Bank of New York Mellon Corp Takes Position in Southwest Gas Corporation $SWX

Key Points

• Bank of New York Mellon acquired 838,118 shares of Southwest Gas in the second quarter, worth approximately $74.3 million and representing a 1.16% stake. Institutional investors and hedge funds 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 expectations 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, or $2.58 annually, yielding about 2.9%. Analysts maintain a “Moderate Buy” consensus with an average price target of $98.29, compared with the stock’s $89.19 opening price.

Bank of New York Mellon Corp bought a new stake in Southwest Gas Corporation (NYSE:SWX - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 838,118 shares of the utilities provider's stock, valued at approximately $74,324,000. Bank of New York Mellon Corp owned 1.16% of Southwest Gas at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. increased its stake in shares of Southwest Gas by 1.2% during the fourth 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 period. Illinois Municipal Retirement Fund raised its holdings in Southwest Gas by 1.3% in 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 in the last quarter. GAMMA Investing LLC lifted its stake in Southwest Gas by 8.5% in the second quarter. GAMMA Investing LLC now owns 1,960 shares of the utilities provider's stock worth $174,000 after acquiring an additional 153 shares during the last quarter. LPL Financial LLC lifted its stake 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 acquiring an additional 159 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in Southwest Gas by 0.9% in the fourth quarter. Arizona State Retirement System now owns 17,184 shares of the utilities provider's stock worth $1,375,000 after acquiring an additional 161 shares during the last quarter. 92.77% of the stock is owned by institutional investors and hedge funds.

Southwest Gas Stock Down 0.4%

SWX opened at $89.19 on Wednesday. The business's 50-day simple moving average is $90.73 and its 200-day simple moving average is $89.19. 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 Corporation has a one year low of $76.17 and a one year high of $94.46. The stock has a market capitalization of $6.46 billion, a P/E ratio of 11.64, a price-to-earnings-growth ratio of 2.13 and a beta of 0.57.

Southwest Gas (NYSE:SWX - Get Free Report) last announced its earnings results on Wednesday, August 5th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.45. The firm had revenue of $358.15 million during the quarter, compared to analysts' expectations of $416.20 million. Southwest Gas had a return on equity of 6.91% and a net margin of 31.85%.The business's revenue was down 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.18) EPS. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. Analysts anticipate that Southwest Gas Corporation will post 4.25 EPS for the current year.

Southwest Gas Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. UBS Group set a $100.00 price objective on shares of Southwest Gas in a research report on Thursday, May 7th. Wall Street Zen cut shares of Southwest Gas from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Citigroup boosted their target price on shares of Southwest Gas from $99.00 to $106.00 and gave the stock a "buy" rating in a research note on Wednesday, May 6th. Wells Fargo & Company increased their target price on Southwest Gas from $105.00 to $107.00 and gave the company an "overweight" rating in a report on Friday, August 7th. Finally, Weiss Ratings lowered Southwest Gas from a "buy (a-)" rating to a "buy (b)" rating in a report on Monday, August 17th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Southwest Gas currently has an average rating of "Moderate Buy" and an average target price 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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