BROOKFIELD Corp ON Buys 361,556 Shares of Southwest Gas Corporation $SWX

BROOKFIELD Corp ON boosted its stake in shares of Southwest Gas Corporation (NYSE:SWX) by 106.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 699,626 shares of the utilities provider’s stock after buying an additional 361,556 shares during the period. BROOKFIELD Corp ON’s holdings in Southwest Gas were worth $60,797,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. boosted its stake in Southwest Gas by 1.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 10,837 shares of the utilities provider’s stock worth $867,000 after buying an additional 132 shares during the period. Illinois Municipal Retirement Fund raised its stake in shares of Southwest Gas by 1.3% in the fourth quarter. Illinois Municipal Retirement Fund now owns 10,431 shares of the utilities provider’s stock valued at $835,000 after acquiring an additional 135 shares during the period. LPL Financial LLC raised its stake in shares of Southwest Gas by 1.1% in the fourth quarter. LPL Financial LLC now owns 14,500 shares of the utilities provider’s stock valued at $1,160,000 after acquiring an additional 159 shares during the period. Arizona State Retirement System lifted its holdings in shares of Southwest Gas by 0.9% in the 4th quarter. Arizona State Retirement System now owns 17,184 shares of the utilities provider’s stock worth $1,375,000 after acquiring an additional 161 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings 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 worth $70,000 after acquiring an additional 165 shares during the last quarter. 92.77% of the stock is currently owned by institutional investors.

Southwest Gas Stock Down 0.0%

Shares of SWX opened at $93.05 on Monday. The firm has a market capitalization of $6.73 billion, a P/E ratio of 13.49, a P/E/G ratio of 2.20 and a beta of 0.58. Southwest Gas Corporation has a 12-month low of $75.75 and a 12-month high of $94.46. The company has a current ratio of 1.45, a quick ratio of 1.32 and a debt-to-equity ratio of 0.84. The firm has a fifty day moving average price of $89.42 and a 200-day moving average price of $87.94.

Southwest Gas (NYSE:SWX) last posted its quarterly earnings results on Tuesday, May 5th. The utilities provider reported $1.91 EPS for the quarter, topping the consensus estimate of $1.88 by $0.03. Southwest Gas had a net margin of 19.95% and a return on equity of 6.95%. The company had revenue of $585.12 million for the quarter, compared to the consensus estimate of $695.52 million. During the same quarter last year, the firm posted $1.58 EPS. The firm’s revenue was down 21.6% compared to the same quarter last year. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. Equities research analysts expect that Southwest Gas Corporation will post 4.27 earnings per share for the current year.

Southwest Gas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a $0.645 dividend. This represents a $2.58 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, August 17th. Southwest Gas’s dividend payout ratio is currently 37.39%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SWX shares. Citigroup upped their price target on shares of Southwest Gas from $99.00 to $106.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. UBS Group set a $100.00 price objective on shares of Southwest Gas in a research note on Thursday, May 7th. Wall Street Zen upgraded Southwest Gas from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings raised Southwest Gas from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, May 6th. Finally, Mizuho increased their price target on Southwest Gas from $96.00 to $98.00 and gave the stock an “outperform” rating in a report on Tuesday, June 9th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $97.29.

Southwest Gas 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.