Good Life Advisors LLC grew its position in Southern Co (NYSE:SO) by 5.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 15,947 shares of the utilities provider’s stock after buying an additional 880 shares during the quarter. Good Life Advisors LLC’s holdings in Southern were worth $1,013,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of SO. Schroder Investment Management Group boosted its stake in Southern by 7.4% during the 2nd quarter. Schroder Investment Management Group now owns 512,198 shares of the utilities provider’s stock valued at $28,314,000 after purchasing an additional 35,367 shares in the last quarter. Pictet Asset Management Ltd. boosted its stake in Southern by 449.2% during the 2nd quarter. Pictet Asset Management Ltd. now owns 3,322,449 shares of the utilities provider’s stock valued at $183,665,000 after purchasing an additional 2,717,467 shares in the last quarter. Invesco Ltd. boosted its stake in Southern by 22.4% during the 2nd quarter. Invesco Ltd. now owns 7,200,728 shares of the utilities provider’s stock valued at $398,057,000 after purchasing an additional 1,319,096 shares in the last quarter. HBK Sorce Advisory LLC boosted its stake in Southern by 28.5% during the 2nd quarter. HBK Sorce Advisory LLC now owns 14,320 shares of the utilities provider’s stock valued at $768,000 after purchasing an additional 3,180 shares in the last quarter. Finally, Beacon Pointe Advisors LLC bought a new position in Southern during the 2nd quarter valued at $219,000. Institutional investors own 58.97% of the company’s stock.
Shares of Southern stock traded up $0.33 during midday trading on Friday, hitting $66.48. The company’s stock had a trading volume of 1,015,145 shares, compared to its average volume of 3,897,577. The firm has a market capitalization of $68.78 billion, a P/E ratio of 21.65, a PEG ratio of 4.54 and a beta of 0.15. The stock has a 50-day simple moving average of $62.83 and a 200-day simple moving average of $60.22. The company has a quick ratio of 0.77, a current ratio of 0.94 and a debt-to-equity ratio of 1.37. Southern Co has a 1-year low of $46.49 and a 1-year high of $66.18.
Southern (NYSE:SO) last issued its earnings results on Wednesday, October 30th. The utilities provider reported $1.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.20. The business had revenue of $6 billion during the quarter, compared to analysts’ expectations of $6.01 billion. Southern had a return on equity of 10.52% and a net margin of 21.02%. Southern’s revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.14 earnings per share. As a group, sell-side analysts predict that Southern Co will post 3.1 earnings per share for the current year.
In related news, CEO Stephen E. Kuczynski sold 2,000 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $62.22, for a total transaction of $124,440.00. Following the completion of the sale, the chief executive officer now directly owns 65,772 shares in the company, valued at $4,092,333.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Stan W. Connally sold 4,755 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $16.76, for a total value of $79,693.80. In the last ninety days, insiders sold 2,218,238 shares of company stock valued at $139,737,603. 0.88% of the stock is currently owned by insiders.
Several research firms have recently weighed in on SO. JPMorgan Chase & Co. raised their price objective on Southern from $63.00 to $64.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 18th. SunTrust Banks raised their price objective on Southern from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Wednesday, December 18th. Evercore ISI reissued a “hold” rating and set a $63.50 price objective on shares of Southern in a research note on Sunday, December 15th. Finally, Credit Suisse Group raised their price objective on Southern from $60.00 to $64.00 and gave the stock an “underperform” rating in a research note on Wednesday, December 18th. Five research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. Southern presently has a consensus rating of “Hold” and a consensus target price of $59.77.
Southern Company Profile
The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates in four segments: Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services. 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, and Tennessee, as well as provides gas marketing services, wholesale gas services, and gas pipeline investments operations.
Further Reading: 52-Week High/Low Prices For Stock Selection
Want to see what other hedge funds are holding SO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southern Co (NYSE:SO).
Receive News & Ratings for Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern and related companies with MarketBeat.com's FREE daily email newsletter.