Windle Wealth LLC Has $6.07 Million Position in The Southern Company (NYSE:SO)

Windle Wealth LLC cut its stake in The Southern Company (NYSE:SOFree Report) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,519 shares of the utilities provider’s stock after selling 1,373 shares during the period. Southern makes up about 4.3% of Windle Wealth LLC’s portfolio, making the stock its 11th biggest holding. Windle Wealth LLC’s holdings in Southern were worth $6,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Ameriprise Financial Inc. raised its position in shares of Southern by 38.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,547,188 shares of the utilities provider’s stock valued at $488,461,000 after buying an additional 2,096,988 shares in the last quarter. FMR LLC raised its position in Southern by 5.0% during the third quarter. FMR LLC now owns 38,906,760 shares of the utilities provider’s stock valued at $2,518,045,000 after purchasing an additional 1,838,857 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Southern by 6,303.7% during the fourth quarter. International Assets Investment Management LLC now owns 1,199,544 shares of the utilities provider’s stock worth $84,112,000 after purchasing an additional 1,180,812 shares during the last quarter. Reaves W H & Co. Inc. increased its stake in shares of Southern by 8,375.3% in the 3rd quarter. Reaves W H & Co. Inc. now owns 849,646 shares of the utilities provider’s stock valued at $54,989,000 after purchasing an additional 839,621 shares during the last quarter. Finally, Boston Partners acquired a new position in shares of Southern during the 4th quarter worth $56,924,000. 64.10% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Kimberly S. Greene sold 9,126 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $75.04, for a total transaction of $684,815.04. Following the completion of the transaction, the chief executive officer now owns 121,504 shares in the company, valued at approximately $9,117,660.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Kimberly S. Greene sold 9,126 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $75.04, for a total value of $684,815.04. Following the completion of the transaction, the chief executive officer now directly owns 121,504 shares of the company’s stock, valued at approximately $9,117,660.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Stephen E. Kuczynski sold 5,000 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $68.92, for a total value of $344,600.00. Following the completion of the transaction, the chief executive officer now directly owns 126,528 shares of the company’s stock, valued at $8,720,309.76. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Southern Stock Up 1.1 %

Shares of SO traded up $0.87 during trading hours on Friday, reaching $79.54. The stock had a trading volume of 4,833,749 shares, compared to its average volume of 5,668,065. The firm has a 50-day simple moving average of $72.50 and a 200 day simple moving average of $70.47. The Southern Company has a 12 month low of $61.56 and a 12 month high of $79.85. The company has a current ratio of 0.92, a quick ratio of 0.65 and a debt-to-equity ratio of 1.67. The company has a market capitalization of $87.07 billion, a price-to-earnings ratio of 20.55, a P/E/G ratio of 4.43 and a beta of 0.48.

Southern (NYSE:SOGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.13. The business had revenue of $6.65 billion during the quarter, compared to the consensus estimate of $6.59 billion. Southern had a return on equity of 12.07% and a net margin of 16.74%. Southern’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.79 earnings per share. Equities research analysts predict that The Southern Company will post 3.99 earnings per share for the current fiscal year.

Southern Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Monday, May 20th will be given a dividend of $0.72 per share. The ex-dividend date is Friday, May 17th. This represents a $2.88 annualized dividend and a dividend yield of 3.62%. This is a boost from Southern’s previous quarterly dividend of $0.70. Southern’s dividend payout ratio (DPR) is currently 72.35%.

Wall Street Analyst Weigh In

SO has been the topic of a number of recent analyst reports. Scotiabank decreased their target price on Southern from $80.00 to $77.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 22nd. Bank of America increased their price objective on shares of Southern from $70.00 to $73.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. UBS Group cut shares of Southern from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $78.00 to $76.00 in a research note on Thursday, April 4th. Mizuho increased their price target on Southern from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $80.00 price objective on shares of Southern in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $75.73.

Check Out Our Latest Stock Report on SO

About Southern

(Free Report)

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, gas distribution operations, and gas pipeline investments operations.

Read More

Want to see what other hedge funds are holding SO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Southern Company (NYSE:SOFree Report).

Institutional Ownership by Quarter for Southern (NYSE:SO)

Receive News & Ratings for Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern and related companies with MarketBeat.com's FREE daily email newsletter.