Intech Investment Management LLC Cuts Stock Position in Southwest Gas Corporation $SWX

Intech Investment Management LLC trimmed its holdings in Southwest Gas Corporation (NYSE:SWX) by 31.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,926 shares of the utilities provider’s stock after selling 14,342 shares during the period. Intech Investment Management LLC’s holdings in Southwest Gas were worth $2,501,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in SWX. JFS Wealth Advisors LLC raised its stake in Southwest Gas by 905.3% during the 3rd quarter. JFS Wealth Advisors LLC now owns 382 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 344 shares during the period. 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 bought a new stake in shares of Southwest Gas during the second quarter valued at approximately $36,000. Daiwa Securities Group Inc. lifted its holdings in shares of Southwest Gas by 21.3% in the second quarter. Daiwa Securities Group Inc. now owns 939 shares of the utilities provider’s stock worth $70,000 after buying an additional 165 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Southwest Gas by 40.7% during the third 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. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Analysts Set New Price Targets

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

Southwest Gas Price Performance

SWX stock opened at $88.78 on Wednesday. Southwest Gas Corporation has a 52 week low of $64.69 and a 52 week high of $89.45. The firm has a market capitalization of $6.42 billion, a P/E ratio of 13.51, a price-to-earnings-growth ratio of 2.27 and a beta of 0.63. The company has a fifty day simple moving average of $84.00 and a two-hundred day simple moving average of $81.07. The company has a quick ratio of 1.18, a current ratio of 1.28 and a debt-to-equity ratio of 0.87.

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

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.