The Southern Company (NYSE:SO) Shares Acquired by Signaturefd LLC

Signaturefd LLC lifted its holdings in shares of The Southern Company (NYSE:SOFree Report) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,548 shares of the utilities provider’s stock after buying an additional 375 shares during the quarter. Signaturefd LLC’s holdings in Southern were worth $3,194,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SO. Rockline Wealth Management LLC acquired a new position in Southern in the 4th quarter valued at $1,945,000. Zullo Investment Group Inc. raised its stake in Southern by 4.8% in the 4th quarter. Zullo Investment Group Inc. now owns 3,437 shares of the utilities provider’s stock valued at $241,000 after purchasing an additional 157 shares during the last quarter. Global Retirement Partners LLC raised its stake in Southern by 5.8% in the 4th quarter. Global Retirement Partners LLC now owns 14,856 shares of the utilities provider’s stock valued at $1,045,000 after purchasing an additional 819 shares during the last quarter. Apella Capital LLC acquired a new position in Southern in the 4th quarter valued at $301,000. Finally, Alpine Woods Capital Investors LLC acquired a new position in Southern in the 4th quarter valued at $3,795,000. 64.10% of the stock is owned by institutional investors and hedge funds.

Southern Trading Up 2.2 %

SO traded up $1.58 during mid-day trading on Friday, hitting $72.15. 6,549,289 shares of the stock were exchanged, compared to its average volume of 4,270,214. The firm’s fifty day moving average is $69.02 and its two-hundred day moving average is $69.09. The Southern Company has a 1-year low of $61.56 and a 1-year high of $75.80. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 1.62. The company has a market cap of $78.98 billion, a PE ratio of 19.88, a PEG ratio of 4.51 and a beta of 0.49.

Southern (NYSE:SOGet Free Report) last posted 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 return on equity of 11.40% and a net margin of 15.79%. The firm had revenue of $6.05 billion for the quarter, compared to analyst estimates of $6.90 billion. During the same quarter in the prior year, the company earned $0.26 EPS. Southern’s revenue was down 14.2% on a year-over-year basis. Equities analysts forecast that The Southern Company will post 4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SO shares. Mizuho upped their target price on Southern from $73.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. BMO Capital Markets restated an “outperform” rating and issued a $76.00 target price (up from $72.00) on shares of Southern in a report on Monday, April 1st. Royal Bank of Canada restated an “outperform” rating and issued a $80.00 target price on shares of Southern in a report on Wednesday, February 21st. Barclays upped their target price on Southern from $65.00 to $66.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Finally, Wells Fargo & Company dropped 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $74.07.

Check Out Our Latest Stock Analysis on Southern

Insider Buying and Selling

In related news, CEO Stephen E. Kuczynski sold 5,000 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $68.92, for a total transaction of $344,600.00. Following the transaction, the chief executive officer now owns 126,528 shares of the company’s stock, valued at approximately $8,720,309.76. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Southern news, CEO Stephen E. Kuczynski sold 5,000 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $68.92, for a total value of $344,600.00. Following the sale, the chief executive officer now owns 126,528 shares of the company’s stock, valued at approximately $8,720,309.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher Cummiskey sold 899 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $67.06, for a total value of $60,286.94. Following the completion of the sale, the executive vice president now directly owns 22,502 shares in the company, valued at approximately $1,508,984.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,899 shares of company stock valued at $739,587. Corporate insiders own 0.28% of the company’s stock.

Southern Company 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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