Fieldview Capital Management LLC Makes New Investment in Southwest Gas Corporation $SWX

Fieldview Capital Management LLC bought a new position in Southwest Gas Corporation (NYSE:SWX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,281 shares of the utilities provider’s stock, valued at approximately $743,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. JFS Wealth Advisors LLC boosted its position in Southwest Gas by 905.3% in the third quarter. JFS Wealth Advisors LLC now owns 382 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 344 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Southwest Gas by 223.5% in the second quarter. EverSource Wealth Advisors LLC now owns 440 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 304 shares during the last quarter. Kingdom Financial Group LLC. purchased a new position in Southwest Gas in the fourth quarter worth about $56,000. Harbour Investments Inc. boosted its position in Southwest Gas by 301.0% in the fourth quarter. Harbour Investments Inc. now owns 834 shares of the utilities provider’s stock worth $67,000 after purchasing an additional 626 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in shares of Southwest Gas by 21.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 939 shares of the utilities provider’s stock valued at $70,000 after buying an additional 165 shares in the last quarter. 92.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SWX has been the topic of a number of analyst reports. Mizuho lifted their price objective on Southwest Gas from $96.00 to $98.00 and gave the company an “outperform” rating in a research report on Tuesday, June 9th. 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. Citigroup lifted their price objective on Southwest Gas from $99.00 to $106.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Weiss Ratings raised Southwest Gas from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, May 6th. 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 assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $97.29.

Southwest Gas Stock Performance

NYSE:SWX opened at $88.39 on Tuesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.45 and a quick ratio of 1.32. Southwest Gas Corporation has a 1 year low of $71.68 and a 1 year high of $94.43. The stock’s 50 day simple moving average is $89.52 and its two-hundred day simple moving average is $85.98. The company has a market cap of $6.40 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 2.12 and a beta of 0.58.

Southwest Gas (NYSE:SWX) last released its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.91 earnings per share (EPS) 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 business had revenue of $585.12 million for the quarter, compared to the consensus estimate of $695.52 million. During the same quarter in the previous year, the company posted $1.58 EPS. The company’s revenue was down 21.6% compared to the same quarter last year. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. As a group, equities analysts anticipate that Southwest Gas Corporation will post 4.25 earnings per share for the current fiscal year.

Southwest Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were paid a $0.645 dividend. This represents a $2.58 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Friday, May 15th. This is a positive change from Southwest Gas’s previous quarterly dividend of $0.62. Southwest Gas’s dividend payout ratio is presently 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.