Southwest Gas Corporation Declares Quarterly Dividend of $0.65 (NYSE:SWX)

Southwest Gas Corporation (NYSE:SWX) declared a quarterly dividend on Wednesday, July 15th. Investors of record on Monday, August 17th will be given a dividend of 0.645 per share by the utilities provider on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, August 17th.

Southwest Gas has raised its dividend by an average of 0.0%per year over the last three years. Southwest Gas has a dividend payout ratio of 62.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Southwest Gas to earn $4.85 per share next year, which means the company should continue to be able to cover its $2.58 annual dividend with an expected future payout ratio of 53.2%.

Southwest Gas Stock Performance

Shares of SWX stock opened at $91.18 on Thursday. The stock has a fifty day moving average price of $88.98 and a 200 day moving average price of $87.34. The stock has a market cap of $6.60 billion, a PE ratio of 13.21, a P/E/G ratio of 2.20 and a beta of 0.58. Southwest Gas has a 1 year low of $75.75 and a 1 year high of $94.43. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.32 and a current ratio of 1.45.

Southwest Gas (NYSE:SWX) last posted its earnings results on Tuesday, May 5th. The utilities provider reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.03. The company had revenue of $585.12 million for the quarter, compared to the consensus estimate of $695.52 million. Southwest Gas had a return on equity of 6.95% and a net margin of 19.95%.Southwest Gas’s quarterly revenue was down 21.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.58 earnings per share. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS. Sell-side analysts forecast that Southwest Gas will post 4.25 earnings per share for the current fiscal year.

Institutional Trading of Southwest Gas

Hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted 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 during the period. Kingdom Financial Group LLC. purchased a new stake in shares of Southwest Gas in the fourth quarter valued at $56,000. Harbour Investments Inc. increased its stake in Southwest Gas by 301.0% in the fourth 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 last quarter. Advisory Services Network LLC acquired a new position in Southwest Gas in the third quarter valued at $72,000. Finally, Daiwa Securities Group Inc. lifted its position in Southwest Gas by 21.3% during the second quarter. Daiwa Securities Group Inc. now owns 939 shares of the utilities provider’s stock worth $70,000 after buying an additional 165 shares during the period. 92.77% of the stock is owned by hedge funds and other institutional investors.

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.