Scotiabank Forecasts Southwest Gas FY2026 Earnings

Southwest Gas Corporation (NYSE:SWX) – Equities researchers at Scotiabank issued their FY2026 earnings per share estimates for shares of Southwest Gas in a note issued to investors on Thursday, October 1st. Scotiabank analyst I. Rapp expects that the utilities provider will post earnings per share of $4.29 for the year. Scotiabank has a “Sector Outperform” rating and a $95.00 price target on the stock. The consensus estimate for Southwest Gas’ current full-year earnings is $4.27 per share. Scotiabank also issued estimates for Southwest Gas’ FY2027 earnings at $4.96 EPS.

Southwest Gas (NYSE:SWX) last announced its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. The firm 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%.The business’s revenue was down 9.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.18) earnings per share. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS.

Other equities research analysts have also issued reports about the stock. Mizuho set a $103.00 price target on shares of Southwest Gas in a report on Wednesday, August 5th. Jefferies Financial Group restated a “buy” rating and issued a $106.00 price objective on shares of Southwest Gas in a research report on Monday. Wall Street Zen cut shares of Southwest Gas from a “hold” rating to a “sell” rating in a research report on Sunday. Weiss Ratings downgraded shares of Southwest Gas from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, September 14th. Finally, Wells Fargo & Company increased their target price on shares of Southwest Gas from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $102.43.

Southwest Gas Stock Up 0.6%

Shares of Southwest Gas stock opened at $83.29 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.99 and a current ratio of 1.12. Southwest Gas has a 52-week low of $76.74 and a 52-week high of $94.46. The company’s 50 day moving average price is $87.83 and its 200-day moving average price is $88.91. The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of 10.87, a P/E/G ratio of 1.74 and a beta of 0.57.

Hedge Funds Weigh In On Southwest Gas

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Southwest Gas in the 2nd quarter worth about $991,549,000. Bank of New York Mellon Corp bought a new stake in Southwest Gas during the second quarter worth about $74,324,000. Norges Bank purchased a new stake in Southwest Gas in the fourth quarter worth about $66,930,000. Bank of America Corp DE purchased a new stake in Southwest Gas in the second quarter worth about $39,572,000. Finally, BROOKFIELD Corp ON increased its stake in shares of Southwest Gas by 106.9% during the first quarter. BROOKFIELD Corp ON now owns 699,626 shares of the utilities provider’s stock valued at $60,797,000 after purchasing an additional 361,556 shares in the last quarter. 92.77% of the stock is owned by institutional investors.

Insider Activity at Southwest Gas

In other news, SVP Julie Williams sold 2,500 shares of the firm’s stock in a transaction dated Monday, September 28th. The shares were sold at an average price of $81.81, for a total value of $204,525.00. Following the completion of the sale, the senior vice president directly owned 26,450 shares of the company’s stock, valued at approximately $2,163,874.50. This trade represents a 8.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.63% of the company’s stock.

Southwest Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were issued a $0.6450 dividend. The ex-dividend date was Monday, August 17th. This represents a $2.58 annualized dividend and a yield of 3.1%. Southwest Gas’s dividend payout ratio is 33.68%.

Southwest Gas Company Profile

Southwest Gas Holdings, Inc (NYSE: SWX) is an energy company whose principal business is the regulated distribution of natural gas through its Southwest Gas Corporation subsidiary. The utility delivers natural gas to residential, commercial, industrial and other customers, providing an essential energy service for heating, cooking and business operations.

Southwest Gas serves customers across portions of Arizona, Nevada and California through an extensive network of pipelines and related infrastructure.