Royal Bank of Canada Sells 60,656 Shares of Southwest Gas Corporation $SWX

Posted by Francis Steltz on Aug 13th, 2026

Royal Bank of Canada lowered its stake in Southwest Gas Corporation (NYSE:SWX – Free Report) by 51.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,976 shares of the utilities provider’s stock after selling 60,656 shares during the quarter. Royal Bank of Canada’s holdings in Southwest Gas were worth $4,951,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SWX. EverSource Wealth Advisors LLC increased its stake in Southwest Gas by 223.5% in the second quarter. EverSource Wealth Advisors LLC now owns 440 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 304 shares in the last quarter. Kingdom Financial Group LLC. bought a new position in shares of Southwest Gas during the 4th quarter worth about $56,000. Harbour Investments Inc. grew its stake in shares of Southwest Gas by 301.0% in the 4th 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 period. Daiwa Securities Group Inc. grew its stake in shares of Southwest Gas by 21.3% in 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 during the period. Finally, Advisory Services Network LLC bought a new stake in Southwest Gas in the 3rd quarter valued at about $72,000. Institutional investors and hedge funds own 92.77% of the company’s stock.

Southwest Gas Price Performance

SWX opened at $92.14 on Thursday. Southwest Gas Corporation has a 1 year low of $75.75 and a 1 year high of $94.46. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.83 and a quick ratio of 0.71. The company has a market capitalization of $6.68 billion, a price-to-earnings ratio of 12.03, a P/E/G ratio of 2.18 and a beta of 0.57. The firm’s fifty day moving average price is $90.25 and its two-hundred day moving average price is $88.67.

Southwest Gas (NYSE:SWX – Get Free Report) last released its earnings results on Wednesday, August 5th. The utilities provider reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. The company had revenue of $358.15 million for the quarter, compared to analysts’ expectations of $416.20 million. Southwest Gas had a return on equity of 6.91% and a net margin of 31.85%.The business’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.18) EPS. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. As a group, analysts anticipate that Southwest Gas Corporation will post 4.25 earnings per share for the current fiscal year.

Southwest Gas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a $0.645 dividend. This represents a $2.58 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, August 17th. Southwest Gas’s payout ratio is presently 33.68%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SWX. Wall Street Zen lowered Southwest Gas from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Wells Fargo & Company increased their target price on Southwest Gas from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Citigroup lifted their price target on shares of Southwest Gas from $99.00 to $106.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. upgraded shares of Southwest Gas from a “neutral” rating to an “overweight” rating and set a $100.00 price objective on the stock in a report on Thursday, May 7th. Finally, UBS Group set a $100.00 price objective on shares of Southwest Gas in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Southwest Gas presently has a consensus rating of “Buy” and an average target price of $98.29.

Check Out Our Latest Analysis on Southwest Gas

Southwest Gas Company Profile

(Free Report)

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.