Walleye Capital LLC Acquires 9,715 Shares of Southwest Gas Corporation $SWX

Walleye Capital LLC lifted its holdings in shares of Southwest Gas Corporation (NYSE:SWX) by 7.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 132,125 shares of the utilities provider’s stock after acquiring an additional 9,715 shares during the quarter. Walleye Capital LLC owned 0.18% of Southwest Gas worth $11,482,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Millennium Management LLC grew its stake in Southwest Gas by 74.7% in the 1st quarter. Millennium Management LLC now owns 209,934 shares of the utilities provider’s stock valued at $15,073,000 after purchasing an additional 89,761 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Southwest Gas by 14.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 190,852 shares of the utilities provider’s stock worth $13,703,000 after buying an additional 24,688 shares during the last quarter. M&T Bank Corp purchased a new position in shares of Southwest Gas in the 2nd quarter worth about $213,000. Arrowstreet Capital Limited Partnership grew its position in Southwest Gas by 70.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 36,647 shares of the utilities provider’s stock valued at $2,726,000 after buying an additional 15,127 shares during the period. Finally, Invesco Ltd. grew its position in Southwest Gas by 2.6% during the second quarter. Invesco Ltd. now owns 393,080 shares of the utilities provider’s stock valued at $29,241,000 after buying an additional 10,122 shares during the period. 92.77% of the stock is currently owned by institutional investors.

Southwest Gas Stock Performance

Shares of SWX stock opened at $92.94 on Thursday. The firm’s 50 day moving average is $89.24 and its 200 day moving average is $87.76. The stock has a market capitalization of $6.73 billion, a P/E ratio of 13.47, a PEG ratio of 2.18 and a beta of 0.58. Southwest Gas Corporation has a 12 month low of $75.75 and a 12 month high of $94.46. The company has a current ratio of 1.45, a quick ratio of 1.32 and a debt-to-equity ratio of 0.84.

Southwest Gas (NYSE:SWX) last released its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.03. The business had revenue of $585.12 million during the quarter, compared to analyst estimates of $695.52 million. Southwest Gas had a net margin of 19.95% and a return on equity of 6.95%. Southwest Gas’s revenue was down 21.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.58 EPS. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. On average, sell-side analysts anticipate that Southwest Gas Corporation will post 4.27 earnings per share for the current year.

Southwest Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a $0.645 dividend. The ex-dividend date is Monday, August 17th. This represents a $2.58 annualized dividend and a dividend yield of 2.8%. Southwest Gas’s payout ratio is 37.39%.

Wall Street Analysts Forecast Growth

SWX has been the topic of a number of research analyst reports. Mizuho boosted their target price on shares of Southwest Gas from $96.00 to $98.00 and gave the company an “outperform” rating in a research note on Tuesday, June 9th. Weiss Ratings raised shares of Southwest Gas from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, May 6th. Wells Fargo & Company started coverage on Southwest Gas in a research note on Monday, May 11th. They issued an “overweight” rating and a $105.00 price objective on the stock. Wall Street Zen raised Southwest Gas from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Finally, UBS Group set a $100.00 target price on Southwest Gas in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $97.29.

Southwest Gas 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.