Boothbay Fund Management LLC Has $5.69 Million Position in Southwest Gas Corporation $SWX

Boothbay Fund Management LLC boosted its stake in shares of Southwest Gas Corporation (NYSE:SWX) by 155.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,636 shares of the utilities provider’s stock after purchasing an additional 44,246 shares during the period. Boothbay Fund Management LLC owned about 0.10% of Southwest Gas worth $5,690,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. JFS Wealth Advisors LLC grew its stake in Southwest Gas by 905.3% in the third quarter. JFS Wealth Advisors LLC now owns 382 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 344 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake 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 worth $33,000 after purchasing an additional 304 shares in the last quarter. Simplex Trading LLC acquired a new stake in shares of Southwest Gas during the 2nd quarter valued at about $36,000. Daiwa Securities Group Inc. grew its stake in shares of Southwest Gas by 21.3% in 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 in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Southwest Gas by 40.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,171 shares of the utilities provider’s stock valued at $92,000 after buying an additional 339 shares in the last quarter. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

Southwest Gas Trading Up 0.8%

Southwest Gas stock opened at $88.03 on Monday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.18 and a current ratio of 1.28. The business’s 50-day simple moving average is $85.13 and its 200-day simple moving average is $81.66. The firm has a market capitalization of $6.36 billion, a PE ratio of 13.40, a PEG ratio of 2.21 and a beta of 0.63. Southwest Gas Corporation has a 52 week low of $64.69 and a 52 week high of $90.00.

Southwest Gas (NYSE:SWX) last posted its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $1.36 earnings per share for the quarter, missing the consensus estimate 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 firm’s revenue was down 13.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.39 earnings per share. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. Equities research analysts forecast that Southwest Gas Corporation will post 3.03 earnings per share for the current year.

Analysts Set New Price Targets

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

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.