Southwest Gas Corporation (SWX) To Go Ex-Dividend on November 16th

Southwest Gas Corporation (NYSE:SWX – Get Free Report) declared a quarterly dividend on Wednesday, October 14th. Investors of record on Monday, November 16th will be paid a dividend of $0.6450 per share by the utilities provider on Tuesday, December 1st. This represents a $2.58 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, November 16th.

Southwest Gas has a dividend payout ratio of 62.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Southwest Gas to earn $5.00 per share next year, which means the company should continue to be able to cover its $2.58 annual dividend with an expected future payout ratio of 51.6%.

Southwest Gas Price Performance

NYSE SWX opened at $86.05 on Friday. Southwest Gas has a 12 month low of $76.99 and a 12 month high of $94.46. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.12 and a quick ratio of 0.99. The firm has a market capitalization of $6.23 billion, a PE ratio of 11.23, a P/E/G ratio of 1.79 and a beta of 0.57. The company’s 50 day simple moving average is $87.01 and its 200 day simple moving average is $88.85.

Southwest Gas (NYSE:SWX – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. The business had revenue of $358.15 million during the quarter, compared to analyst estimates of $416.20 million. Southwest Gas had a return on equity of 6.79% and a net margin of 31.85%. The company’s revenue was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.18) earnings per share. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. As a group, equities research analysts forecast that Southwest Gas will post 4.27 EPS for the current fiscal year.

Insider Transactions at Southwest Gas

In other news, SVP Julie Williams sold 2,500 shares of the firm’s stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $81.81, for a total value of $204,525.00. Following the sale, the senior vice president directly owned 26,450 shares of the company’s stock, valued at approximately $2,163,874.50. This trade represents a 8.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.63% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SWX. State of Alaska Department of Revenue grew its holdings in shares of Southwest Gas by 3.7% during the 3rd quarter. State of Alaska Department of Revenue now owns 9,040 shares of the utilities provider’s stock worth $736,000 after purchasing an additional 325 shares in the last quarter. O Keefe Stevens Advisory Inc. increased its position in shares of Southwest Gas by 12.5% during the third quarter. O Keefe Stevens Advisory Inc. now owns 25,394 shares of the utilities provider’s stock valued at $2,071,000 after purchasing an additional 2,822 shares during the period. Legacy Wealth Asset Management LLC acquired a new position in shares of Southwest Gas in the third quarter valued at $253,000. Versant Capital Management Inc raised its stake in shares of Southwest Gas by 27.5% in the third quarter. Versant Capital Management Inc now owns 2,600 shares of the utilities provider’s stock valued at $212,000 after purchasing an additional 561 shares in the last quarter. Finally, QRG Capital Management Inc. acquired a new position in shares of Southwest Gas in the second quarter valued at $206,000. Institutional investors and hedge funds own 92.77% of the company’s stock.

Southwest Gas Company Profile

(Get Free Report)

Southwest Gas Holdings, Inc (NYSE: SWX) is an energy company whose principal business is the regulated distribution of natural gas through its Southwest Gas Corporation subsidiary. The utility delivers natural gas to residential, commercial, industrial and other customers, providing an essential energy service for heating, cooking and business operations.

Southwest Gas serves customers across portions of Arizona, Nevada and California through an extensive network of pipelines and related infrastructure.

See Also

Dividend History for Southwest Gas (NYSE:SWX)

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