Aventail Capital Group LP Takes $4.87 Million Position in Southwest Gas Corporation $SWX

Aventail Capital Group LP purchased a new stake in shares of Southwest Gas Corporation (NYSE:SWX) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 62,112 shares of the utilities provider’s stock, valued at approximately $4,866,000. Aventail Capital Group LP owned approximately 0.09% of Southwest Gas at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Bridgefront Capital LLC grew its stake in Southwest Gas by 55.0% in the 3rd quarter. Bridgefront Capital LLC now owns 7,424 shares of the utilities provider’s stock valued at $582,000 after buying an additional 2,634 shares in the last quarter. Boothbay Fund Management LLC lifted its position in shares of Southwest Gas by 155.9% during the third quarter. Boothbay Fund Management LLC now owns 72,636 shares of the utilities provider’s stock worth $5,690,000 after acquiring an additional 44,246 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Southwest Gas during the third quarter worth $423,000. Squarepoint Ops LLC bought a new position in shares of Southwest Gas in the third quarter worth $2,336,000. Finally, iSAM Funds UK Ltd purchased a new position in shares of Southwest Gas in the third quarter valued at $925,000. 92.77% of the stock is owned by institutional investors.

Southwest Gas Trading Up 0.8%

Southwest Gas stock opened at $88.03 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 stock has a market cap of $6.36 billion, a P/E ratio of 13.40, a PEG ratio of 2.21 and a beta of 0.63. The firm’s fifty day moving average price is $85.13 and its 200-day moving average price is $81.64.

Southwest Gas (NYSE:SWX) last posted its quarterly earnings data 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). Southwest Gas had a net margin of 14.77% and a return on equity of 6.62%. The business had revenue of $480.74 million for the quarter, compared to the consensus estimate of $587.01 million. During the same period in the prior year, the business posted $1.39 EPS. Southwest Gas’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. Equities research analysts forecast that Southwest Gas Corporation will post 3.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SWX has been the topic of a number of recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Southwest Gas in a report on Monday, December 29th. Citigroup raised 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. Finally, Mizuho set a $96.00 price target on Southwest Gas in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Southwest Gas has an average rating of “Moderate Buy” and an average target price of $88.40.

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.