First Trust Advisors LP Sells 13,795 Shares of Southwest Gas Corporation $SWX

Posted by Brian Himes on Jul 28th, 2026

First Trust Advisors LP lessened its holdings in shares of Southwest Gas Corporation (NYSE:SWX – Free Report) by 2.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 489,729 shares of the utilities provider’s stock after selling 13,795 shares during the quarter. First Trust Advisors LP’s holdings in Southwest Gas were worth $42,557,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its position 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 valued at $33,000 after buying an additional 304 shares during the last quarter. Kingdom Financial Group LLC. bought a new stake in Southwest Gas in the 4th quarter valued at $56,000. Harbour Investments Inc. lifted its stake in Southwest Gas by 301.0% in the 4th 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. Daiwa Securities Group Inc. lifted its stake in Southwest Gas by 21.3% in the 2nd 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. Finally, Advisory Services Network LLC bought a new position in shares of Southwest Gas during the 3rd quarter valued at about $72,000. 92.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SWX has been the subject of a number of research analyst reports. UBS Group set a $100.00 price objective on Southwest Gas in a research report on Thursday, May 7th. Citigroup increased their price target on Southwest Gas from $99.00 to $106.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Wells Fargo & Company assumed coverage on Southwest Gas in a research note on Monday, May 11th. They set an “overweight” rating and a $105.00 price target for the company. JPMorgan Chase & Co. upgraded Southwest Gas from a “neutral” rating to an “overweight” rating and set a $100.00 price target for the company in a report on Thursday, May 7th. Finally, Wall Street Zen raised Southwest Gas from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Two investment 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $97.29.

Get Our Latest Stock Report on SWX

Southwest Gas Stock Down 1.1%

Shares of NYSE:SWX opened at $92.07 on Tuesday. The company has a current ratio of 1.45, a quick ratio of 1.32 and a debt-to-equity ratio of 0.84. Southwest Gas Corporation has a 12 month low of $75.75 and a 12 month high of $94.46. The company has a 50-day moving average price of $89.49 and a 200 day moving average price of $88.02. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 2.20 and a beta of 0.58.

Southwest Gas (NYSE:SWX – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.91 EPS for the quarter, topping the consensus estimate of $1.88 by $0.03. Southwest Gas had a return on equity of 6.95% and a net margin of 19.95%.The company had revenue of $585.12 million during the quarter, compared to analyst estimates of $695.52 million. During the same quarter last year, the business posted $1.58 earnings per share. The firm’s revenue was down 21.6% on a year-over-year basis. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. As a group, equities research analysts predict that Southwest Gas Corporation will post 4.27 earnings per share for the current year.

Southwest Gas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be issued a $0.645 dividend. The ex-dividend date is Monday, August 17th. This represents a $2.58 dividend on an annualized basis and a dividend yield of 2.8%. Southwest Gas’s payout ratio is 37.39%.

About Southwest Gas

(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.