Southwest Gas Holdings, Inc. (SWX)
Utilities · NYQ
Price as at 10 Aug 2026, 16:10 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Southwest Gas Holdings, Inc. trades at USD90.77, which is 40% below the USD127.05 our fair value estimate puts on the business. On that measure alone it screens as undervalued, though a valuation model is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 57 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 27.8 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
SWX dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | USD1.91 | 3 |
| 2025 | USD2.48 | 4 |
| 2024 | USD2.48 | 4 |
| 2023 | USD2.48 | 4 |
| 2022 | USD2.46 | 4 |
| 2021 | USD2.35 | 4 |
| 2020 | USD2.25 | 4 |
| 2019 | USD2.15 | 4 |
| 2018 | USD2.06 | 4 |
| 2017 | USD1.94 | 4 |
| 2016 | USD1.75 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
SWX earnings and analyst estimates
Recommendation mix, 9 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Southwest Gas Holdings, Inc.
Southwest Gas Holdings, Inc., through its subsidiary, Southwest Gas Corporation, purchases, distributes, and transports natural gas for residential, commercial, and industrial customers in Arizona, Nevada, and California in the United States. The company offers tariff sales and transportation services. It also operates a pipeline transmission system, including an LNG storage facility. As of December 31, 2025, the company served approximately 2,281,000 customers with 1,224,000 in Arizona, 849,000 in Nevada, and 208,000 in California. Southwest Gas Holdings, Inc. was founded in 1931 and is headquartered in Las Vegas, Nevada.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
SWX passes 4 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
11 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Keith Meister, Corvex Management LP$284.53M · 8.7% of book
- Lee Ainslie, MAVERICK CAPITAL LTD$167.57M · 1.5% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$142.21M · 0.1% of book
- Mario Gabelli, GAMCO INVESTORS, INC. ET AL$67.77M · 0.6% of book
- Renaissance Technologies, RENAISSANCE TECHNOLOGIES LLC$38.92M · 0.1% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Common questions
Is Southwest Gas Holdings, Inc. (SWX) undervalued?
Against our fair value estimate of USD127.05, SWX at USD90.77 is 40% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own SWX?
11 of the institutions we track reported a position in SWX in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is SWX's P/E ratio?
SWX trades at 27.8 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Southwest Gas Holdings, Inc. (SWX) pay a dividend?
Yes. Southwest Gas Holdings, Inc. yields 2.83% at the current share price. It has paid USD2.53 per share over the trailing twelve months. It has paid a dividend in each of the last 39 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its SWX data?
Fundamentals for SWX come from company filings and exchange data, as listed on NYQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 10 Aug 2026, 16:10 UTC and is delayed. Our data quality score for this company is 100/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for SWX, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.