Maverick Capital Ltd. Buys 78,874 Shares of Southwest Gas Corporation $SWX

Maverick Capital Ltd. increased its stake in shares of Southwest Gas Corporation (NYSE:SWX) by 3.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,126,927 shares of the utilities provider’s stock after purchasing an additional 78,874 shares during the quarter. Southwest Gas makes up about 2.1% of Maverick Capital Ltd.’s portfolio, making the stock its 19th largest holding. Maverick Capital Ltd.’s holdings in Southwest Gas were worth $184,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. lifted its stake in Southwest Gas by 1.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 10,837 shares of the utilities provider’s stock valued at $867,000 after purchasing an additional 132 shares during the last quarter. Illinois Municipal Retirement Fund increased its holdings in shares of Southwest Gas by 1.3% during the fourth quarter. Illinois Municipal Retirement Fund now owns 10,431 shares of the utilities provider’s stock worth $835,000 after buying an additional 135 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Southwest Gas by 1.1% during the fourth quarter. LPL Financial LLC now owns 14,500 shares of the utilities provider’s stock worth $1,160,000 after buying an additional 159 shares in the last quarter. Arizona State Retirement System lifted its stake 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 valued at $1,375,000 after acquiring an additional 161 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted 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 acquiring an additional 165 shares during the last quarter. 92.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SWX has been the topic of a number of research reports. UBS Group set a $100.00 price objective on Southwest Gas in a research report 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. Mizuho upped their price objective on Southwest Gas from $96.00 to $98.00 and gave the company an “outperform” rating in a research note on Tuesday, June 9th. Wells Fargo & Company initiated coverage on shares of Southwest Gas in a report on Monday, May 11th. They issued an “overweight” rating and a $105.00 price objective for the company. Finally, Weiss Ratings upgraded shares of Southwest Gas from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Southwest Gas currently has an average rating of “Buy” and a consensus price target of $97.29.

Southwest Gas Stock Down 1.1%

Shares of NYSE:SWX opened at $92.07 on Tuesday. The firm has a market cap of $6.66 billion, a P/E ratio of 13.34, a P/E/G ratio of 2.20 and a beta of 0.58. The company has a quick ratio of 1.32, a current ratio of 1.45 and a debt-to-equity ratio of 0.84. Southwest Gas Corporation has a 12-month low of $75.75 and a 12-month high of $94.46. The business has a fifty day simple moving average of $89.49 and a 200 day simple moving average of $88.02.

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

Southwest Gas Announces Dividend

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

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.