Southwest Gas Corporation (NYSE:SWX) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Southwest Gas Corporation (NYSE:SWXGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $98.2857.

Several equities analysts have recently weighed in on SWX shares. Mizuho set a $103.00 price target on Southwest Gas in a report on Wednesday, August 5th. Wells Fargo & Company upped their price objective on Southwest Gas from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. raised 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. Wall Street Zen lowered shares of Southwest Gas from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings downgraded shares of Southwest Gas from a “buy (a-)” rating to a “buy (b)” rating in a research report on Monday, August 17th.

View Our Latest Stock Analysis on SWX

Institutional Investors Weigh In On Southwest Gas

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bell Investment Advisors Inc bought a new stake in Southwest Gas during the second quarter valued at about $28,000. EverSource Wealth Advisors LLC lifted its position in shares of 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 acquiring an additional 304 shares in the last quarter. Kingdom Financial Group LLC. bought a new position in shares of Southwest Gas in the fourth quarter worth about $56,000. Harbour Investments Inc. grew 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 worth $67,000 after purchasing an additional 626 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of Southwest Gas by 21.3% during the second quarter. Daiwa Securities Group Inc. now owns 939 shares of the utilities provider’s stock worth $70,000 after purchasing an additional 165 shares in the last quarter. Institutional investors own 92.77% of the company’s stock.

Southwest Gas Stock Up 0.9%

Southwest Gas stock traded up $0.77 during trading hours on Monday, hitting $89.64. 6,007 shares of the stock traded hands, compared to its average volume of 563,462. Southwest Gas has a one year low of $76.17 and a one year high of $94.46. The firm’s 50-day moving average price is $90.68 and its two-hundred day moving average price is $89.09. The company has a current ratio of 0.83, a quick ratio of 0.71 and a debt-to-equity ratio of 0.89. The company has a market cap of $6.49 billion, a PE ratio of 11.70, a PEG ratio of 2.11 and a beta of 0.57.

Southwest Gas (NYSE:SWXGet Free Report) last released its earnings results on Wednesday, August 5th. The utilities provider reported $0.45 EPS for the quarter, meeting analysts’ consensus estimates of $0.45. Southwest Gas had a return on equity of 6.91% and a net margin of 31.85%.The company had revenue of $358.15 million during the quarter, compared to analysts’ expectations of $416.20 million. During the same quarter last year, the business posted ($0.18) EPS. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. On average, research analysts forecast that Southwest Gas will post 4.25 EPS for the current year.

Southwest Gas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a dividend of $0.645 per share. The ex-dividend date is Monday, August 17th. This represents a $2.58 annualized dividend and a yield of 2.9%. Southwest Gas’s payout ratio is 33.68%.

About Southwest Gas

(Get 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.

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Analyst Recommendations for Southwest Gas (NYSE:SWX)

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