Wade G W & Inc. Has $6.32 Million Stake in Southern Co (SO)

Wade G W & Inc. lifted its position in Southern Co (NYSE:SO) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 143,800 shares of the utilities provider’s stock after acquiring an additional 3,734 shares during the quarter. Wade G W & Inc.’s holdings in Southern were worth $6,316,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vigilant Capital Management LLC purchased a new position in shares of Southern in the 4th quarter worth approximately $30,000. Parkside Financial Bank & Trust grew its position in shares of Southern by 38.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 798 shares of the utilities provider’s stock worth $35,000 after buying an additional 220 shares during the last quarter. IMS Capital Management purchased a new position in shares of Southern in the 3rd quarter worth approximately $37,000. Mondrian Investment Partners LTD purchased a new position in shares of Southern in the 4th quarter worth approximately $40,000. Finally, Lavaca Capital LLC purchased a new position in shares of Southern in the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors own 56.84% of the company’s stock.

A number of research firms recently commented on SO. Citigroup upgraded shares of Southern from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $45.00 to $50.00 in a research note on Thursday, January 24th. Zacks Investment Research upgraded shares of Southern from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Tuesday, January 15th. SunTrust Banks reiterated a “hold” rating and issued a $47.00 target price on shares of Southern in a research note on Monday, January 7th. Guggenheim reiterated a “hold” rating and issued a $44.00 target price on shares of Southern in a research note on Monday, January 7th. Finally, Mizuho reiterated a “hold” rating and issued a $46.00 target price on shares of Southern in a research note on Tuesday, December 11th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. Southern has an average rating of “Hold” and a consensus price target of $46.64.

Shares of NYSE:SO traded down $0.04 during trading on Monday, hitting $49.08. 974,432 shares of the stock traded hands, compared to its average volume of 4,473,214. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.72 and a quick ratio of 0.58. The firm has a market cap of $50.54 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 3.63 and a beta of 0.19. Southern Co has a 52-week low of $42.38 and a 52-week high of $49.43.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 6th. Stockholders of record on Tuesday, February 19th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 4.89%. The ex-dividend date of this dividend is Friday, February 15th. Southern’s dividend payout ratio (DPR) is 79.47%.

In related news, insider Mark Lantrip sold 9,000 shares of the business’s stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $47.58, for a total value of $428,220.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William P. Bowers sold 90,942 shares of the business’s stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $48.60, for a total transaction of $4,419,781.20. Following the completion of the sale, the chief executive officer now directly owns 177,043 shares of the company’s stock, valued at approximately $8,604,289.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 114,942 shares of company stock valued at $5,553,451. Insiders own 0.73% of the company’s stock.

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About Southern

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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