Scotiabank Forecasts Southwest Gas FY2026 Earnings

Southwest Gas Corporation (NYSE:SWX) – Research analysts at Scotiabank issued their FY2026 earnings per share estimates for Southwest Gas in a research report issued on Thursday, October 1st. Scotiabank analyst I. Rapp anticipates that the utilities provider will earn $4.29 per share for the year. Scotiabank currently has a “Sector Outperform” rating and a $95.00 target price on the stock. The consensus estimate for Southwest Gas’ current full-year earnings is $4.26 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 (EPS) for the quarter, meeting the consensus estimate of $0.45. The business had revenue of $358.15 million for the quarter, compared to analysts’ expectations of $416.20 million. Southwest Gas had a return on equity of 6.79% and a net margin of 31.85%.The company’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.18) earnings per share. Southwest Gas has set its FY 2026 guidance at 4.170-4.320 EPS.

SWX has been the topic of a number of other research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $106.00 price target on shares of Southwest Gas in a research report on Monday. Mizuho set a $103.00 price objective on Southwest Gas in a research report on Wednesday, August 5th. Wall Street Zen lowered shares of Southwest Gas from a “hold” rating to a “sell” rating in a research note on Sunday. Weiss Ratings cut shares of Southwest Gas from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, September 14th. Finally, Wells Fargo & Company lifted their price target on shares of Southwest Gas from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $102.43.

Southwest Gas Trading Up 0.2%

SWX opened at $82.83 on Monday. Southwest Gas has a 12 month low of $76.74 and a 12 month high of $94.46. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 10.81, a PEG ratio of 1.74 and a beta of 0.57. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.12 and a quick ratio of 0.99. The business has a fifty day moving average price of $88.02 and a 200 day moving average price of $88.93.

Institutional Investors Weigh In On Southwest Gas

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Southwest Gas during the second quarter worth about $991,549,000. Bank of New York Mellon Corp acquired a new stake in shares of Southwest Gas in the 2nd quarter valued at about $74,324,000. Norges Bank acquired a new stake in shares of Southwest Gas in the 4th quarter valued at about $66,930,000. Bank of America Corp DE purchased a new position in Southwest Gas during the 2nd quarter worth approximately $39,572,000. Finally, BROOKFIELD Corp ON grew its stake in Southwest Gas by 106.9% during the 1st quarter. BROOKFIELD Corp ON now owns 699,626 shares of the utilities provider’s stock worth $60,797,000 after buying an additional 361,556 shares during the last quarter. Institutional investors and hedge funds own 92.77% of the company’s stock.

Insider Transactions at Southwest Gas

In other news, SVP Julie Williams sold 2,500 shares of the company’s stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $81.81, for a total transaction of $204,525.00. Following the completion of the transaction, the senior vice president directly owned 26,450 shares of the company’s stock, valued at approximately $2,163,874.50. This represents a 8.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.63% of the stock is owned by company insiders.

Southwest Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were issued a dividend of $0.6450 per share. This represents a $2.58 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Monday, August 17th. Southwest Gas’s 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.