Wellington Management Group LLP Raises Position in Southwest Gas Corporation $SWX

Key Points

• Wellington Management increased its Southwest Gas stake by 19.2% in the second quarter, bringing its holdings to 271,519 shares valued at approximately $24.1 million. Institutional investors collectively own 92.77% of the company.
• Southwest Gas reported quarterly EPS of $0.45, in line with estimates, but revenue of $358.15 million fell short of forecasts and declined 9.6% year over year. The company maintained fiscal 2026 EPS guidance of $4.17–$4.32.
• The company declared a quarterly dividend of $0.645 per share, equivalent to an annualized $2.58 payout and a 2.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $100.67, despite the stock opening at $88.03.

Wellington Management Group LLP increased its stake in Southwest Gas Corporation (NYSE:SWX - Free Report) by 19.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 271,519 shares of the utilities provider's stock after purchasing an additional 43,714 shares during the quarter. Wellington Management Group LLP owned approximately 0.37% of Southwest Gas worth $24,078,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Bell Investment Advisors Inc purchased a new position in shares of Southwest Gas during the 2nd quarter valued at $28,000. EverSource Wealth Advisors LLC increased its holdings in Southwest Gas by 223.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 440 shares of the utilities provider's stock worth $33,000 after acquiring an additional 304 shares during the last quarter. Kingdom Financial Group LLC. bought a new stake in Southwest Gas in the 4th quarter valued at about $56,000. Harbour Investments Inc. raised its stake in Southwest Gas by 301.0% in the 4th quarter. Harbour Investments Inc. now owns 834 shares of the utilities provider's stock valued at $67,000 after acquiring an additional 626 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in Southwest Gas during the third quarter valued at about $72,000. 92.77% of the stock is owned by institutional investors.

Southwest Gas Stock Down 0.7%

SWX stock opened at $88.03 on Friday. The stock has a 50-day simple moving average of $90.77 and a two-hundred day simple moving average of $89.40. Southwest Gas Corporation has a twelve month low of $76.59 and a twelve month high of $94.46. The firm has a market capitalization of $6.38 billion, a PE ratio of 11.49, a PEG ratio of 2.09 and a beta of 0.57. 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 (NYSE:SWX - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.45 EPS for the quarter, meeting analysts' consensus estimates of $0.45. The company had revenue of $358.15 million during the quarter, compared to analyst estimates of $416.20 million. Southwest Gas had a net margin of 31.85% and a return on equity of 6.79%. Southwest Gas's revenue was down 9.6% compared to the same quarter last year. During the same period last year, the business earned ($0.18) earnings per share. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. On average, equities analysts predict that Southwest Gas Corporation will post 4.25 EPS for the current fiscal year.

Southwest Gas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were given a dividend of $0.645 per share. This represents a $2.58 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Monday, August 17th. Southwest Gas's payout ratio is 33.68%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SWX shares. Wall Street Zen lowered shares of Southwest Gas from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Mizuho set a $103.00 price target on shares of Southwest Gas in a research report on Wednesday, August 5th. Weiss Ratings upgraded shares of Southwest Gas from a "buy (b)" rating to a "buy (b+)" rating in a research note on Monday, August 31st. Finally, Wells Fargo & Company lifted their price objective on shares of Southwest Gas from $105.00 to $107.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $100.67.

About Southwest Gas

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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