BTG Pactual Asset Management US LLC Makes New Investment in Southwest Gas Corporation $SWX

BTG Pactual Asset Management US LLC purchased a new position in Southwest Gas Corporation (NYSE:SWX) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 44,840 shares of the utilities provider’s stock, valued at approximately $3,976,000. BTG Pactual Asset Management US LLC owned 0.06% of Southwest Gas at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Bell Investment Advisors Inc bought a new stake in Southwest Gas during the second quarter worth approximately $28,000. EverSource Wealth Advisors LLC boosted its stake in 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 purchasing an additional 304 shares in the last quarter. Kingdom Financial Group LLC. bought a new position in Southwest Gas during the 4th quarter valued at $56,000. Harbour Investments Inc. increased its position 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 purchasing an additional 626 shares during the period. Finally, Daiwa Securities Group Inc. increased its position 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 purchasing an additional 165 shares during the period. 92.77% of the stock is currently owned by institutional investors.

Southwest Gas Stock Performance

SWX opened at $88.94 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.12 and a debt-to-equity ratio of 0.83. The firm has a market cap of $6.44 billion, a PE ratio of 11.61, a P/E/G ratio of 2.12 and a beta of 0.57. The business has a fifty day simple moving average of $90.83 and a 200-day simple moving average of $89.33. Southwest Gas Corporation has a fifty-two week low of $76.59 and a fifty-two week high of $94.46.

Southwest Gas (NYSE:SWX) last announced its earnings results on Wednesday, August 5th. The utilities provider reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. The business had revenue of $358.15 million during the quarter, compared to the consensus estimate of $416.20 million. Southwest Gas had a return on equity of 6.79% and a net margin of 31.85%.Southwest Gas’s revenue was down 9.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.18) earnings per share. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. As a group, equities analysts predict that Southwest Gas Corporation will post 4.25 EPS for the current fiscal year.

Southwest Gas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be issued a $0.645 dividend. This represents a $2.58 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Monday, August 17th. Southwest Gas’s dividend payout ratio (DPR) is presently 33.68%.

Analyst Ratings Changes

Several analysts have recently weighed in on SWX shares. Citigroup upped their price objective on Southwest Gas from $99.00 to $106.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Wall Street Zen cut shares of Southwest Gas from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. raised shares of Southwest Gas from a “neutral” rating to an “overweight” rating and set a $100.00 price target for the company in a report on Thursday, May 7th. Weiss Ratings lowered shares of Southwest Gas from a “buy (a-)” rating to a “buy (b)” rating in a research report on Monday, August 17th. Finally, Mizuho set a $103.00 price objective on shares of Southwest Gas in a research note on Wednesday, August 5th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Southwest Gas currently has a consensus rating of “Moderate Buy” and an average price target of $100.67.

Southwest Gas Company 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.