Horizon Investments LLC Acquires Shares of 17,007 Southwest Gas Corporation $SWX

Key Points

• Horizon Investments LLC established a new position in Southwest Gas by buying 17,007 shares (about $1.36 million), and institutional investors now own roughly 92.77% of the stock.
• Q1 results showed a slight EPS beat ($1.91 vs. $1.88) but revenue plunged about 21.6% year‑over‑year$4.17–$4.32 EPS.
• Southwest Gas raised its quarterly dividend to $0.645 (annualized $2.58, ~2.8% yield), while analysts hold a consensus "Moderate Buy" rating and Citigroup lifted its price target to $106.00.

Horizon Investments LLC bought a new position in shares of Southwest Gas Corporation (NYSE:SWX - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 17,007 shares of the utilities provider's stock, valued at approximately $1,361,000.

Other hedge funds have also modified their holdings of the company. JFS Wealth Advisors LLC increased its holdings in shares of Southwest Gas by 905.3% in the third quarter. JFS Wealth Advisors LLC now owns 382 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 344 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Southwest Gas by 223.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 440 shares of the utilities provider's stock valued at $33,000 after buying an additional 304 shares during the period. Daiwa Securities Group Inc. raised its position in shares of 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 last quarter. Advisory Services Network LLC acquired a new position in shares of Southwest Gas during the third quarter valued at $72,000. Finally, Danske Bank A S bought a new position in Southwest Gas in the third quarter valued at about $94,000. 92.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SWX. Citigroup boosted their price objective on Southwest Gas from $99.00 to $106.00 and gave the stock a "buy" rating in a report on Wednesday. Wall Street Zen lowered shares of Southwest Gas from a "hold" rating to a "sell" rating in a research note on Saturday, April 18th. Finally, Mizuho set a $96.00 price target on shares of Southwest Gas in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Southwest Gas currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.80.

More Southwest Gas News

Here are the key news stories impacting Southwest Gas this week:

• Positive Sentiment: EPS beat and operating improvements — SWX reported $1.91 EPS vs. $1.88 consensus, with operating income rising year-over-year; the beat supports near-term earnings credibility. Read More.
• Positive Sentiment: Analyst upgrade — Citigroup raised its price target from $99 to $106 and initiated/maintained a "buy" view, implying meaningful upside that could support the stock over coming sessions. Read More.
• Positive Sentiment: Regulatory progress and growth optionality — Management flagged 8.5% requested ROE in filed AZ/NV rate cases and strong shipper interest for potential phased expansion beyond Great Basin’s planned 2028 project, which are constructive for long-term rate base growth. Read More.
• Neutral Sentiment: Guidance affirmed but slightly mixed — SWX reiterated FY2026 EPS guidance at $4.170–4.320 (roughly in line with consensus), leaving full-year outlook intact but offering limited new upside. Read More.
• Negative Sentiment: Revenue and throughput weakness — Quarterly revenue declined ~21.6% Y/Y and missed analyst expectations by a wide margin, driven by lower system throughput, which pressures top-line visibility. Read More.
• Negative Sentiment: California rate-case delay — Management said a pending California decision temporarily depressed Q1 results; uncertainty on timing/outcome of that case is a near-term headwind and likely a reason investors pared positions. Read More.
• Neutral Sentiment: Read the full Q1 call/transcript for management color — The earnings call transcript outlines drivers, timing for the California matter and capital plans. Useful if you’re assessing risk/reward. Read More.

Southwest Gas Stock Down 3.1%

NYSE:SWX opened at $90.79 on Thursday. The company has a quick ratio of 1.18, a current ratio of 1.45 and a debt-to-equity ratio of 0.84. Southwest Gas Corporation has a 12-month low of $66.93 and a 12-month high of $94.43. The stock's fifty day simple moving average is $88.90 and its 200-day simple moving average is $84.38. The firm has a market capitalization of $6.57 billion, a P/E ratio of 13.16, a P/E/G ratio of 2.41 and a beta of 0.62.

Southwest Gas (NYSE:SWX - Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.88 by $0.03. Southwest Gas had a return on equity of 6.95% and a net margin of 19.95%.The business had revenue of $585.12 million during the quarter, compared to the consensus estimate of $695.52 million. During the same quarter in the prior year, the company posted $1.58 earnings per share. The firm's revenue was down 21.6% on a year-over-year basis. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. Equities research analysts expect that Southwest Gas Corporation will post 4.25 earnings per share for the current year.

Southwest Gas Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be given a $0.645 dividend. The ex-dividend date is Friday, May 15th. This represents a $2.58 dividend on an annualized basis and a dividend yield of 2.8%. This is a positive change from Southwest Gas's previous quarterly dividend of $0.62. Southwest Gas's dividend payout ratio is 37.75%.

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.