Southern Co (NYSE:SO) Shares Sold by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp decreased its position in Southern Co (NYSE:SO) by 4.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,284 shares of the utilities provider’s stock after selling 499 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Southern were worth $569,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. 6 Meridian raised its position in Southern by 1.8% during the second quarter. 6 Meridian now owns 10,278 shares of the utilities provider’s stock valued at $568,000 after buying an additional 181 shares during the period. Western Wealth Management LLC raised its position in Southern by 3.4% during the first quarter. Western Wealth Management LLC now owns 5,833 shares of the utilities provider’s stock valued at $307,000 after buying an additional 193 shares during the period. Webster Bank N. A. raised its position in Southern by 15.3% during the first quarter. Webster Bank N. A. now owns 1,509 shares of the utilities provider’s stock valued at $78,000 after buying an additional 200 shares during the period. Home Federal Bank of Tennessee raised its position in Southern by 1.4% during the first quarter. Home Federal Bank of Tennessee now owns 14,242 shares of the utilities provider’s stock valued at $736,000 after buying an additional 200 shares during the period. Finally, Stock Yards Bank & Trust Co. raised its position in Southern by 1.0% during the second quarter. Stock Yards Bank & Trust Co. now owns 20,709 shares of the utilities provider’s stock valued at $1,145,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 56.61% of the company’s stock.

In other news, CEO William P. Bowers sold 164,377 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $56.01, for a total transaction of $9,206,755.77. Following the completion of the sale, the chief executive officer now owns 181,005 shares in the company, valued at approximately $10,138,090.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Ann P. Daiss sold 3,786 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $54.42, for a total value of $206,034.12. Following the sale, the insider now owns 13,798 shares of the company’s stock, valued at approximately $750,887.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 750,397 shares of company stock valued at $41,266,682. 0.88% of the stock is currently owned by corporate insiders.

Several research analysts have weighed in on the company. Evercore ISI raised Southern from an “in-line” rating to an “outperform” rating in a research report on Friday, May 3rd. ValuEngine lowered Yext from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 10th. Zacks Investment Research lowered HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 21st. KeyCorp assumed coverage on Southern in a research report on Tuesday, June 4th. They issued a “sector weight” rating on the stock. Finally, Credit Suisse Group set a $199.00 target price on NextEra Energy and gave the stock a “buy” rating in a research report on Monday, April 22nd. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. Southern has an average rating of “Hold” and a consensus target price of $50.09.

Shares of SO traded up $1.03 during trading hours on Wednesday, hitting $56.32. 370,084 shares of the company were exchanged, compared to its average volume of 3,342,063. The company has a market capitalization of $57.99 billion, a P/E ratio of 18.34, a PEG ratio of 4.10 and a beta of 0.20. The company’s 50 day simple moving average is $55.68. Southern Co has a 52 week low of $42.50 and a 52 week high of $57.08. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.69 and a current ratio of 0.88.

Southern (NYSE:SO) last released its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.08. The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.12 billion. Southern had a return on equity of 10.37% and a net margin of 15.03%. The firm’s revenue was down 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.80 EPS. On average, equities analysts expect that Southern Co will post 3.02 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Monday, August 19th will be paid a dividend of $0.62 per share. The ex-dividend date is Friday, August 16th. This represents a $2.48 annualized dividend and a dividend yield of 4.40%. Southern’s dividend payout ratio (DPR) is presently 80.78%.

Southern 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.

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Institutional Ownership by Quarter for Southern (NYSE:SO)

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