Southwest Gas (NYSE:SWX) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Southwest Gas Corporation (NYSE:SWX)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $82.66 and traded as high as $89.38. Southwest Gas shares last traded at $88.8670, with a volume of 476,421 shares trading hands.

Analyst Upgrades and Downgrades

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

Southwest Gas Price Performance

The stock has a market capitalization of $6.43 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 2.24 and a beta of 0.60. 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 50-day simple moving average of $86.52 and a 200 day simple moving average of $82.66.

Southwest Gas (NYSE:SWX) last announced its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.04). The business had revenue of $480.74 million for the quarter, compared to analyst estimates of $587.01 million. Southwest Gas had a return on equity of 6.62% and a net margin of 14.77%.The company’s revenue was down 13.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.39 earnings per share. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. On average, equities research analysts forecast that Southwest Gas Corporation will post 3.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Southwest Gas

Institutional investors have recently made changes to their positions in the company. JFS Wealth Advisors LLC lifted its holdings in shares of Southwest Gas by 905.3% during the 3rd quarter. JFS Wealth Advisors LLC now owns 382 shares of the utilities provider’s stock valued at $30,000 after buying an additional 344 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Southwest Gas by 223.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 440 shares of the utilities provider’s stock valued at $33,000 after buying an additional 304 shares during the last quarter. Kingdom Financial Group LLC. acquired a new stake in shares of Southwest Gas during the 4th quarter valued at about $56,000. Harbour Investments Inc. lifted its holdings in shares of Southwest Gas by 301.0% during the 4th quarter. Harbour Investments Inc. now owns 834 shares of the utilities provider’s stock valued at $67,000 after buying an additional 626 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Southwest Gas by 21.3% during the 2nd 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 last quarter. 92.77% of the stock is currently owned by institutional investors and hedge funds.

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.