Southwest Gas Corporation $SWX Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL decreased its stake in shares of Southwest Gas Corporation (NYSE:SWX) by 4.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 823,693 shares of the utilities provider’s stock after selling 36,644 shares during the quarter. Southwest Gas makes up 0.6% of Gamco Investors INC. ET AL’s investment portfolio, making the stock its 29th biggest holding. Gamco Investors INC. ET AL owned approximately 1.14% of Southwest Gas worth $64,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. JFS Wealth Advisors LLC boosted its stake in shares of Southwest Gas by 905.3% in the 3rd quarter. JFS Wealth Advisors LLC now owns 382 shares of the utilities provider’s stock valued at $30,000 after buying an additional 344 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Southwest Gas by 223.5% during the second quarter. EverSource Wealth Advisors LLC now owns 440 shares of the utilities provider’s stock worth $33,000 after buying an additional 304 shares during the period. Simplex Trading LLC acquired a new stake in Southwest Gas in the second quarter valued at approximately $36,000. Daiwa Securities Group Inc. raised its holdings in Southwest Gas by 21.3% in the second quarter. Daiwa Securities Group Inc. now owns 939 shares of the utilities provider’s stock valued at $70,000 after acquiring an additional 165 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Southwest Gas by 40.7% in the third quarter. GAMMA Investing LLC now owns 1,171 shares of the utilities provider’s stock worth $92,000 after acquiring an additional 339 shares during the last quarter. Institutional investors and hedge funds own 92.77% of the company’s stock.

Southwest Gas Price Performance

SWX stock opened at $87.53 on Friday. The business has a 50 day moving average price of $84.43 and a 200 day moving average price of $81.24. The stock has a market cap of $6.33 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 2.20 and a beta of 0.63. Southwest Gas Corporation has a fifty-two week low of $64.69 and a fifty-two week high of $90.00. The company has a quick ratio of 1.18, a current ratio of 1.28 and a debt-to-equity ratio of 0.87.

Southwest Gas (NYSE:SWX) last announced its quarterly 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). Southwest Gas had a net margin of 14.77% and a return on equity of 6.62%. The business had revenue of $480.74 million during the quarter, compared to analyst estimates of $587.01 million. During the same period last year, the company earned $1.39 earnings per share. The business’s revenue for the quarter was down 13.1% compared to the same quarter last year. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. Equities research analysts anticipate that Southwest Gas Corporation will post 3.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SWX shares. Mizuho set a $96.00 price objective on shares of Southwest Gas in a research report on Wednesday, February 11th. Citigroup raised shares of Southwest Gas from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $82.00 to $99.00 in a research report on Thursday, January 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Southwest Gas in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Southwest Gas has a consensus rating of “Moderate Buy” and a consensus target price of $88.40.

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.