Krilogy Financial LLC Acquires New Holdings in Southern Company (The) $SO

Krilogy Financial LLC bought a new stake in shares of Southern Company (The) (NYSE:SO) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 9,116 shares of the utilities provider’s stock, valued at approximately $833,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cloud Capital Management LLC acquired a new position in shares of Southern during the 3rd quarter worth approximately $25,000. Advantage Trust Co raised its holdings in shares of Southern by 1,428.6% in the second quarter. Advantage Trust Co now owns 321 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 300 shares during the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in shares of Southern in the third quarter worth $29,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Southern in the third quarter valued at $34,000. Finally, Chilton Capital Management LLC boosted its stake in shares of Southern by 120.1% during the third quarter. Chilton Capital Management LLC now owns 361 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 197 shares during the last quarter. Hedge funds and other institutional investors own 64.10% of the company’s stock.

Wall Street Analysts Forecast Growth

SO has been the topic of a number of recent research reports. TD Cowen restated a “buy” rating on shares of Southern in a report on Thursday, December 11th. Wall Street Zen lowered shares of Southern from a “hold” rating to a “sell” rating in a research report on Saturday, December 6th. KeyCorp reduced their price objective on shares of Southern from $87.00 to $76.00 and set an “underweight” rating on the stock in a research note on Friday, December 12th. Morgan Stanley reaffirmed an “underweight” rating and issued a $85.00 target price on shares of Southern in a research note on Wednesday, January 21st. Finally, Jefferies Financial Group reduced their price target on Southern from $104.00 to $93.00 and set a “neutral” rating on the stock in a research note on Monday, December 15th. Four research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Southern currently has a consensus rating of “Hold” and a consensus target price of $94.91.

Southern Stock Performance

Shares of SO stock opened at $94.93 on Friday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.59 and a current ratio of 0.75. The firm has a market capitalization of $104.53 billion, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 2.80 and a beta of 0.45. Southern Company has a one year low of $83.09 and a one year high of $100.83. The company has a 50 day moving average price of $87.90 and a 200 day moving average price of $91.38.

Southern Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Tuesday, February 17th will be given a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, February 17th. Southern’s dividend payout ratio (DPR) is 73.27%.

Southern Company Profile

Southern Company (NYSE: SO) is an Atlanta-based energy holding company that provides electric and gas utility services and owns power generation assets across the United States. Founded in 1945, the company operates a portfolio of regulated electric utilities and affiliated businesses that generate, transmit and distribute electricity to residential, commercial and industrial customers.

Southern’s principal regulated electric subsidiaries include Georgia Power, Alabama Power and Mississippi Power, which serve large portions of the southeastern United States.