Southwest Gas Corporation $SWX Position Decreased by Peregrine Capital Management LLC

Posted by Brenda Bartman on Jul 2nd, 2026

Peregrine Capital Management LLC lowered its holdings in Southwest Gas Corporation (NYSE:SWX – Free Report) by 8.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,570 shares of the utilities provider’s stock after selling 5,748 shares during the period. Peregrine Capital Management LLC’s holdings in Southwest Gas were worth $5,177,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Norges Bank acquired a new stake in Southwest Gas during the fourth quarter valued at approximately $66,930,000. BROOKFIELD Corp ON acquired a new position in Southwest Gas in the fourth quarter worth approximately $27,052,000. Victory Capital Management Inc. increased its holdings in shares of Southwest Gas by 176.3% in the third quarter. Victory Capital Management Inc. now owns 501,748 shares of the utilities provider’s stock valued at $39,307,000 after buying an additional 320,145 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its position in shares of Southwest Gas by 16.1% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,648,496 shares of the utilities provider’s stock valued at $131,913,000 after acquiring an additional 228,496 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new stake in shares of Southwest Gas during the 3rd quarter valued at $16,200,000. 92.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SWX. Mizuho raised their price objective on Southwest Gas from $96.00 to $98.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 9th. Citigroup upped their target price on Southwest Gas from $99.00 to $106.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Wall Street Zen lowered Southwest Gas from a “hold” rating to a “sell” rating in a research report on Saturday, June 20th. Weiss Ratings raised Southwest Gas from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. upgraded 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. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Southwest Gas currently has a consensus rating of “Buy” and a consensus price target of $97.29.

Check Out Our Latest Report on Southwest Gas

Southwest Gas Trading Down 0.1%

NYSE SWX opened at $88.62 on Thursday. The firm’s 50 day moving average price is $89.04 and its two-hundred day moving average price is $86.66. 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 twelve month low of $72.43 and a twelve month high of $94.43. The stock has a market cap of $6.41 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 2.11 and a beta of 0.58.

Southwest Gas (NYSE:SWX – Get Free Report) last released its earnings results on Tuesday, May 5th. The utilities provider reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.03. The company had revenue of $585.12 million during the quarter, compared to analyst estimates of $695.52 million. Southwest Gas had a return on equity of 6.95% and a net margin of 19.95%.The company’s revenue for the quarter was down 21.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.58 earnings per share. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. Equities analysts anticipate that Southwest Gas Corporation will post 4.25 EPS for the current year.

Southwest Gas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were given a dividend of $0.645 per share. 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. This represents a $2.58 annualized dividend and a yield of 2.9%. Southwest Gas’s payout ratio is presently 37.39%.

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.