Southwest Gas Corporation (NYSE:SWX) Stock Has Consensus Target Price of $103.20 According to Analysts

Shares of Southwest Gas Corporation (NYSE:SWX) have been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $103.20.

A number of brokerages recently issued reports on SWX. Mizuho set a $103.00 price target on shares of Southwest Gas in a research note on Wednesday, August 5th. Wells Fargo & Company increased their price objective on shares of Southwest Gas from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Wall Street Zen lowered shares of Southwest Gas from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Weiss Ratings downgraded shares of Southwest Gas from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, September 14th.

Institutional Trading of Southwest Gas

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Southwest Gas in the second quarter worth $991,549,000. Bank of New York Mellon Corp acquired a new stake in shares of Southwest Gas during the second quarter worth $74,324,000. Norges Bank bought a new position in shares of Southwest Gas in the 4th quarter worth about $66,930,000. Bank of America Corp DE bought a new position in shares of Southwest Gas in the 2nd quarter worth about $39,572,000. Finally, BROOKFIELD Corp ON boosted its holdings in shares of Southwest Gas by 106.9% in the 1st quarter. BROOKFIELD Corp ON now owns 699,626 shares of the utilities provider’s stock valued at $60,797,000 after buying an additional 361,556 shares during the period. Institutional investors and hedge funds own 92.77% of the company’s stock.

Southwest Gas Trading Down 1.4%

Shares of SWX opened at $81.22 on Friday. Southwest Gas has a one year low of $76.74 and a one year high of $94.46. The stock has a 50-day moving average price of $89.45 and a 200 day moving average price of $89.19. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.99 and a current ratio of 1.12. The company has a market capitalization of $5.88 billion, a P/E ratio of 10.60, a P/E/G ratio of 1.98 and a beta of 0.57.

Southwest Gas (NYSE:SWX) last posted its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $358.15 million for the quarter, compared to the consensus estimate of $416.20 million. Southwest Gas had a return on equity of 6.79% and a net margin of 31.85%.Southwest Gas’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.18) EPS. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. Sell-side analysts forecast that Southwest Gas will post 4.26 EPS for the current fiscal year.

Southwest Gas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were paid a $0.6450 dividend. This represents a $2.58 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Monday, August 17th. Southwest Gas’s dividend payout ratio (DPR) is 33.68%.

Southwest Gas Company Profile

Southwest Gas Holdings, Inc is a regulated energy company that provides natural gas distribution services through its subsidiary, Southwest Gas Corporation. The utility delivers natural gas to residential, commercial and industrial customers, primarily in Arizona, Nevada and portions of California, serving communities across the desert Southwest.

The company’s utility operations include the acquisition, transportation and distribution of natural gas through a network of pipelines and related infrastructure.