Bank of America Corp DE Acquires 139,872 Shares of Southwest Gas Corporation $SWX

Key Points

• Bank of America increased its Southwest Gas stake by 54.8% in the first quarter, acquiring 139,872 shares and bringing its holdings to 395,336 shares valued at approximately $34.4 million. Institutional investors and hedge funds collectively own 92.77% of the company.
• Southwest Gas reported quarterly EPS of $0.45, matching analyst expectations, while revenue fell 9.6% year over year to $358.15 million, below estimates. The company maintained fiscal 2026 EPS guidance of $4.17–$4.32.
• The company declared a quarterly dividend of $0.645 per share, representing a 2.8% annualized yield. Analyst sentiment remains favorable overall, with a consensus “Buy” rating and an average price target of $98.29, despite one recent downgrade to “Sell.”

Bank of America Corp DE grew its holdings in Southwest Gas Corporation (NYSE:SWX - Free Report) by 54.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 395,336 shares of the utilities provider's stock after buying an additional 139,872 shares during the period. Bank of America Corp DE owned 0.55% of Southwest Gas worth $34,355,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SWX. Maverick Capital Ltd. raised its holdings in Southwest Gas by 3.9% in the 1st quarter. Maverick Capital Ltd. now owns 2,126,927 shares of the utilities provider's stock valued at $184,830,000 after acquiring an additional 78,874 shares during the period. Adage Capital Partners GP L.L.C. raised its stake in Southwest Gas by 16.1% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,648,496 shares of the utilities provider's stock worth $131,913,000 after purchasing an additional 228,496 shares in the last quarter. Geode Capital Management LLC raised its stake in Southwest Gas by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 1,602,100 shares of the utilities provider's stock worth $128,219,000 after purchasing an additional 9,515 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Southwest Gas by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,060,751 shares of the utilities provider's stock valued at $84,883,000 after purchasing an additional 5,882 shares during the period. Finally, Gabelli Funds LLC increased its holdings in shares of Southwest Gas by 0.4% during the fourth quarter. Gabelli Funds LLC now owns 1,014,287 shares of the utilities provider's stock worth $81,163,000 after purchasing an additional 4,145 shares during the period. 92.77% of the stock is owned by institutional investors and hedge funds.

Southwest Gas Price Performance

Southwest Gas stock opened at $92.66 on Friday. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 2.19 and a beta of 0.57. Southwest Gas Corporation has a 52-week low of $75.75 and a 52-week high of $94.46. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.71 and a current ratio of 0.83. The stock's 50 day moving average price is $90.43 and its two-hundred day moving average price is $88.76.

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, meeting the consensus estimate of $0.45. The company had revenue of $358.15 million during the quarter, compared to analyst estimates of $416.20 million. Southwest Gas had a net margin of 31.85% and a return on equity of 6.91%. Southwest Gas's revenue for the quarter was down 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.18) EPS. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. On average, equities analysts predict that Southwest Gas Corporation will post 4.25 earnings per share for the current year.

Southwest Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be issued a dividend of $0.645 per share. The ex-dividend date is Monday, August 17th. This represents a $2.58 annualized dividend and a dividend yield of 2.8%. Southwest Gas's dividend payout ratio is currently 33.68%.

Analyst Ratings Changes

SWX has been the topic of a number of recent research reports. Wall Street Zen lowered Southwest Gas from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. raised Southwest Gas from a "neutral" rating to an "overweight" rating and set a $100.00 target price on the stock in a report on Thursday, May 7th. Wells Fargo & Company raised their price target on Southwest Gas from $105.00 to $107.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Weiss Ratings reaffirmed a "buy (a-)" rating on shares of Southwest Gas in a research note on Monday, August 3rd. Finally, Mizuho set a $103.00 price objective on shares of Southwest Gas in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $98.29.

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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