Landscape Capital Management L.L.C. Acquires New Position in Southwest Gas Corporation $SWX

Key Points

• Landscape Capital Management acquired 17,331 shares of Southwest Gas worth approximately $1.54 million in the second quarter. Institutional investors collectively own 92.77% of the company.
• Southwest Gas met quarterly earnings expectations at $0.45 per share, though revenue fell 9.6% year over year to $358.15 million, below analyst estimates. The company issued full-year 2026 EPS guidance of $4.17–$4.32.
• The utility declared a quarterly dividend of $0.645 per share, equivalent to an annualized yield of about 2.9%. Analysts maintain a “Moderate Buy” consensus with an average price target of $98.29, compared with a recent share price of $88.98.

Landscape Capital Management L.L.C. acquired a new stake in Southwest Gas Corporation (NYSE:SWX - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 17,331 shares of the utilities provider's stock, valued at approximately $1,537,000.

Other hedge funds have also added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. raised its position 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 purchasing an additional 132 shares in the last quarter. Illinois Municipal Retirement Fund lifted its stake 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 worth $835,000 after acquiring an additional 135 shares during the period. 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 period. LPL Financial LLC grew its holdings in Southwest Gas by 1.1% during the 4th 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 in the last quarter. Finally, Arizona State Retirement System grew its holdings in Southwest Gas by 0.9% during the 4th 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 in the last quarter. 92.77% of the stock is currently owned by institutional investors.

Southwest Gas Price Performance

SWX opened at $88.98 on Friday. The firm has a market capitalization of $6.45 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 2.11 and a beta of 0.57. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.83 and a quick ratio of 0.71. The business's 50-day moving average is $90.68 and its two-hundred day moving average is $89.04. Southwest Gas Corporation has a 1 year low of $76.17 and a 1 year high of $94.46.

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

Southwest Gas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a dividend of $0.645 per share. 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 is presently 33.68%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Wall Street Zen downgraded shares of Southwest Gas from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Weiss Ratings downgraded shares of Southwest Gas from a "buy (a-)" rating to a "buy (b)" rating in a research note on Monday, August 17th. Citigroup lifted their price objective on shares of Southwest Gas from $99.00 to $106.00 and gave the company a "buy" rating in a report on Wednesday, May 6th. UBS Group set a $100.00 price objective on shares of Southwest Gas in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. upgraded Southwest Gas from a "neutral" rating to an "overweight" rating and set a $100.00 target price for the company in a report on Thursday, May 7th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target 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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source