Southwest Gas (NYSE:SWX – Get Free Report) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 4.170-4.320 for the period, compared to the consensus earnings per share estimate of 3.950. The company issued revenue guidance of -.
Southwest Gas Trading Down 2.2%
SWX traded down $1.96 during mid-day trading on Wednesday, reaching $86.04. The stock had a trading volume of 432,916 shares, compared to its average volume of 720,216. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.43 and a current ratio of 1.55. Southwest Gas has a 52 week low of $64.69 and a 52 week high of $88.74. The stock has a market capitalization of $6.21 billion, a P/E ratio of 13.40, a P/E/G ratio of 2.33 and a beta of 0.65. The firm’s fifty day simple moving average is $83.28 and its two-hundred day simple moving average is $80.75.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on SWX shares. Citigroup raised shares of Southwest Gas from a “neutral” rating to a “buy” rating and raised their price target for the stock from $82.00 to $99.00 in a research note on Thursday, January 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Southwest Gas in a research report on Monday, December 29th. Finally, Mizuho set a $96.00 price target on shares of Southwest Gas in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Southwest Gas has a consensus rating of “Moderate Buy” and an average price target of $88.40.
Institutional Investors Weigh In On Southwest Gas
Several institutional investors and hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in Southwest Gas by 223.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 440 shares of the utilities provider’s stock worth $33,000 after buying an additional 304 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of Southwest Gas by 21.3% during the second quarter. Daiwa Securities Group Inc. now owns 939 shares of the utilities provider’s stock worth $70,000 after purchasing an additional 165 shares during the period. Advisory Services Network LLC bought a new stake in shares of Southwest Gas in the third quarter worth $72,000. Danske Bank A S bought a new stake in shares of Southwest Gas in the third quarter worth $94,000. Finally, Kestra Advisory Services LLC acquired a new stake in Southwest Gas in the fourth quarter valued at $99,000. Institutional investors own 92.77% of the company’s stock.
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.
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