Hudson Bay Capital Management LP Invests $5.67 Million in Southwest Gas Corporation $SWX

Hudson Bay Capital Management LP bought a new stake in Southwest Gas Corporation (NYSE:SWX) in the third quarter, HoldingsChannel reports. The firm bought 72,356 shares of the utilities provider’s stock, valued at approximately $5,668,000.

Several other hedge funds also recently made changes to their positions in SWX. JFS Wealth Advisors LLC grew its stake in Southwest Gas by 905.3% in 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 period. EverSource Wealth Advisors LLC raised its holdings in Southwest Gas by 223.5% in the second quarter. EverSource Wealth Advisors LLC now owns 440 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 304 shares in the last quarter. Advisory Services Network LLC purchased a new position in Southwest Gas during the third quarter valued at $72,000. Daiwa Securities Group Inc. lifted its position in Southwest Gas by 21.3% during the second quarter. Daiwa Securities Group Inc. now owns 939 shares of the utilities provider’s stock valued at $70,000 after buying an additional 165 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Southwest Gas by 40.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,171 shares of the utilities provider’s stock valued at $92,000 after buying an additional 339 shares in the last quarter. 92.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SWX shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Southwest Gas in a research report on Monday, December 29th. Citigroup raised 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 research report on Thursday, January 15th. Finally, Mizuho set a $96.00 price objective on shares of Southwest Gas in a research note on Wednesday, February 11th. One 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $88.40.

Southwest Gas Stock Down 3.1%

Shares of NYSE:SWX opened at $83.56 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.18 and a debt-to-equity ratio of 0.87. The stock has a fifty day simple moving average of $85.71 and a two-hundred day simple moving average of $81.87. Southwest Gas Corporation has a 12-month low of $64.69 and a 12-month high of $90.00. The stock has a market capitalization of $6.04 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 2.16 and a beta of 0.63.

Southwest Gas (NYSE:SWX) last released its earnings results on Wednesday, February 25th. The utilities provider reported $1.36 EPS 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 company had revenue of $480.74 million during the quarter, compared to analysts’ expectations of $587.01 million. During the same period in the prior year, the company posted $1.39 earnings per share. The company’s 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. On average, research 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.