Odyssean LLC Purchases 14,781 Shares of Southwest Gas Corporation $SWX

Key Points

• Odyssean LLC increased its Southwest Gas stake by 616.6% in the second quarter, purchasing 14,781 additional shares and bringing its holdings to 17,178 shares valued at approximately $1.52 million.
• Institutional investors own 92.77% of Southwest Gas, with BlackRock, Maverick Capital, Adage Capital Partners, Geode Capital Management, and Dimensional Fund Advisors among the company’s largest holders.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $98.29 versus the stock’s reported $89.19 price. Southwest Gas also declared a quarterly dividend of $0.645 per share, representing a 2.9% annualized yield.

Odyssean LLC raised its holdings in shares of Southwest Gas Corporation (NYSE:SWX - Free Report) by 616.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,178 shares of the utilities provider's stock after buying an additional 14,781 shares during the period. Odyssean LLC's holdings in Southwest Gas were worth $1,523,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Southwest Gas during the 2nd quarter worth approximately $991,549,000. Maverick Capital Ltd. grew its position 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 last quarter. Adage Capital Partners GP L.L.C. increased its stake in Southwest Gas by 16.1% in the fourth 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 during the period. Geode Capital Management LLC lifted its position in shares of Southwest Gas by 0.6% during the fourth 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 during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Southwest Gas by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,060,751 shares of the utilities provider's stock worth $84,883,000 after purchasing an additional 5,882 shares during the last quarter. Institutional investors own 92.77% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SWX. Wall Street Zen cut shares of Southwest Gas from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Wells Fargo & Company upped their target price on shares of Southwest Gas from $105.00 to $107.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Mizuho set a $103.00 target price on shares of Southwest Gas in a research report on Wednesday, August 5th. JPMorgan Chase & Co. upgraded Southwest Gas from a "neutral" rating to an "overweight" rating and set a $100.00 price target for the company in a report on Thursday, May 7th. 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 analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $98.29.

Southwest Gas Price Performance

NYSE SWX opened at $89.19 on Wednesday. The company has a market cap of $6.46 billion, a PE ratio of 11.64, a P/E/G ratio of 2.13 and a beta of 0.57. The firm's 50 day moving average price is $90.73 and its 200-day moving average price 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 52-week low of $76.17 and a 52-week high of $94.46.

Southwest Gas (NYSE:SWX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.45 EPS for the quarter, hitting analysts' consensus estimates of $0.45. The company had revenue of $358.15 million during the quarter, compared to the consensus estimate 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 firm posted ($0.18) earnings per share. 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. Stockholders of record on Monday, August 17th will be issued a $0.645 dividend. The ex-dividend date is Monday, August 17th. This represents a $2.58 dividend on an annualized basis and a dividend yield of 2.9%. Southwest Gas's dividend payout ratio (DPR) is currently 33.68%.

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.

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