Southwest Gas Corporation $SWX Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL cut its stake in Southwest Gas Corporation (NYSE:SWX) by 4.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 823,693 shares of the utilities provider’s stock after selling 36,644 shares during the period. Southwest Gas comprises approximately 0.6% of Gamco Investors INC. ET AL’s portfolio, making the stock its 29th largest position. Gamco Investors INC. ET AL’s holdings in Southwest Gas were worth $64,528,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. JFS Wealth Advisors LLC grew its holdings in shares of Southwest Gas by 905.3% during the third quarter. JFS Wealth Advisors LLC now owns 382 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 344 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Southwest Gas by 223.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 440 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 304 shares during the last quarter. Simplex Trading LLC acquired a new stake in shares of Southwest Gas in the 2nd quarter valued at about $36,000. Daiwa Securities Group Inc. boosted its position in shares of Southwest Gas by 21.3% in 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 period. Finally, GAMMA Investing LLC grew its stake in Southwest Gas by 40.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,171 shares of the utilities provider’s stock worth $92,000 after buying an additional 339 shares during the last quarter. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Southwest Gas Price Performance

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

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

Analyst Ratings Changes

Several research firms have commented on SWX. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Southwest Gas in a research report on Monday, December 29th. Mizuho set a $96.00 target price on shares of Southwest Gas in a research report on Wednesday, February 11th. Finally, Citigroup raised shares of Southwest Gas from a “neutral” rating to a “buy” rating and lifted their target price for the company from $82.00 to $99.00 in a report on Thursday, January 15th. One investment 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $88.40.

About Southwest Gas

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.