FDx Advisors Inc. Has $322,000 Stock Holdings in The Southern Company (NYSE:SO)

FDx Advisors Inc. decreased its position in shares of The Southern Company (NYSE:SO) by 20.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,566 shares of the utilities provider’s stock after selling 907 shares during the quarter. FDx Advisors Inc.’s holdings in Southern were worth $322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of the business. Intech Investment Management LLC grew its position in Southern by 382.0% during the first quarter. Intech Investment Management LLC now owns 41,790 shares of the utilities provider’s stock worth $2,998,000 after buying an additional 33,120 shares in the last quarter. Nwam LLC increased its position in shares of Southern by 8.8% in the first quarter. Nwam LLC now owns 11,605 shares of the utilities provider’s stock worth $890,000 after purchasing an additional 937 shares during the period. Burke & Herbert Bank & Trust Co. raised its stake in Southern by 149.5% in the second quarter. Burke & Herbert Bank & Trust Co. now owns 16,230 shares of the utilities provider’s stock valued at $1,259,000 after purchasing an additional 9,726 shares in the last quarter. HBW Advisory Services LLC lifted its position in Southern by 219.4% during the third quarter. HBW Advisory Services LLC now owns 8,971 shares of the utilities provider’s stock worth $809,000 after purchasing an additional 6,162 shares during the period. Finally, Triad Wealth Partners LLC acquired a new stake in Southern during the second quarter worth about $455,000. Institutional investors own 64.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on SO. BMO Capital Markets dropped their target price on shares of Southern from $99.00 to $97.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. UBS Group upped their target price on Southern from $90.00 to $91.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Wells Fargo & Company lifted their price target on Southern from $77.00 to $89.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Scotiabank upped their price objective on Southern from $87.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, Guggenheim lifted their target price on Southern from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $89.27.

Insider Activity at Southern

In related news, CEO James Y. Kerr II sold 30,000 shares of the company’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $89.64, for a total transaction of $2,689,200.00. Following the sale, the chief executive officer now owns 145,088 shares in the company, valued at $13,005,688.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO James Y. Kerr II sold 30,000 shares of the stock in a transaction on Friday, October 4th. The shares were sold at an average price of $89.64, for a total transaction of $2,689,200.00. Following the transaction, the chief executive officer now directly owns 145,088 shares of the company’s stock, valued at $13,005,688.32. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bryan D. Anderson sold 6,565 shares of Southern stock in a transaction on Friday, September 6th. The shares were sold at an average price of $89.54, for a total transaction of $587,830.10. Following the completion of the sale, the executive vice president now directly owns 44,467 shares of the company’s stock, valued at approximately $3,981,575.18. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

Southern Price Performance

Shares of NYSE:SO opened at $88.34 on Tuesday. The firm has a market cap of $96.79 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 3.15 and a beta of 0.52. The Southern Company has a 52 week low of $65.80 and a 52 week high of $94.45. The firm’s fifty day moving average is $89.93 and its 200-day moving average is $83.89. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.66 and a current ratio of 0.91.

Southern (NYSE:SO) last issued its quarterly earnings results on Thursday, October 31st. The utilities provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.10. The company had revenue of $7.27 billion during the quarter, compared to analysts’ expectations of $7.14 billion. Southern had a return on equity of 12.78% and a net margin of 17.87%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.42 earnings per share. Sell-side analysts predict that The Southern Company will post 4.04 earnings per share for the current year.

Southern Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 18th will be paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Monday, November 18th. Southern’s dividend payout ratio is presently 66.98%.

Southern Company Profile

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.