174,847 Shares in Southwest Gas Corporation $SWX Bought by BW Gestao de Investimentos Ltda.

BW Gestao de Investimentos Ltda. acquired a new position in Southwest Gas Corporation (NYSE:SWX) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 174,847 shares of the utilities provider’s stock, valued at approximately $13,991,000. BW Gestao de Investimentos Ltda. owned approximately 0.24% of Southwest Gas at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Southwest Gas during the fourth quarter valued at $66,930,000. Geode Capital Management LLC boosted 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 valued at $128,219,000 after buying an additional 9,515 shares during the last quarter. Harbour Investments Inc. boosted its position in shares of Southwest Gas by 301.0% during the fourth quarter. Harbour Investments Inc. now owns 834 shares of the utilities provider’s stock valued at $67,000 after buying an additional 626 shares during the last quarter. Kingdom Financial Group LLC. purchased a new stake in shares of Southwest Gas during the fourth quarter valued at $56,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Southwest Gas by 13.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,431 shares of the utilities provider’s stock valued at $435,000 after buying an additional 630 shares during the last quarter. Institutional investors own 92.77% of the company’s stock.

Wall Street Analysts Forecast Growth

SWX has been the topic of several research reports. Weiss Ratings raised Southwest Gas from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, May 6th. Mizuho set a $96.00 price objective on Southwest Gas in a research report on Wednesday, February 11th. JPMorgan Chase & Co. raised Southwest Gas from a “neutral” rating to an “overweight” rating and set a $100.00 price objective on the stock in a research report on Thursday, May 7th. Wall Street Zen raised Southwest Gas from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, UBS Group set a $100.00 price objective on Southwest Gas in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $97.00.

Southwest Gas Price Performance

Shares of SWX stock opened at $84.49 on Tuesday. Southwest Gas Corporation has a twelve month low of $70.03 and a twelve month high of $94.43. The stock has a market capitalization of $6.12 billion, a price-to-earnings ratio of 12.25, a P/E/G ratio of 2.05 and a beta of 0.58. The stock has a fifty day simple moving average of $89.27 and a two-hundred day simple moving average of $85.47. The company has a current ratio of 1.45, a quick ratio of 1.32 and a debt-to-equity ratio of 0.84.

Southwest Gas (NYSE:SWX) last issued its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.03. Southwest Gas had a return on equity of 6.95% and a net margin of 19.95%.The firm had revenue of $585.12 million during the quarter, compared to analysts’ expectations of $695.52 million. During the same period in the prior year, the business posted $1.58 EPS. The firm’s quarterly revenue was down 21.6% on a year-over-year basis. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. On average, analysts predict that Southwest Gas Corporation will post 4.25 EPS for the current fiscal year.

Southwest Gas Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were paid a $0.645 dividend. The ex-dividend date was Friday, May 15th. This is a positive change from Southwest Gas’s previous quarterly dividend of $0.62. This represents a $2.58 dividend on an annualized basis and a dividend yield of 3.1%. Southwest Gas’s dividend payout ratio (DPR) is currently 37.39%.

Southwest Gas Company 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.