Southern Co (NYSE:SO) Stock Holdings Lifted by Truvestments Capital LLC

Truvestments Capital LLC lifted its holdings in Southern Co (NYSE:SO) by 1.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 23,344 shares of the utilities provider’s stock after buying an additional 335 shares during the quarter. Truvestments Capital LLC’s holdings in Southern were worth $1,442,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Krane Funds Advisors LLC bought a new stake in Southern in the 2nd quarter valued at about $25,000. Lenox Wealth Advisors LLC bought a new stake in Southern in the 3rd quarter valued at about $25,000. Thor Advisors LLC bought a new stake in Southern in the 1st quarter valued at about $26,000. Atlantic Trust LLC bought a new stake in Southern in the 2nd quarter valued at about $28,000. Finally, Salomon & Ludwin LLC bought a new stake in Southern in the 2nd quarter valued at about $29,000. Institutional investors own 58.36% of the company’s stock.

Several analysts recently weighed in on the stock. Mizuho lifted their price objective on shares of Southern from $48.50 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, June 13th. SunTrust Banks set a $59.00 price objective on shares of Southern and gave the company a “hold” rating in a research report on Tuesday, September 3rd. Bank of America raised their target price on shares of Southern from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. UBS Group raised their target price on shares of Southern from $58.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Finally, ValuEngine cut shares of Southern from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $55.70.

Southern stock traded down $0.10 during trading hours on Thursday, hitting $61.80. 3,659,563 shares of the company traded hands, compared to its average volume of 4,638,380. The firm has a market cap of $64.42 billion, a P/E ratio of 20.13, a P/E/G ratio of 4.52 and a beta of 0.16. The company has a quick ratio of 0.59, a current ratio of 0.76 and a debt-to-equity ratio of 1.33. The firm’s 50-day simple moving average is $60.05 and its two-hundred day simple moving average is $55.84. Southern Co has a 1-year low of $42.50 and a 1-year high of $62.36.

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

In other news, EVP James Y. Kerr II sold 25,000 shares of Southern stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $62.16, for a total value of $1,554,000.00. Following the transaction, the executive vice president now directly owns 67,655 shares of the company’s stock, valued at $4,205,434.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Stephen E. Kuczynski sold 2,000 shares of Southern stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $57.51, for a total transaction 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 $4,127,607.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 202,533 shares of company stock worth $12,386,567. 0.88% of the stock is owned by corporate insiders.

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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