Southern Co (SO) Shares Bought by Gideon Capital Advisors Inc.

Gideon Capital Advisors Inc. boosted its position in Southern Co (NYSE:SO) by 331.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,975 shares of the utilities provider’s stock after buying an additional 25,325 shares during the quarter. Southern makes up about 0.8% of Gideon Capital Advisors Inc.’s investment portfolio, making the stock its 18th biggest holding. Gideon Capital Advisors Inc.’s holdings in Southern were worth $1,527,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Well Done LLC acquired a new position in Southern in the first quarter valued at approximately $100,000. Kaizen Advisory LLC boosted its stake in Southern by 133.8% in the second quarter. Kaizen Advisory LLC now owns 2,284 shares of the utilities provider’s stock valued at $106,000 after acquiring an additional 1,307 shares during the period. Destination Wealth Management boosted its stake in Southern by 359.3% in the second quarter. Destination Wealth Management now owns 2,315 shares of the utilities provider’s stock valued at $107,000 after acquiring an additional 1,811 shares during the period. Horan Capital Advisors LLC. acquired a new position in Southern in the second quarter valued at approximately $121,000. Finally, BerganKDV Wealth Management LLC acquired a new position in Southern in the second quarter valued at approximately $130,000. 57.07% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have commented on SO shares. Zacks Investment Research upgraded Southern from a “sell” rating to a “hold” rating in a research note on Tuesday, April 24th. Credit Suisse Group lifted their target price on Southern to $45.00 and gave the company a “neutral” rating in a research note on Monday, May 7th. Morgan Stanley decreased their target price on Southern from $44.00 to $42.00 and set an “underweight” rating for the company in a research note on Wednesday, June 13th. ValuEngine downgraded Southern from a “hold” rating to a “sell” rating in a research note on Tuesday, May 8th. Finally, Citigroup upgraded Southern from a “sell” rating to a “neutral” rating and set a $44.00 target price for the company in a research note on Friday, June 22nd. Eight research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $47.97.

Shares of NYSE SO opened at $47.15 on Thursday. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.68. The company has a market cap of $46.78 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 3.46 and a beta of 0.04. Southern Co has a 12-month low of $42.38 and a 12-month high of $53.51.

Southern (NYSE:SO) last issued its quarterly earnings data on Wednesday, August 8th. The utilities provider reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.11. The business had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.28 billion. Southern had a return on equity of 13.06% and a net margin of 9.96%. The business’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.73 earnings per share. analysts predict that Southern Co will post 2.97 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 6th. Shareholders of record on Monday, August 20th will be given a $0.60 dividend. The ex-dividend date is Friday, August 17th. This represents a $2.40 dividend on an annualized basis and a yield of 5.09%. Southern’s dividend payout ratio (DPR) is 79.47%.

Southern Company Profile

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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Institutional Ownership by Quarter for Southern (NYSE:SO)

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