Elo Mutual Pension Insurance Co Purchases New Shares in Southwest Gas Corporation $SWX

Elo Mutual Pension Insurance Co acquired a new position in shares of Southwest Gas Corporation (NYSE:SWX) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 13,090 shares of the utilities provider’s stock, valued at approximately $1,025,000.

A number of other institutional investors also recently modified their holdings of SWX. JPMorgan Chase & Co. increased its position in Southwest Gas by 146.9% during the third quarter. JPMorgan Chase & Co. now owns 1,773,068 shares of the utilities provider’s stock worth $138,902,000 after acquiring an additional 1,054,963 shares during the period. Norges Bank bought a new position in shares of Southwest Gas during the second quarter worth approximately $63,338,000. Channing Capital Management LLC increased its holdings in shares of Southwest Gas by 32.1% during the third quarter. Channing Capital Management LLC now owns 930,695 shares of the utilities provider’s stock worth $72,911,000 after purchasing an additional 226,231 shares during the period. AQR Capital Management LLC raised its position in shares of Southwest Gas by 78.0% in the second quarter. AQR Capital Management LLC now owns 404,836 shares of the utilities provider’s stock valued at $29,970,000 after buying an additional 177,421 shares in the last quarter. Finally, Maverick Capital Ltd. boosted its stake in shares of Southwest Gas by 9.1% in the second quarter. Maverick Capital Ltd. now owns 1,993,671 shares of the utilities provider’s stock valued at $148,309,000 after buying an additional 167,114 shares during the period. Institutional investors own 92.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Mizuho set a $96.00 price objective on Southwest Gas in a report on Wednesday, February 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Southwest Gas in a research note on Monday, December 29th. Finally, Citigroup upgraded shares of Southwest Gas from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $82.00 to $99.00 in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Southwest Gas presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.40.

Southwest Gas Price Performance

Southwest Gas stock opened at $87.79 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 52 week low of $64.69 and a 52 week high of $90.00. The stock has a market capitalization of $6.34 billion, a P/E ratio of 13.36, a price-to-earnings-growth ratio of 2.25 and a beta of 0.63. The stock has a fifty day moving average of $84.29 and a 200-day moving average of $81.17.

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

About Southwest Gas

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.