Fieldview Capital Management LLC Takes $743,000 Position in Southwest Gas Corporation $SWX

Fieldview Capital Management LLC bought a new stake in shares of Southwest Gas Corporation (NYSE:SWX) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 9,281 shares of the utilities provider’s stock, valued at approximately $743,000.

Several other large investors have also recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. increased its position in shares of Southwest Gas by 1.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 10,837 shares of the utilities provider’s stock valued at $867,000 after purchasing an additional 132 shares during the last quarter. Illinois Municipal Retirement Fund increased its position in shares of Southwest Gas by 1.3% during the 4th quarter. Illinois Municipal Retirement Fund now owns 10,431 shares of the utilities provider’s stock valued at $835,000 after purchasing an additional 135 shares during the last quarter. LPL Financial LLC increased its position in shares of Southwest Gas by 1.1% during the 4th quarter. LPL Financial LLC now owns 14,500 shares of the utilities provider’s stock valued at $1,160,000 after purchasing an additional 159 shares during the last quarter. Arizona State Retirement System increased its position in shares of Southwest Gas by 0.9% during the 4th quarter. Arizona State Retirement System now owns 17,184 shares of the utilities provider’s stock valued at $1,375,000 after purchasing an additional 161 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of Southwest Gas by 21.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 939 shares of the utilities provider’s stock valued at $70,000 after purchasing an additional 165 shares during the last quarter. Institutional investors own 92.77% of the company’s stock.

Analyst Upgrades and Downgrades

SWX has been the topic of several analyst reports. Weiss Ratings raised Southwest Gas from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, May 6th. UBS Group set a $100.00 price objective on Southwest Gas in a report on Thursday, May 7th. Wall Street Zen upgraded Southwest Gas from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. JPMorgan Chase & Co. upgraded Southwest Gas from a “neutral” rating to an “overweight” rating and set a $100.00 price objective for the company in a report on Thursday, May 7th. Finally, Wells Fargo & Company started coverage on Southwest Gas in a report on Monday, May 11th. They set an “overweight” rating and a $105.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $97.29.

Southwest Gas Price Performance

SWX opened at $88.39 on Tuesday. The business has a fifty day moving average of $89.52 and a 200 day moving average of $85.98. Southwest Gas Corporation has a 52-week low of $71.68 and a 52-week high of $94.43. The company has a quick ratio of 1.32, a current ratio of 1.45 and a debt-to-equity ratio of 0.84. The stock has a market cap of $6.40 billion, a P/E ratio of 12.81, a PEG ratio of 2.12 and a beta of 0.58.

Southwest Gas (NYSE:SWX) last issued its earnings results on Tuesday, May 5th. The utilities provider reported $1.91 earnings per share 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 business had revenue of $585.12 million during the quarter, compared to analysts’ expectations of $695.52 million. During the same period in the prior year, the business earned $1.58 EPS. The business’s revenue for the quarter was down 21.6% compared to the same quarter last year. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. As a group, sell-side analysts anticipate that Southwest Gas Corporation will post 4.25 EPS for the current year.

Southwest Gas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were issued a $0.645 dividend. The ex-dividend date was Friday, May 15th. This represents a $2.58 annualized dividend and a dividend yield of 2.9%. This is a positive change from Southwest Gas’s previous quarterly dividend of $0.62. Southwest Gas’s dividend payout ratio (DPR) is currently 37.39%.

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.