Hsbc Holdings PLC Invests $3.51 Million in Southwest Gas Corporation $SWX

Hsbc Holdings PLC bought a new stake in shares of Southwest Gas Corporation (NYSE:SWX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 39,447 shares of the utilities provider’s stock, valued at approximately $3,513,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Legal & General Group Plc acquired a new position in shares of Southwest Gas during the second quarter valued at about $17,767,000. The Manufacturers Life Insurance Company purchased a new stake in Southwest Gas in the second quarter valued at $5,781,000. Algert Global LLC boosted its position in Southwest Gas by 58.9% in the 2nd quarter. Algert Global LLC now owns 334,640 shares of the utilities provider’s stock worth $29,676,000 after purchasing an additional 124,069 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Southwest Gas during the second quarter valued at $256,000. Finally, Magellan Asset Management Ltd purchased a new position in Southwest Gas in the second quarter valued at $6,829,000. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Southwest Gas Stock Down 0.5%

Shares of NYSE SWX opened at $88.94 on Friday. The business’s 50 day moving average is $90.83 and its two-hundred day moving average is $89.28. Southwest Gas Corporation has a 52-week low of $76.59 and a 52-week high of $94.46. The company has a quick ratio of 0.71, a current ratio of 1.12 and a debt-to-equity ratio of 0.83. The firm has a market cap of $6.44 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 2.12 and a beta of 0.57.

Southwest Gas (NYSE:SWX) last announced its earnings results on Wednesday, August 5th. The utilities provider reported $0.45 EPS for the quarter, meeting analysts’ consensus estimates of $0.45. The company had revenue of $358.15 million during the quarter, compared to analysts’ expectations of $416.20 million. Southwest Gas had a return on equity of 6.79% and a net margin of 31.85%.Southwest Gas’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same period last year, the business posted ($0.18) EPS. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. Research analysts predict that Southwest Gas Corporation will post 4.25 EPS for the current year.

Southwest Gas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be paid a dividend of $0.645 per share. This represents a $2.58 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, August 17th. Southwest Gas’s payout ratio is presently 33.68%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SWX shares. Citigroup upped their target price on Southwest Gas from $99.00 to $106.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Mizuho set a $103.00 target price on shares of Southwest Gas in a research note on Wednesday, August 5th. Wall Street Zen cut shares of Southwest Gas from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings lowered Southwest Gas from a “buy (a-)” rating to a “buy (b)” rating in a research note on Monday, August 17th. Finally, JPMorgan Chase & Co. raised shares of Southwest Gas from a “neutral” rating to an “overweight” rating and set a $100.00 price target on the stock in a research report on Thursday, May 7th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $100.67.

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.