4,084 Shares in The Southern Company (NYSE:SO) Purchased by Foundations Investment Advisors LLC


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Foundations Investment Advisors LLC bought a new stake in shares of The Southern Company (NYSE:SO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,084 shares of the utilities provider’s stock, valued at approximately $251,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SO. Donaldson Capital Management LLC raised its holdings in shares of The Southern by 32.5% during the fourth quarter. Donaldson Capital Management LLC now owns 541,597 shares of the utilities provider’s stock valued at $33,270,000 after purchasing an additional 132,960 shares during the last quarter. Brick & Kyle Associates lifted its holdings in The Southern by 7.4% in the third quarter. Brick & Kyle Associates now owns 40,428 shares of the utilities provider’s stock valued at $2,193,000 after acquiring an additional 2,799 shares during the period. Trustmark National Bank Trust Department boosted its position in The Southern by 29.3% in the third quarter. Trustmark National Bank Trust Department now owns 121,823 shares of the utilities provider’s stock worth $6,605,000 after purchasing an additional 27,571 shares during the last quarter. WASHINGTON TRUST Co grew its stake in shares of The Southern by 68.5% during the 3rd quarter. WASHINGTON TRUST Co now owns 7,541 shares of the utilities provider’s stock valued at $409,000 after purchasing an additional 3,066 shares during the period. Finally, Exane Derivatives purchased a new stake in shares of The Southern during the 3rd quarter valued at about $478,000. 57.29% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently issued reports on SO shares. BMO Capital Markets started coverage on shares of The Southern in a research report on Tuesday, November 24th. They set a “market perform” rating and a $67.00 target price for the company. KeyCorp reduced their price objective on The Southern from $66.00 to $65.00 and set an “overweight” rating for the company in a research note on Tuesday. Mizuho lifted their target price on The Southern from $48.00 to $53.00 in a research report on Wednesday, October 28th. Morgan Stanley reduced their price target on The Southern from $62.00 to $57.00 and set an “underweight” rating for the company in a research report on Tuesday, December 15th. Finally, Barclays lifted their price objective on The Southern from $61.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, November 18th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $64.60.

SO stock opened at $59.71 on Thursday. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.97 and a quick ratio of 0.75. The Southern Company has a 1-year low of $41.96 and a 1-year high of $71.10. The business has a 50 day simple moving average of $60.65 and a two-hundred day simple moving average of $56.90. The company has a market capitalization of $63.06 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 4.58 and a beta of 0.38.

The Southern (NYSE:SO) last released its earnings results on Thursday, October 29th. The utilities provider reported $1.22 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.02). The company had revenue of $5.62 billion during the quarter, compared to analysts’ expectations of $6.29 billion. The Southern had a return on equity of 10.47% and a net margin of 15.83%. The Southern’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period last year, the firm posted $1.34 EPS. Sell-side analysts anticipate that The Southern Company will post 3.16 EPS for the current fiscal year.

In other news, CEO Stephen E. Kuczynski sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, December 10th. The stock was sold at an average price of $60.93, for a total transaction of $152,325.00. Following the sale, the chief executive officer now directly owns 64,496 shares of the company’s stock, valued at approximately $3,929,741.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kimberly S. Greene sold 30,000 shares of the stock in a transaction that occurred on Thursday, December 3rd. The shares were sold at an average price of $61.96, for a total value of $1,858,800.00. Following the transaction, the chief executive officer now owns 50,291 shares of the company’s stock, valued at $3,116,030.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,000 shares of company stock worth $2,164,100. Corporate insiders own 0.39% of the company’s stock.

The 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 The Southern (NYSE:SO)

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