Southwest Gas (NYSE:SWX) Sets New 12-Month High - Still a Buy?

Key Points

• New 52-week high: Southwest Gas shares climbed as high as $93.44 (last $91.36) on volume of 356,677, marking a fresh one-year peak.
• Analyst sentiment is mostly positive—MarketBeat shows a consensus Moderate Buy with an average price target of $88.40, while Citigroup upgraded to a Buy with a $99 target and Mizuho set a $96 objective.
• Fundamentals mixed: the company missed quarterly estimates (EPS $1.36 vs $1.40; revenue $480.74M vs $587.01M, down 13.1% YoY), but provided FY2026 EPS guidance of $4.17–$4.32 and the stock trades at a P/E of 13.91.

Southwest Gas Corporation (NYSE:SWX - Get Free Report) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $93.44 and last traded at $91.3590, with a volume of 356677 shares trading hands. The stock had previously closed at $93.18.

Analyst Ratings Changes

SWX has been the subject of a number of recent analyst reports. Mizuho set a $96.00 price objective on shares of Southwest Gas in a research report on Wednesday, February 11th. Weiss Ratings restated a "buy (b)" rating on shares of Southwest Gas in a research report on Monday, December 29th. Finally, Citigroup upgraded shares of Southwest Gas from a "neutral" rating to a "buy" rating and upped their price objective for the company from $82.00 to $99.00 in a research report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Southwest Gas has a consensus rating of "Moderate Buy" and an average price target of $88.40.

Southwest Gas Stock Performance

The stock has a fifty day simple moving average of $87.29 and a 200-day simple moving average of $83.03. The stock has a market cap of $6.61 billion, a P/E ratio of 13.91, a PEG ratio of 2.34 and a beta of 0.60. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.18 and a current ratio of 1.28.

Southwest Gas (NYSE:SWX - Get Free Report) last released its earnings results on Wednesday, February 25th. The utilities provider reported $1.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.40 by ($0.04). The firm had revenue of $480.74 million for the quarter, compared to the consensus estimate of $587.01 million. Southwest Gas had a return on equity of 6.62% and a net margin of 14.77%.Southwest Gas's revenue for the quarter was down 13.1% on a year-over-year basis. During the same quarter last year, the company posted $1.39 EPS. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. On average, equities analysts expect that Southwest Gas Corporation will post 3.03 earnings per share for the current year.

Hedge Funds Weigh In On Southwest Gas

A number of large investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund boosted its stake in shares of Southwest Gas by 30.6% during the 3rd quarter. New York State Common Retirement Fund now owns 224,650 shares of the utilities provider's stock worth $17,599,000 after buying an additional 52,573 shares during the last quarter. Channing Capital Management LLC boosted its stake in shares of Southwest Gas by 32.1% during the 3rd quarter. Channing Capital Management LLC now owns 930,695 shares of the utilities provider's stock worth $72,911,000 after buying an additional 226,231 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Southwest Gas by 547.9% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 23,319 shares of the utilities provider's stock worth $1,827,000 after buying an additional 19,720 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Southwest Gas by 146.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,773,068 shares of the utilities provider's stock worth $138,902,000 after buying an additional 1,054,963 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Southwest Gas by 176.3% during the 3rd quarter. Victory Capital Management Inc. now owns 501,748 shares of the utilities provider's stock worth $39,307,000 after buying an additional 320,145 shares during the last quarter. Institutional investors own 92.77% of the company's stock.

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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