Householder Group Estate & Retirement Specialist LLC Grows Stock Holdings in The Southern Company (NYSE:SO)

Householder Group Estate & Retirement Specialist LLC boosted its holdings in The Southern Company (NYSE:SOFree Report) by 50.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,648 shares of the utilities provider’s stock after buying an additional 551 shares during the period. Householder Group Estate & Retirement Specialist LLC’s holdings in Southern were worth $115,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in SO. Insigneo Advisory Services LLC lifted its holdings in shares of Southern by 3.1% during the 3rd quarter. Insigneo Advisory Services LLC now owns 4,883 shares of the utilities provider’s stock worth $316,000 after acquiring an additional 146 shares during the last quarter. Good Life Advisors LLC lifted its holdings in shares of Southern by 0.8% during the 4th quarter. Good Life Advisors LLC now owns 19,956 shares of the utilities provider’s stock worth $1,399,000 after acquiring an additional 149 shares during the last quarter. STAR Financial Bank lifted its holdings in shares of Southern by 2.4% during the 2nd quarter. STAR Financial Bank now owns 6,322 shares of the utilities provider’s stock worth $444,000 after acquiring an additional 150 shares during the last quarter. Insight Inv LLC lifted its holdings in shares of Southern by 1.4% during the 4th quarter. Insight Inv LLC now owns 10,530 shares of the utilities provider’s stock worth $738,000 after acquiring an additional 150 shares during the last quarter. Finally, Patten & Patten Inc. TN lifted its holdings in shares of Southern by 0.7% during the 4th quarter. Patten & Patten Inc. TN now owns 20,736 shares of the utilities provider’s stock worth $1,454,000 after acquiring an additional 150 shares during the last quarter. 64.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SO has been the subject of several analyst reports. Citigroup initiated coverage on shares of Southern in a research report on Friday, December 8th. They set a “buy” rating and a $82.00 price target for the company. 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 dropped their target price on shares of Southern from $75.00 to $72.00 and set an “equal weight” rating for the company in a report on Friday, February 16th. Mizuho increased their target price on shares of Southern from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Barclays dropped their target price on shares of Southern from $68.00 to $67.00 and set an “equal weight” rating for the company in a report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Southern has a consensus rating of “Hold” and a consensus price target of $74.00.

View Our Latest Report on SO

Insider Transactions at Southern

In other news, CEO Stephen E. Kuczynski sold 5,000 shares of Southern stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $71.99, for a total transaction of $359,950.00. Following the transaction, the chief executive officer now owns 101,284 shares in the company, valued at approximately $7,291,435.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Stephen E. Kuczynski sold 5,000 shares of Southern stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $71.99, for a total transaction of $359,950.00. Following the transaction, the chief executive officer now owns 101,284 shares in the company, valued at approximately $7,291,435.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christopher Cummiskey sold 899 shares of Southern stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $67.06, for a total transaction of $60,286.94. Following the transaction, the executive vice president now owns 22,502 shares in the company, valued at approximately $1,508,984.12. The disclosure for this sale can be found here. Insiders have sold 25,998 shares of company stock worth $1,806,063 in the last 90 days. 0.28% of the stock is currently owned by insiders.

Southern Price Performance

Shares of SO opened at $70.98 on Thursday. The Southern Company has a twelve month low of $61.56 and a twelve month high of $75.80. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 1.62. The firm has a 50 day moving average of $68.69 and a 200 day moving average of $68.91. The company has a market capitalization of $77.70 billion, a P/E ratio of 19.55, a price-to-earnings-growth ratio of 4.45 and a beta of 0.49.

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

Southern Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Tuesday, February 20th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend was Friday, February 16th. Southern’s dividend payout ratio is currently 77.14%.

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.

See Also

Want to see what other hedge funds are holding SO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Southern Company (NYSE:SOFree Report).

Institutional Ownership by Quarter for Southern (NYSE:SO)

Receive News & Ratings for Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern and related companies with MarketBeat.com's FREE daily email newsletter.