Windward Capital Management Co. CA lifted its holdings in Southern Co (NYSE:SO) by 101.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,340 shares of the utilities provider’s stock after buying an additional 16,771 shares during the quarter. Windward Capital Management Co. CA’s holdings in Southern were worth $1,603,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. Waverton Investment Management Ltd acquired a new stake in shares of Southern in the 4th quarter worth $693,000. Franklin Street Advisors Inc. NC boosted its position in shares of Southern by 7.7% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 153,396 shares of the utilities provider’s stock worth $7,377,000 after purchasing an additional 11,013 shares in the last quarter. White Lighthouse Investment Management Inc. acquired a new stake in shares of Southern in the 4th quarter worth $403,000. Confluence Investment Management LLC boosted its position in shares of Southern by 2.8% in the 4th quarter. Confluence Investment Management LLC now owns 2,050,249 shares of the utilities provider’s stock worth $98,596,000 after purchasing an additional 55,264 shares in the last quarter. Finally, QUANTRES ASSET MANAGEMENT Ltd boosted its position in shares of Southern by 208.5% in the 4th quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 21,900 shares of the utilities provider’s stock worth $1,053,000 after purchasing an additional 14,800 shares in the last quarter. 53.67% of the stock is currently owned by institutional investors.
Southern Co (NYSE SO) traded down $0.21 during trading hours on Friday, hitting $44.17. The stock had a trading volume of 7,199,572 shares, compared to its average volume of 7,470,000. Southern Co has a 52-week low of $43.16 and a 52-week high of $53.51. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.73 and a quick ratio of 0.57. The firm has a market cap of $44,330.00, a PE ratio of 78.88, a PEG ratio of 3.35 and a beta of 0.03.
Southern (NYSE:SO) last posted its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.04. Southern had a return on equity of 10.81% and a net margin of 2.59%. The company had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $6.16 billion. During the same period in the previous year, the firm posted $1.27 EPS. Southern’s revenue was down 1.0% compared to the same quarter last year. equities research analysts expect that Southern Co will post 2.96 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 20th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 5.25%. The ex-dividend date of this dividend is Friday, February 16th. Southern’s payout ratio is 414.29%.
A number of analysts have recently weighed in on SO shares. Zacks Investment Research raised Southern from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Tuesday, October 10th. SunTrust Banks restated a “hold” rating and issued a $52.00 target price on shares of Southern in a research note on Friday, October 20th. Bank of America restated an “underperform” rating and issued a $51.00 target price on shares of Southern in a research note on Tuesday, October 24th. Mizuho restated a “buy” rating and issued a $55.00 target price on shares of Southern in a research note on Friday, December 8th. Finally, Royal Bank of Canada restated a “buy” rating on shares of Southern in a research note on Friday, December 22nd. Six analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. Southern has a consensus rating of “Hold” and a consensus price target of $50.43.
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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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