwest Gas Corporation (NYSE:SWX) by 204.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,073 shares of the utilities provider’s stock after buying an additional 25,569 shares during the period. Quantinno Capital Management LP’s holdings in Southwest Gas were worth $3,309,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in Southwest Gas by 223.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 440 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 304 shares during the last quarter. Kingdom Financial Group LLC. purchased a new stake in shares of Southwest Gas during the 4th quarter worth approximately $56,000. Harbour Investments Inc. boosted its position in shares of Southwest Gas by 301.0% during the 4th quarter. Harbour Investments Inc. now owns 834 shares of the utilities provider’s stock valued at $67,000 after acquiring an additional 626 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of 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 acquiring an additional 165 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in Southwest Gas in the third quarter worth $72,000. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Southwest Gas from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Friday. Mizuho set a $103.00 price target on Southwest Gas in a research report on Wednesday. Citigroup upped their price objective on Southwest Gas from $99.00 to $106.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Wall Street Zen lowered Southwest Gas from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Weiss Ratings reiterated a “buy (a-)” rating on shares of Southwest Gas in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned 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 target price of $98.29.

Southwest Gas Price Performance

SWX stock opened at $92.28 on Friday. 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 0.83, a quick ratio of 1.32 and a debt-to-equity ratio of 0.89. The company has a 50-day moving average price of $89.90 and a 200 day moving average price of $88.51. The stock has a market cap of $6.69 billion, a PE ratio of 12.05, a P/E/G ratio of 2.19 and a beta of 0.57.

Southwest Gas (NYSE:SWX) last posted its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. The company had revenue of $358.15 million for the quarter, compared to analyst estimates of $416.20 million. Southwest Gas had a net margin of 31.85% and a return on equity of 6.91%. The firm’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.18) EPS. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. Equities research analysts anticipate that Southwest Gas Corporation will post 4.25 earnings per share for the current year.

Southwest Gas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a $0.645 dividend. This represents a $2.58 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, August 17th. Southwest Gas’s dividend payout ratio is 33.68%.

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.