Dynamic Technology Lab Private Ltd Invests $1.32 Million in Southwest Gas Corporation $SWX

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Southwest Gas Corporation (NYSE:SWX) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 16,812 shares of the utilities provider’s stock, valued at approximately $1,317,000.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in Southwest Gas by 146.9% in the third quarter. JPMorgan Chase & Co. now owns 1,773,068 shares of the utilities provider’s stock valued at $138,902,000 after buying an additional 1,054,963 shares in the last quarter. Norges Bank acquired a new position in shares of Southwest Gas during the second quarter worth $63,338,000. Victory Capital Management Inc. increased its holdings in shares of Southwest Gas by 176.3% during the third quarter. Victory Capital Management Inc. now owns 501,748 shares of the utilities provider’s stock worth $39,307,000 after buying an additional 320,145 shares in the last quarter. Channing Capital Management LLC lifted its stake in shares of Southwest Gas by 32.1% in the 3rd quarter. Channing Capital Management LLC now owns 930,695 shares of the utilities provider’s stock valued at $72,911,000 after acquiring an additional 226,231 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Southwest Gas by 78.0% during the 2nd quarter. AQR Capital Management LLC now owns 404,836 shares of the utilities provider’s stock valued at $29,970,000 after acquiring an additional 177,421 shares in the last quarter. 92.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SWX shares. Citigroup upgraded Southwest Gas from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $82.00 to $99.00 in a research report on Thursday, January 15th. Mizuho set a $96.00 price target on Southwest Gas in a research note on Wednesday, February 11th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Southwest Gas in a report on Monday, December 29th. One 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.40.

Southwest Gas Price Performance

Shares of SWX opened at $87.53 on Monday. The business has a 50-day moving average of $84.43 and a 200-day moving average of $81.31. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.28 and a quick ratio of 1.18. The company has a market capitalization of $6.33 billion, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 2.20 and a beta of 0.63. Southwest Gas Corporation has a 1 year low of $64.69 and a 1 year high of $90.00.

Southwest Gas (NYSE:SWX) last announced its earnings results on Wednesday, February 25th. The utilities provider reported $1.36 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.04). Southwest Gas had a net margin of 14.77% and a return on equity of 6.62%. The company had revenue of $480.74 million during the quarter, compared to the consensus estimate of $587.01 million. During the same quarter in the previous year, the company earned $1.39 earnings per share. The business’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. As a group, equities research analysts anticipate that Southwest Gas Corporation will post 3.03 earnings per share for the current 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.