Entropy Technologies LP Takes Position in Southwest Gas Corporation $SWX

Entropy Technologies LP bought a new position in shares of Southwest Gas Corporation (NYSE:SWX) in the first quarter, Holdings Channel reports. The institutional investor bought 11,586 shares of the utilities provider’s stock, valued at approximately $1,007,000.

Other hedge funds have also recently modified their holdings of the company. Millennium Management LLC boosted its holdings in Southwest Gas by 74.7% in the 1st quarter. Millennium Management LLC now owns 209,934 shares of the utilities provider’s stock worth $15,073,000 after buying an additional 89,761 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Southwest Gas by 14.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 190,852 shares of the utilities provider’s stock worth $13,703,000 after buying an additional 24,688 shares in the last quarter. M&T Bank Corp acquired a new position in shares of Southwest Gas during the second quarter valued at approximately $213,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Southwest Gas by 70.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 36,647 shares of the utilities provider’s stock valued at $2,726,000 after acquiring an additional 15,127 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Southwest Gas by 2.6% in the second quarter. Invesco Ltd. now owns 393,080 shares of the utilities provider’s stock valued at $29,241,000 after acquiring an additional 10,122 shares in the last quarter. Institutional investors and hedge funds own 92.77% of the company’s stock.

Analyst Ratings Changes

SWX has been the topic of a number of research analyst reports. UBS Group set a $100.00 price target on Southwest Gas in a research note on Thursday, May 7th. Wall Street Zen upgraded Southwest Gas from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Mizuho lifted their target price on shares of Southwest Gas from $96.00 to $98.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 9th. Weiss Ratings raised shares of Southwest Gas from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, May 6th. Finally, Citigroup upped their target price on shares of Southwest Gas from $99.00 to $106.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $97.29.

Southwest Gas Stock Performance

Shares of Southwest Gas stock opened at $92.80 on Wednesday. The business’s 50 day moving average price is $89.56 and its 200 day moving average price is $88.11. The company has a market cap of $6.72 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 2.18 and a beta of 0.58. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.32 and a current ratio of 1.45. Southwest Gas Corporation has a one year low of $75.75 and a one year high of $94.46.

Southwest Gas (NYSE:SWX) last issued its earnings results on Tuesday, May 5th. The utilities provider reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.03. Southwest Gas had a return on equity of 6.95% and a net margin of 19.95%.The company 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 earned $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, research analysts predict that Southwest Gas Corporation will post 4.27 EPS for the current year.

Southwest Gas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a dividend of $0.645 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $2.58 annualized dividend and a dividend yield of 2.8%. Southwest Gas’s payout ratio is presently 37.39%.

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.