UMB Bank n.a. Lowers Position in The Southern Company (NYSE:SO)

UMB Bank n.a. trimmed its holdings in shares of The Southern Company (NYSE:SOFree Report) by 16.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,597 shares of the utilities provider’s stock after selling 16,832 shares during the quarter. UMB Bank n.a.’s holdings in Southern were worth $6,002,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. VisionPoint Advisory Group LLC purchased a new position in shares of Southern in the second quarter worth about $27,000. Intrepid Capital Management Inc. purchased a new position in Southern in the 2nd quarter worth approximately $30,000. Sanctuary Wealth Management L.L.C. bought a new position in shares of Southern in the fourth quarter worth approximately $34,000. BKM Wealth Management LLC bought a new stake in Southern during the 4th quarter valued at $34,000. Finally, VitalStone Financial LLC purchased a new stake in Southern during the 2nd quarter valued at $35,000. 64.10% of the stock is currently owned by institutional investors.

Insider Activity

In other Southern news, CEO Stephen E. Kuczynski sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $71.99, for a total value of $359,950.00. Following the completion of the transaction, the chief executive officer now directly owns 101,284 shares in the company, valued at approximately $7,291,435.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider David P. Poroch sold 10,099 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $69.96, for a total value of $706,526.04. Following the sale, the insider now directly owns 28,691 shares in the company, valued at $2,007,222.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Stephen E. Kuczynski sold 5,000 shares of Southern stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $71.99, for a total value of $359,950.00. Following the completion of the sale, the chief executive officer now directly owns 101,284 shares in the company, valued at approximately $7,291,435.16. The disclosure for this sale can be found here. Insiders have sold 25,998 shares of company stock worth $1,806,063 over the last ninety days. Corporate insiders own 0.37% of the company’s stock.

Southern Price Performance

Shares of NYSE:SO opened at $71.35 on Wednesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.77 and a quick ratio of 0.56. The company has a market capitalization of $77.84 billion, a PE ratio of 19.66, a PEG ratio of 4.44 and a beta of 0.49. The Southern Company has a 1-year low of $61.56 and a 1-year high of $75.80. The business has a fifty day moving average price of $68.59 and a 200-day moving average price of $68.89.

Southern (NYSE:SOGet Free Report) last announced its quarterly earnings data on Thursday, February 15th. The utilities provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.05. The company had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $6.90 billion. Southern had a return on equity of 11.40% and a net margin of 15.79%. The firm’s revenue was down 14.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 EPS. As a group, equities analysts expect that The Southern Company will post 4 EPS for the current fiscal year.

Southern Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Tuesday, February 20th were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.80 dividend on an annualized basis and a yield of 3.92%. Southern’s payout ratio is presently 77.14%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SO. BMO Capital Markets reiterated an “outperform” rating and set a $76.00 target price (up from $72.00) on shares of Southern in a report on Monday. Wells Fargo & Company decreased their target price on Southern from $75.00 to $72.00 and set an “equal weight” rating for the company in a report on Friday, February 16th. Mizuho raised their target price on shares of Southern from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday. Barclays decreased their price target on shares of Southern from $68.00 to $67.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 17th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $80.00 target price on shares of Southern in a report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $74.00.

Check Out Our Latest Report on SO

Southern Profile

(Free Report)

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, gas distribution operations, and gas pipeline investments operations.

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Institutional Ownership by Quarter for Southern (NYSE:SO)

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