Jupiter Topco LLC Purchases New Position in Southwest Gas Corporation $SWX

Jupiter Topco LLC purchased a new position in Southwest Gas Corporation (NYSE:SWX) in the 2nd quarter, HoldingsChannel reports. The firm purchased 26,877 shares of the utilities provider’s stock, valued at approximately $2,384,000.

Several other large investors also recently added to or reduced their stakes in SWX. BlackRock Inc. bought a new stake in Southwest Gas during the second quarter worth approximately $991,549,000. Bank of New York Mellon Corp bought a new stake in shares of Southwest Gas in the 2nd quarter valued at approximately $74,324,000. Norges Bank bought a new stake in shares of Southwest Gas in the 4th quarter valued at approximately $66,930,000. BROOKFIELD Corp ON boosted its holdings in shares of Southwest Gas by 106.9% in the 1st quarter. BROOKFIELD Corp ON now owns 699,626 shares of the utilities provider’s stock worth $60,797,000 after purchasing an additional 361,556 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Southwest Gas by 281.2% in the 1st quarter. Renaissance Technologies LLC now owns 459,000 shares of the utilities provider’s stock worth $39,887,000 after purchasing an additional 338,600 shares during the period. 92.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Southwest Gas Stock Down 0.3%

Shares of NYSE SWX opened at $89.05 on Thursday. Southwest Gas Corporation has a 1 year low of $76.59 and a 1 year high of $94.46. The firm has a 50-day simple moving average of $90.83 and a two-hundred day simple moving average of $89.40. The company has a market cap of $6.45 billion, a P/E ratio of 11.63, a PEG ratio of 2.12 and a beta of 0.57. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.12 and a quick ratio of 0.99.

Southwest Gas (NYSE:SWX) last issued its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. Southwest Gas had a return on equity of 6.79% and a net margin of 31.85%.The firm had revenue of $358.15 million for the quarter, compared to the consensus estimate of $416.20 million. During the same period in the prior year, the business posted ($0.18) earnings per share. The company’s revenue for the quarter was down 9.6% 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 4.25 earnings per share for the current year.

Southwest Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were given a $0.645 dividend. This represents a $2.58 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Monday, August 17th. Southwest Gas’s dividend payout ratio is 33.68%.

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.