Capstone Investment Advisors LLC Purchases Shares of 34,032 Southwest Gas Corporation $SWX

Key Points

• Capstone Investment Advisors purchased 34,032 shares of Southwest Gas valued at approximately $3.0 million, while other institutional investors also initiated or increased positions. Institutional ownership now stands at 92.77%.
• Analyst sentiment is broadly positive, with seven Buy ratings and one Hold rating; Southwest Gas has an average “Moderate Buy” rating and a consensus price target of $98.29, despite some recent downgrades.
• Southwest Gas reported quarterly EPS of $0.45, matching estimates, but revenue fell 9.6% year over year to $358.15 million. The company declared a quarterly dividend of $0.645, equivalent to a 2.9% annualized yield.

Capstone Investment Advisors LLC purchased a new position in shares of Southwest Gas Corporation (NYSE:SWX - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 34,032 shares of the utilities provider's stock, valued at approximately $3,018,000.

Other large investors also recently modified their holdings of the company. Corient Private Wealth LP purchased a new stake in shares of Southwest Gas during the 2nd quarter worth about $2,337,000. Bank of America Corp DE purchased a new position in Southwest Gas in the second quarter valued at approximately $39,572,000. Freestone Grove Partners LP purchased a new position in Southwest Gas in the second quarter valued at approximately $1,094,000. Gallagher Fiduciary Advisors LLC acquired a new position in Southwest Gas during the second quarter valued at approximately $501,000. Finally, Odyssean LLC lifted its position in Southwest Gas by 616.6% during the second quarter. Odyssean LLC now owns 17,178 shares of the utilities provider's stock valued at $1,523,000 after buying an additional 14,781 shares in the last quarter. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SWX has been the subject of several recent research reports. Wall Street Zen lowered shares of Southwest Gas from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. upgraded shares of 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. UBS Group set a $100.00 price target on shares of Southwest Gas in a research report on Thursday, May 7th. Mizuho set a $103.00 price target on Southwest Gas in a report on Wednesday, August 5th. Finally, Weiss Ratings lowered Southwest Gas from a "buy (a-)" rating to a "buy (b)" rating in a research report on Monday, August 17th. Seven equities research analysts have rated the stock with 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 "Moderate Buy" and an average price target of $98.29.

Southwest Gas Trading Down 1.4%

Shares of SWX opened at $89.36 on Friday. Southwest Gas Corporation has a one year low of $76.59 and a one year high of $94.46. The stock has a 50-day moving average price of $90.82 and a 200 day moving average price of $89.29. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.71 and a current ratio of 1.12. The company has a market capitalization of $6.47 billion, a P/E ratio of 11.67, a P/E/G ratio of 2.15 and a beta of 0.57.

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

Southwest Gas Dividend Announcement

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. This represents a $2.58 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, August 17th. Southwest Gas's payout ratio is 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.

Want to see what other hedge funds are holding SWX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southwest Gas Corporation (NYSE:SWX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.