26,355 Shares in Southwest Gas Corporation $SWX Purchased by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP acquired 26,355 shares of Southwest Gas in the second quarter, valued at approximately $2.34 million. Institutional investors collectively own 92.77% of the company.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $100.67, compared with the stock’s reported price of $89.05.
• Southwest Gas matched quarterly earnings expectations at $0.45 per share, but revenue fell 9.6% year over year to $358.15 million. The company maintains a quarterly dividend of $0.645 per share, yielding about 2.9% annually.

Corient Private Wealth LP acquired a new position in Southwest Gas Corporation (NYSE:SWX - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 26,355 shares of the utilities provider's stock, valued at approximately $2,337,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Southwest Gas by 1.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 10,837 shares of the utilities provider's stock worth $867,000 after buying an additional 132 shares during the last quarter. Illinois Municipal Retirement Fund increased its position in shares of Southwest Gas by 1.3% during the fourth quarter. Illinois Municipal Retirement Fund now owns 10,431 shares of the utilities provider's stock valued at $835,000 after acquiring an additional 135 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Southwest Gas by 8.5% during the second quarter. GAMMA Investing LLC now owns 1,960 shares of the utilities provider's stock valued at $174,000 after acquiring an additional 153 shares during the last quarter. LPL Financial LLC lifted its holdings in Southwest Gas by 1.1% during the fourth quarter. LPL Financial LLC now owns 14,500 shares of the utilities provider's stock worth $1,160,000 after acquiring an additional 159 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in Southwest Gas by 21.3% during the second quarter. Daiwa Securities Group Inc. now owns 939 shares of the utilities provider's stock worth $70,000 after acquiring an additional 165 shares during the period. Hedge funds and other institutional investors own 92.77% of the company's stock.

Wall Street Analyst Weigh In

SWX has been the topic of several research analyst reports. Citigroup boosted their price objective on Southwest Gas from $99.00 to $106.00 and gave the stock a "buy" rating in a research report on Wednesday, May 6th. UBS Group set a $100.00 target price on Southwest Gas in a research note on Thursday, May 7th. Wall Street Zen cut Southwest Gas from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. 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 report on Thursday, May 7th. Finally, Wells Fargo & Company increased their price target on shares of Southwest Gas from $105.00 to $107.00 and gave the company an "overweight" rating in a research report on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $100.67.

Southwest Gas Trading Down 0.3%

NYSE:SWX opened at $89.05 on Thursday. The company has a current ratio of 1.12, a quick ratio of 0.99 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $6.45 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 2.12 and a beta of 0.57. The firm's 50 day moving average is $90.83 and its 200 day moving average is $89.40. Southwest Gas Corporation has a 12 month low of $76.59 and a 12 month high of $94.46.

Southwest Gas (NYSE:SWX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. Southwest Gas had a return on equity of 6.79% and a net margin of 31.85%.The business had revenue of $358.15 million during the quarter, compared to analyst estimates of $416.20 million. During the same period in the prior year, the company earned ($0.18) earnings per share. Southwest Gas's revenue was down 9.6% compared to the same quarter last year. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. Sell-side analysts expect that Southwest Gas Corporation will post 4.25 earnings per share for the current year.

Southwest Gas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were given a dividend of $0.645 per share. This represents a $2.58 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, August 17th. Southwest Gas's dividend payout ratio is currently 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.

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