36,232 Shares in Southwest Gas Corporation $SWX Purchased by Ieq Capital LLC

Key Points

• Ieq Capital LLC purchased 36,232 Southwest Gas shares worth approximately $3.2 million during the second quarter, giving it about a 0.05% stake. Institutional investors collectively own 92.77% of the company.
• Southwest Gas reported quarterly EPS of $0.45, matching estimates, but revenue of $358.15 million fell short of the $416.20 million consensus and declined 9.6% year over year. The company maintained fiscal 2026 EPS guidance of $4.17–$4.32.
• The company declared a quarterly dividend of $0.645 per share, equivalent to an annualized $2.58 payout and a 2.9% yield. Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $98.29.

Ieq Capital LLC purchased a new position in Southwest Gas Corporation (NYSE:SWX - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 36,232 shares of the utilities provider's stock, valued at approximately $3,213,000. Ieq Capital LLC owned approximately 0.05% of Southwest Gas as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. raised its stake in Southwest Gas by 1.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 10,837 shares of the utilities provider's stock valued at $867,000 after acquiring an additional 132 shares in the last quarter. Illinois Municipal Retirement Fund raised its stake 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 purchasing an additional 135 shares in the last quarter. GAMMA Investing LLC raised its stake 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 purchasing an additional 153 shares in the last quarter. LPL Financial LLC lifted its holdings in Southwest Gas by 1.1% in the fourth quarter. LPL Financial LLC now owns 14,500 shares of the utilities provider's stock worth $1,160,000 after purchasing an additional 159 shares during the period. Finally, Arizona State Retirement System grew its position in Southwest Gas by 0.9% in the 4th quarter. Arizona State Retirement System now owns 17,184 shares of the utilities provider's stock valued at $1,375,000 after buying an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 92.77% of the company's stock.

Southwest Gas Trading Up 0.8%

Southwest Gas stock opened at $89.56 on Tuesday. The firm has a market cap of $6.49 billion, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 2.11 and a beta of 0.57. Southwest Gas Corporation has a 1 year low of $76.17 and a 1 year high of $94.46. The firm's 50 day moving average price is $90.71 and its two-hundred day moving average price is $89.14. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.71 and a current ratio of 0.83.

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

Southwest Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be paid a $0.645 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $2.58 dividend on an annualized basis and a yield of 2.9%. Southwest Gas's dividend payout ratio (DPR) is currently 33.68%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SWX shares. 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. Weiss Ratings cut shares of Southwest Gas from a "buy (a-)" rating to a "buy (b)" rating in a report on Monday, August 17th. Mizuho set a $103.00 target price on Southwest Gas in a report on Wednesday, August 5th. Wells Fargo & Company upped their target price on Southwest Gas from $105.00 to $107.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Finally, UBS Group set a $100.00 price target on Southwest Gas in a research note on Thursday, May 7th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $98.29.

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.

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