Citigroup Boosts Southwest Gas (NYSE:SWX) Price Target to $106.00

Key Points

• Citigroup raised its price target on Southwest Gas to $106 (from $99) and kept a "buy" rating, implying about a 16.75% upside from the current price.
• Southwest Gas reported Q1 EPS of $1.91, beating estimates by $0.03, but revenue fell ~21.6% year‑over‑year to $585.1M; management affirmed FY2026 guidance of $4.17–$4.32 EPS.
• The stock slipped ~3.1% to $90.79 after the report; analysts' consensus is a "Moderate Buy" with a $89.80 target, and institutional investors own about 92.8% of shares.

Southwest Gas (NYSE:SWX - Get Free Report) had its price objective increased by investment analysts at Citigroup from $99.00 to $106.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the utilities provider's stock. Citigroup's price target would indicate a potential upside of 16.75% from the company's current price.

SWX has been the topic of several other research reports. Mizuho set a $96.00 target price on Southwest Gas in a report on Wednesday, February 11th. Wall Street Zen lowered Southwest Gas from a "hold" rating to a "sell" rating in a report on Saturday, April 18th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Southwest Gas presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.80.

Southwest Gas Stock Down 3.1%

NYSE:SWX traded down $2.88 during trading hours on Wednesday, hitting $90.79. The company's stock had a trading volume of 511,399 shares, compared to its average volume of 608,847. The stock has a market capitalization of $6.57 billion, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 2.38 and a beta of 0.62. The stock has a fifty day moving average of $88.85 and a 200-day moving average of $84.28. 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 has a 52-week low of $66.93 and a 52-week high of $94.43.

Southwest Gas (NYSE:SWX - Get Free Report) last posted its earnings results on Tuesday, May 5th. The utilities provider reported $1.91 EPS for the quarter, beating the consensus estimate of $1.88 by $0.03. The firm had revenue of $585.12 million for the quarter, compared to analyst estimates of $695.52 million. Southwest Gas had a return on equity of 6.62% and a net margin of 14.77%.Southwest Gas's revenue for the quarter was down 21.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.58 earnings per share. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. On average, equities analysts forecast that Southwest Gas will post 4.27 earnings per share for the current year.

Hedge Funds Weigh In On Southwest Gas

Several hedge funds have recently made changes to their positions in the company. Bessemer Group Inc. boosted its stake in shares of Southwest Gas by 0.5% during the first quarter. Bessemer Group Inc. now owns 41,205 shares of the utilities provider's stock worth $3,581,000 after buying an additional 202 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Southwest Gas by 11.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,825 shares of the utilities provider's stock worth $422,000 after buying an additional 477 shares during the period. D.A. Davidson & CO. boosted its stake in shares of Southwest Gas by 14.7% during the first quarter. D.A. Davidson & CO. now owns 17,996 shares of the utilities provider's stock worth $1,564,000 after buying an additional 2,300 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Southwest Gas by 11.4% during the first quarter. Bank of New York Mellon Corp now owns 846,251 shares of the utilities provider's stock worth $73,539,000 after buying an additional 86,456 shares during the period. Finally, Illinois Municipal Retirement Fund boosted its stake in shares of Southwest Gas by 9.0% during the first quarter. Illinois Municipal Retirement Fund now owns 11,366 shares of the utilities provider's stock worth $988,000 after buying an additional 935 shares during the period. Hedge funds and other institutional investors own 92.77% of the company's stock.

Trending Headlines about Southwest Gas

Here are the key news stories impacting Southwest Gas this week:

• Positive Sentiment: Q1 EPS beat and operating improvement: Southwest Gas reported $1.91 EPS vs. $1.88 consensus, helped by higher operating income and margin recovery versus last year, supporting near‑term earnings power. Southwest Gas (SWX) Tops Q1 Earnings Estimates
• Positive Sentiment: Affirmed full‑year and long‑term guidance; regulatory rate actions: Management reiterated FY2026 guidance (EPS range 4.170–4.320) and filed rate cases in AZ and NV requesting about $172M in additional revenue; strong shipper interest supports Great Basin expansion prospects. PR Newswire: Q1 Results & Guidance
• Neutral Sentiment: Guidance slightly below consensus midpoint: FY2026 EPS range slightly under the consensus point estimate, leaving limited upside if regulators delay rate relief timing. Guidance Update
• Negative Sentiment: Big revenue miss and lower throughput: Revenue fell ~21.6% y/y to $585.1M versus analyst estimates near $695M; system throughput declined, signaling weaker volume and near‑term top‑line pressure. MarketBeat: Q1 Results Summary
• Negative Sentiment: California rate‑case delay depressed Q1 results: Company cited a pending California decision that temporarily reduced reported earnings this quarter; uncertainty/timing of the decision is causing investor caution. Investing.com: California Case Delays

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.

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