Algert Global LLC Cuts Holdings in Southwest Gas Corporation $SWX

Algert Global LLC lowered its position in Southwest Gas Corporation (NYSE:SWX) by 43.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 101,081 shares of the utilities provider’s stock after selling 79,091 shares during the quarter. Algert Global LLC owned 0.14% of Southwest Gas worth $7,919,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in SWX. JPMorgan Chase & Co. increased its position in Southwest Gas by 146.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,773,068 shares of the utilities provider’s stock worth $138,902,000 after purchasing an additional 1,054,963 shares in the last quarter. Norges Bank purchased a new stake in Southwest Gas during the second quarter worth approximately $63,338,000. Victory Capital Management Inc. increased its position in shares of Southwest Gas by 176.3% in the third quarter. Victory Capital Management Inc. now owns 501,748 shares of the utilities provider’s stock worth $39,307,000 after acquiring an additional 320,145 shares in the last quarter. Channing Capital Management LLC increased its position in shares of Southwest Gas by 32.1% in the third quarter. Channing Capital Management LLC now owns 930,695 shares of the utilities provider’s stock worth $72,911,000 after acquiring an additional 226,231 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new position in shares of Southwest Gas in the 3rd quarter valued at $16,200,000. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Analyst Upgrades and Downgrades

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

Southwest Gas Stock Performance

SWX opened at $88.29 on Tuesday. 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 business’s 50 day moving average is $85.30 and its 200-day moving average is $81.73. The stock has a market cap of $6.38 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 2.21 and a beta of 0.63. Southwest Gas Corporation has a twelve month low of $64.69 and a twelve month high of $90.00.

Southwest Gas (NYSE:SWX) last issued its quarterly earnings data 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). Southwest Gas had a return on equity of 6.62% and a net margin of 14.77%.The business had revenue of $480.74 million during the quarter, compared to the consensus estimate of $587.01 million. During the same period last year, the company earned $1.39 earnings per share. The business’s quarterly revenue was down 13.1% compared to the same quarter last year. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. On average, analysts predict that Southwest Gas Corporation will post 3.03 earnings per share for the current year.

Southwest Gas Company 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.