California State Teachers Retirement System Sells 2,191 Shares of Southwest Gas Corporation $SWX

Key Points

• California State Teachers Retirement System reduced its Southwest Gas stake by 2.9% in the second quarter, selling 2,191 shares and retaining 74,145 shares worth about $6.6 million. Institutional investors collectively own 92.77% of the company.
• Southwest Gas reported quarterly EPS of $0.45, matching analyst estimates, while revenue fell 9.6% year over year to $358.2 million, below expectations. The company guided for fiscal 2026 EPS of $4.17–$4.32.
• The utility pays a quarterly dividend of $0.645 per share, equivalent to an annualized $2.58 and a 3.0% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $103.20, versus a recent share price of $86.39.

California State Teachers Retirement System cut its holdings in shares of Southwest Gas Corporation (NYSE:SWX - Free Report) by 2.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,145 shares of the utilities provider's stock after selling 2,191 shares during the period. California State Teachers Retirement System owned about 0.10% of Southwest Gas worth $6,575,179 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Southwest Gas in the 2nd quarter valued at $991,549,000. Maverick Capital Ltd. increased its stake in shares of Southwest Gas by 3.9% during the first 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 period. Geode Capital Management LLC boosted its position in shares of Southwest Gas by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 1,602,100 shares of the utilities provider's stock worth $128,219,000 after buying an additional 9,515 shares during the period. Gabelli Funds LLC lifted its holdings in Southwest Gas by 0.4% in the 4th quarter. Gabelli Funds LLC now owns 1,014,287 shares of the utilities provider's stock worth $81,163,000 after purchasing an additional 4,145 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Southwest Gas by 11.4% during the 1st quarter. Bank of New York Mellon Corp now owns 846,251 shares of the utilities provider's stock worth $73,539,000 after acquiring an additional 86,456 shares during the period. Institutional investors and hedge funds own 92.77% of the company's stock.

Southwest Gas Price Performance

Southwest Gas stock traded down $0.01 during trading hours on Tuesday, hitting $86.39. 383,856 shares of the company traded hands, compared to its average volume of 559,758. The firm has a market cap of $6.26 billion, a P/E ratio of 11.27, a P/E/G ratio of 2.05 and a beta of 0.57. The firm's 50-day simple moving average is $90.56 and its two-hundred day simple moving average is $89.39. The company has a quick ratio of 0.99, a current ratio of 1.12 and a debt-to-equity ratio of 0.83. Southwest Gas Corporation has a 1-year low of $76.74 and a 1-year high of $94.46.

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

Southwest Gas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were given a dividend of $0.645 per share. This represents a $2.58 annualized dividend and a yield of 3.0%. The ex-dividend date was Monday, August 17th. Southwest Gas's payout ratio is presently 33.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SWX shares. Weiss Ratings upgraded shares of Southwest Gas from a "buy (b)" rating to a "buy (b+)" rating in a report on Monday, August 31st. Mizuho set a $103.00 target price on shares of Southwest Gas in a report on Wednesday, August 5th. Wells Fargo & Company boosted their price target on shares of Southwest Gas from $105.00 to $107.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Finally, Wall Street Zen cut Southwest Gas from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Southwest Gas presently has a consensus rating of "Moderate Buy" and a consensus price target of $103.20.

Southwest Gas Profile

Southwest Gas Holdings, Inc is a regulated energy company that provides natural gas distribution services through its subsidiary, Southwest Gas Corporation. The utility delivers natural gas to residential, commercial and industrial customers, primarily in Arizona, Nevada and portions of California, serving communities across the desert Southwest.

The company's utility operations include the acquisition, transportation and distribution of natural gas through a network of pipelines and related infrastructure.

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.