Sciencast Management LP purchased a new position in Southern (NYSE:SO) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,012 shares of the utilities provider’s stock, valued at approximately $446,000.
Several other institutional investors have also added to or reduced their stakes in SO. Nomura Holdings Inc. lifted its stake in Southern by 91.4% during the second quarter. Nomura Holdings Inc. now owns 148,521 shares of the utilities provider’s stock worth $7,116,000 after purchasing an additional 70,936 shares during the last quarter. BB&T Investment Services Inc. bought a new position in Southern during the second quarter worth $473,000. Sterling Capital Management LLC lifted its stake in Southern by 3.5% during the second quarter. Sterling Capital Management LLC now owns 160,400 shares of the utilities provider’s stock worth $7,680,000 after purchasing an additional 5,496 shares during the last quarter. Piedmont Investment Advisors LLC increased its position in Southern by 1.1% in the second quarter. Piedmont Investment Advisors LLC now owns 212,991 shares of the utilities provider’s stock worth $10,198,000 after buying an additional 2,325 shares during the period. Finally, Verition Fund Management LLC increased its position in Southern by 445.5% in the second quarter. Verition Fund Management LLC now owns 36,824 shares of the utilities provider’s stock worth $1,763,000 after buying an additional 30,073 shares during the period. Institutional investors own 56.40% of the company’s stock.
Shares of NYSE:SO traded down $0.22 during trading on Friday, hitting $44.79. 4,113,477 shares of the stock were exchanged, compared to its average volume of 5,328,453. Southern has a 1-year low of $42.38 and a 1-year high of $53.51. The firm has a market capitalization of $45,377.23, a PE ratio of 14.83, a PEG ratio of 3.45 and a beta of 0.02. The company has a current ratio of 0.74, a quick ratio of 0.59 and a debt-to-equity ratio of 1.84.
Southern (NYSE:SO) last announced its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.05. The company had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.17 billion. Southern had a return on equity of 11.96% and a net margin of 3.82%. Southern’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.24 EPS. sell-side analysts predict that Southern will post 2.9 EPS for the current year.
A number of research analysts have recently commented on the company. Zacks Investment Research raised Southern from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Tuesday, December 12th. Mizuho reiterated a “buy” rating and issued a $55.00 price target on shares of Southern in a research report on Friday, December 8th. Royal Bank of Canada reiterated a “buy” rating on shares of Southern in a research report on Friday, December 22nd. SunTrust Banks reiterated a “hold” rating and issued a $50.00 price target on shares of Southern in a research report on Tuesday, December 26th. Finally, Guggenheim reiterated a “buy” rating and issued a $52.00 price target on shares of Southern in a research report on Wednesday, January 3rd. Seven equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. Southern has an average rating of “Hold” and a consensus target price of $49.17.
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The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company also constructs, acquires, owns, and manages power generation assets, including renewable energy facilities and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, New Jersey, Florida, Tennessee, and Maryland, as well as provides gas marketing services, wholesale gas services, and gas midstream operations.
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