The Southern Company (NYSE:SO) Holdings Lifted by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. boosted its position in shares of The Southern Company (NYSE:SOFree Report) by 22.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,926 shares of the utilities provider’s stock after buying an additional 1,431 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in Southern were worth $715,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of SO. Capital International Investors boosted its position in shares of Southern by 45.9% in the 1st quarter. Capital International Investors now owns 23,994,733 shares of the utilities provider’s stock valued at $1,721,382,000 after purchasing an additional 7,550,570 shares during the period. Confluence Investment Management LLC acquired a new position in shares of Southern in the 1st quarter valued at $128,413,000. Wellington Management Group LLP boosted its position in shares of Southern by 36.0% in the 4th quarter. Wellington Management Group LLP now owns 3,529,052 shares of the utilities provider’s stock valued at $247,457,000 after purchasing an additional 934,447 shares during the period. 1832 Asset Management L.P. lifted its stake in Southern by 2,719.7% in the 2nd quarter. 1832 Asset Management L.P. now owns 872,373 shares of the utilities provider’s stock worth $67,670,000 after acquiring an additional 841,435 shares in the last quarter. Finally, Wulff Hansen & CO. lifted its stake in Southern by 7,657.0% in the 2nd quarter. Wulff Hansen & CO. now owns 571,148 shares of the utilities provider’s stock worth $44,304,000 after acquiring an additional 563,785 shares in the last quarter. Institutional investors own 64.10% of the company’s stock.

Southern Stock Performance

SO traded up $0.70 during midday trading on Friday, reaching $88.96. The company’s stock had a trading volume of 3,081,166 shares, compared to its average volume of 4,614,784. The stock has a market cap of $97.27 billion, a P/E ratio of 21.18, a PEG ratio of 3.16 and a beta of 0.52. The company has a fifty day simple moving average of $88.31 and a 200 day simple moving average of $81.00. The company has a current ratio of 0.91, a quick ratio of 0.66 and a debt-to-equity ratio of 1.66. The Southern Company has a twelve month low of $64.53 and a twelve month high of $91.86.

Southern (NYSE:SOGet Free Report) last released its earnings results on Thursday, August 1st. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.19. Southern had a return on equity of 12.88% and a net margin of 17.67%. The firm had revenue of $6.46 billion for the quarter, compared to analyst estimates of $6.10 billion. During the same quarter last year, the firm posted $0.79 EPS. The company’s revenue was up 12.4% on a year-over-year basis. Research analysts expect that The Southern Company will post 4.02 earnings per share for the current year.

Southern Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Monday, August 19th were issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend was Monday, August 19th. Southern’s payout ratio is presently 68.57%.

Insider Transactions at Southern

In other news, EVP Sterling A. Jr. Spainhour sold 2,380 shares of Southern stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $88.99, for a total transaction of $211,796.20. Following the sale, the executive vice president now owns 12,500 shares of the company’s stock, valued at approximately $1,112,375. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Sterling A. Jr. Spainhour sold 2,380 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $88.99, for a total transaction of $211,796.20. Following the completion of the transaction, the executive vice president now owns 12,500 shares in the company, valued at $1,112,375. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bryan D. Anderson sold 6,565 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $89.54, for a total value of $587,830.10. Following the transaction, the executive vice president now owns 44,467 shares of the company’s stock, valued at $3,981,575.18. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,945 shares of company stock valued at $3,488,826. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wolfe Research downgraded Southern from an “outperform” rating to a “peer perform” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. increased their price objective on Southern from $80.00 to $87.00 and gave the stock an “underweight” rating in a research note on Monday, August 12th. Barclays increased their price objective on Southern from $66.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 9th. Guggenheim raised their price target on Southern from $93.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Finally, Morgan Stanley raised their price target on Southern from $78.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $88.27.

Read Our Latest Research Report on Southern

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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