Southern Co (NYSE:SO) Shares Sold by Accurate Investment Solutions Inc.

Accurate Investment Solutions Inc. reduced its stake in shares of Southern Co (NYSE:SO) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,933 shares of the utilities provider’s stock after selling 406 shares during the quarter. Southern accounts for 3.8% of Accurate Investment Solutions Inc.’s portfolio, making the stock its 4th largest position. Accurate Investment Solutions Inc.’s holdings in Southern were worth $5,185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Pettyjohn Wood & White Inc. grew its holdings in shares of Southern by 0.3% during the second quarter. Pettyjohn Wood & White Inc. now owns 60,890 shares of the utilities provider’s stock worth $3,366,000 after purchasing an additional 175 shares during the last quarter. Confluence Wealth Management LLC grew its holdings in shares of Southern by 2.2% during the second quarter. Confluence Wealth Management LLC now owns 8,047 shares of the utilities provider’s stock worth $445,000 after purchasing an additional 175 shares during the last quarter. 6 Meridian grew its holdings in shares of Southern by 1.8% during the second quarter. 6 Meridian now owns 10,278 shares of the utilities provider’s stock worth $568,000 after purchasing an additional 181 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Southern by 0.8% during the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 23,452 shares of the utilities provider’s stock worth $1,296,000 after purchasing an additional 186 shares during the last quarter. Finally, St. Johns Investment Management Company LLC grew its holdings in shares of Southern by 1.9% during the second quarter. St. Johns Investment Management Company LLC now owns 10,573 shares of the utilities provider’s stock worth $584,000 after purchasing an additional 195 shares during the last quarter. Hedge funds and other institutional investors own 58.36% of the company’s stock.

In other Southern news, CEO Stephen E. Kuczynski sold 123,533 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $61.87, for a total value of $7,642,986.71. Following the transaction, the chief executive officer now owns 191,305 shares of the company’s stock, valued at $11,836,040.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephen E. Kuczynski sold 2,000 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $57.51, for a total value of $115,020.00. Following the completion of the transaction, the chief executive officer now directly owns 71,772 shares in the company, valued at approximately $4,127,607.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 202,533 shares of company stock worth $12,386,567. 0.88% of the stock is owned by company insiders.

Southern stock traded down $0.15 during mid-day trading on Thursday, hitting $61.75. The stock had a trading volume of 265,633 shares, compared to its average volume of 4,236,350. The stock has a 50-day simple moving average of $60.05 and a two-hundred day simple moving average of $55.84. The stock has a market capitalization of $64.42 billion, a PE ratio of 20.13, a P/E/G ratio of 4.52 and a beta of 0.16. Southern Co has a 12 month low of $42.50 and a 12 month high of $62.36. The company has a current ratio of 0.76, a quick ratio of 0.59 and a debt-to-equity ratio of 1.33.

Southern (NYSE:SO) last posted its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.08. The business had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.12 billion. Southern had a return on equity of 10.04% and a net margin of 20.18%. The firm’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.80 earnings per share. Sell-side analysts expect that Southern Co will post 3.04 earnings per share for the current fiscal year.

SO has been the topic of several research analyst reports. Barclays restated a “hold” rating and set a $57.00 target price on shares of Southern in a report on Wednesday, June 19th. SunTrust Banks set a $59.00 target price on Southern and gave the stock a “hold” rating in a report on Tuesday, September 3rd. Bank of America increased their target price on Southern from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Mizuho increased their target price on Southern from $48.50 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, June 13th. Finally, UBS Group raised their price target on Southern from $58.00 to $62.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $55.70.

About Southern

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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