6,458 Shares in The Southern Company (NYSE:SO) Acquired by Abel Hall LLC

Abel Hall LLC acquired a new position in The Southern Company (NYSE:SOFree Report) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 6,458 shares of the utilities provider’s stock, valued at approximately $453,000.

Several other institutional investors also recently modified their holdings of the stock. Syon Capital LLC bought a new position in Southern during the fourth quarter valued at approximately $437,000. Integrated Advisors Network LLC grew its position in Southern by 1.6% during the fourth quarter. Integrated Advisors Network LLC now owns 14,076 shares of the utilities provider’s stock valued at $987,000 after acquiring an additional 222 shares during the last quarter. Chicago Partners Investment Group LLC grew its position in Southern by 1.9% during the fourth quarter. Chicago Partners Investment Group LLC now owns 8,924 shares of the utilities provider’s stock valued at $609,000 after acquiring an additional 167 shares during the last quarter. Sierra Summit Advisors LLC bought a new position in Southern during the fourth quarter valued at approximately $299,000. Finally, V Square Quantitative Management LLC grew its position in Southern by 5.4% during the fourth quarter. V Square Quantitative Management LLC now owns 4,839 shares of the utilities provider’s stock valued at $339,000 after acquiring an additional 246 shares during the last quarter. 64.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Southern

In other news, CEO Kimberly S. Greene sold 9,126 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $75.04, for a total transaction of $684,815.04. Following the completion of the transaction, the chief executive officer now directly owns 121,504 shares in the company, valued at $9,117,660.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.18% of the company’s stock.

Southern Stock Down 0.1 %

Southern stock traded down $0.04 on Friday, hitting $78.65. 2,444,513 shares of the stock traded hands, compared to its average volume of 3,837,078. The company has a current ratio of 0.92, a quick ratio of 0.65 and a debt-to-equity ratio of 1.67. The firm has a market cap of $86.00 billion, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 2.83 and a beta of 0.51. The business’s fifty day simple moving average is $75.89 and its 200 day simple moving average is $71.79. The Southern Company has a 1 year low of $61.56 and a 1 year high of $80.84.

Southern (NYSE:SOGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.90 by $0.13. The business had revenue of $6.65 billion during the quarter, compared to analyst estimates of $6.59 billion. Southern had a return on equity of 12.07% and a net margin of 16.74%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.79 earnings per share. As a group, sell-side analysts forecast that The Southern Company will post 3.99 earnings per share for the current year.

Southern Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Monday, May 20th were given a dividend of $0.72 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $2.88 annualized dividend and a yield of 3.66%. This is a positive change from Southern’s previous quarterly dividend of $0.70. Southern’s dividend payout ratio (DPR) is currently 74.42%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. BMO Capital Markets reiterated an “outperform” rating and set a $76.00 price target (up from $72.00) on shares of Southern in a research report on Monday, April 1st. Royal Bank of Canada restated an “outperform” rating and issued a $80.00 target price on shares of Southern in a report on Wednesday, February 21st. Morgan Stanley raised their target price on shares of Southern from $67.00 to $74.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 28th. Wells Fargo & Company raised their target price on shares of Southern from $72.00 to $77.00 and gave the stock an “equal weight” rating in a report on Friday, May 3rd. Finally, Mizuho raised their target price on shares of Southern from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $76.36.

Check Out Our Latest Report on Southern

Southern Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Southern (NYSE:SO)

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