Nepsis Capital Management Inc. decreased its holdings in Southern Co (NYSE:SO) by 16.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,788 shares of the utilities provider’s stock after selling 7,328 shares during the quarter. Nepsis Capital Management Inc.’s holdings in Southern were worth $1,769,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Chicago Partners Investment Group LLC acquired a new stake in Southern in the 2nd quarter worth about $100,000. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in Southern in the 3rd quarter worth about $105,000. Monroe Bank & Trust MI raised its stake in Southern by 17.9% in the 2nd quarter. Monroe Bank & Trust MI now owns 2,300 shares of the utilities provider’s stock worth $110,000 after purchasing an additional 350 shares in the last quarter. AlphaMark Advisors LLC raised its stake in Southern by 0.6% in the 2nd quarter. AlphaMark Advisors LLC now owns 2,363 shares of the utilities provider’s stock worth $113,000 after purchasing an additional 14 shares in the last quarter. Finally, Fieldpoint Private Securities LLC acquired a new stake in Southern in the 3rd quarter worth about $118,000. Institutional investors and hedge funds own 53.68% of the company’s stock.
Southern Co (NYSE:SO) traded down $0.18 during mid-day trading on Wednesday, reaching $44.66. 9,767,000 shares of the company were exchanged, compared to its average volume of 7,098,630. The firm has a market cap of $45,210.00, a PE ratio of 79.75, a price-to-earnings-growth ratio of 3.31 and a beta of 0.14. Southern Co has a twelve month low of $44.31 and a twelve month high of $53.51. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.57 and a current ratio of 0.73.
Southern (NYSE:SO) last posted its earnings results on Wednesday, November 1st. The utilities provider reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.04. Southern had a net margin of 2.59% and a return on equity of 10.81%. The firm had revenue of $6.20 billion for the quarter, compared to analyst estimates of $6.16 billion. During the same period in the previous year, the firm posted $1.27 EPS. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. analysts predict that Southern Co will post 2.96 EPS for the current fiscal year.
In other news, VP James Y. Kerr II sold 25,000 shares of the company’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $52.16, for a total value of $1,304,000.00. Following the sale, the vice president now directly owns 26,000 shares of the company’s stock, valued at approximately $1,356,160. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Christopher C. Womack sold 46,641 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $53.00, for a total transaction of $2,471,973.00. Following the completion of the sale, the executive vice president now directly owns 56,799 shares in the company, valued at $3,010,347. The disclosure for this sale can be found here. Insiders have sold a total of 128,662 shares of company stock worth $6,772,438 over the last three months. Insiders own 0.74% of the company’s stock.
Several analysts have weighed in on the stock. Royal Bank of Canada reiterated a “buy” rating on shares of Southern in a research note on Friday, December 22nd. SunTrust Banks set a $47.00 price objective on shares of Southern and gave the stock a “hold” rating in a research note on Wednesday. Mizuho reiterated a “buy” rating and issued a $55.00 price objective on shares of Southern in a research note on Friday, December 8th. Citigroup restated a “sell” rating and issued a $44.00 target price (up from $43.00) on shares of Southern in a research report on Tuesday, October 3rd. Finally, Bank of America restated an “underperform” rating and issued a $51.00 target price on shares of Southern in a research report on Tuesday, October 24th. Six investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. Southern currently has a consensus rating of “Hold” and an average target price of $51.07.
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The Southern Company (Southern Company) is a holding company. The Company owns all of the stock of the traditional electric operating companies and the parent entities of Southern Power Company (Southern Power) and Southern Company Gas, and owns other direct and indirect subsidiaries. The Company’s segments include Gas distribution operations, Gas marketing services, Wholesale gas services, Gas midstream operations and All other.
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