Gabelli Funds LLC Sells 38,355 Shares of Southwest Gas Corporation $SWX

Gabelli Funds LLC decreased its position in shares of Southwest Gas Corporation (NYSE:SWX) by 3.7% in the third quarter, HoldingsChannel reports. The firm owned 1,010,142 shares of the utilities provider’s stock after selling 38,355 shares during the quarter. Gabelli Funds LLC’s holdings in Southwest Gas were worth $79,135,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SWX. JFS Wealth Advisors LLC lifted its position in shares of Southwest Gas by 905.3% in the third quarter. JFS Wealth Advisors LLC now owns 382 shares of the utilities provider’s stock worth $30,000 after buying an additional 344 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Southwest Gas by 223.5% during the 2nd 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 in the last quarter. Simplex Trading LLC purchased a new position in Southwest Gas during the 2nd quarter valued at approximately $36,000. Daiwa Securities Group Inc. increased 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 acquiring an additional 165 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Southwest Gas by 40.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,171 shares of the utilities provider’s stock worth $92,000 after acquiring an additional 339 shares during the last quarter. 92.77% of the stock is owned by institutional investors.

Southwest Gas Price Performance

NYSE:SWX opened at $87.53 on Friday. The firm has a market capitalization of $6.33 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 2.20 and a beta of 0.63. Southwest Gas Corporation has a 1 year low of $64.69 and a 1 year high of $90.00. The business has a 50 day simple moving average of $84.43 and a 200-day simple moving average of $81.24. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.28 and a quick ratio of 1.18.

Southwest Gas (NYSE:SWX) last released its earnings results on Wednesday, February 25th. The utilities provider reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.04). Southwest Gas had a net margin of 14.77% and a return on equity of 6.62%. The company had revenue of $480.74 million for the quarter, compared to the consensus estimate of $587.01 million. During the same period in the prior year, the firm posted $1.39 EPS. The business’s revenue for the quarter was down 13.1% compared to the same quarter last year. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. Equities analysts forecast that Southwest Gas Corporation will post 3.03 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Mizuho set a $96.00 target price on Southwest Gas in a research report on Wednesday, February 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Southwest Gas in a research report on Monday, December 29th. Finally, Citigroup raised shares of Southwest Gas from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $82.00 to $99.00 in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.40.

Southwest Gas Company Profile

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.