Strs Ohio Sells 9,200 Shares of Southwest Gas Corporation $SWX

Strs Ohio cut its holdings in Southwest Gas Corporation (NYSE:SWX) by 50.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,100 shares of the utilities provider’s stock after selling 9,200 shares during the period. Strs Ohio’s holdings in Southwest Gas were worth $728,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Arizona State Retirement System grew its holdings in shares of Southwest Gas by 0.9% in the fourth quarter. Arizona State Retirement System now owns 17,184 shares of the utilities provider’s stock valued at $1,375,000 after acquiring an additional 161 shares in the last quarter. Daiwa Securities Group Inc. grew 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 valued at $70,000 after acquiring an additional 165 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Southwest Gas by 0.4% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,098 shares of the utilities provider’s stock valued at $3,280,000 after acquiring an additional 168 shares in the last quarter. Danske Bank A S grew its holdings in shares of Southwest Gas by 16.7% in the fourth quarter. Danske Bank A S now owns 1,400 shares of the utilities provider’s stock valued at $112,000 after acquiring an additional 200 shares in the last quarter. Finally, Savant Capital LLC grew its holdings in shares of Southwest Gas by 4.2% in the third quarter. Savant Capital LLC now owns 5,219 shares of the utilities provider’s stock valued at $409,000 after acquiring an additional 208 shares in the last quarter. 92.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SWX shares. JPMorgan Chase & Co. raised Southwest Gas from a “neutral” rating to an “overweight” rating and set a $100.00 target price for the company in a report on Thursday. UBS Group set a $100.00 target price on Southwest Gas in a report on Thursday. Weiss Ratings raised Southwest Gas from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday. Mizuho set a $96.00 price objective on Southwest Gas in a report on Wednesday, February 11th. Finally, Citigroup increased their price objective on Southwest Gas from $99.00 to $106.00 and gave the company a “buy” rating in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $95.67.

Southwest Gas Price Performance

Shares of NYSE SWX opened at $90.73 on Friday. The stock has a fifty day simple moving average of $88.95 and a two-hundred day simple moving average of $84.46. Southwest Gas Corporation has a 1-year low of $66.93 and a 1-year high of $94.43. The firm has a market cap of $6.57 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 2.33 and a beta of 0.62. The company has a current ratio of 1.45, a quick ratio of 1.18 and a debt-to-equity ratio of 0.84.

Southwest Gas (NYSE:SWX) last announced its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.91 earnings per share for the quarter, beating 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 analyst estimates of $695.52 million. During the same period in the prior year, the company earned $1.58 earnings per share. Southwest Gas’s revenue 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. Analysts anticipate that Southwest Gas Corporation will post 4.25 earnings per share for the current year.

Southwest Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be issued a dividend of $0.645 per share. This represents a $2.58 annualized dividend and a yield of 2.8%. This is a positive change from Southwest Gas’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Friday, May 15th. Southwest Gas’s dividend payout ratio is currently 37.75%.

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.