Leelyn Smith LLC grew its stake in shares of The Southern Company (NYSE:SO) by 7.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,571 shares of the utilities provider’s stock after buying an additional 1,957 shares during the quarter. Leelyn Smith LLC’s holdings in The Southern were worth $1,776,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. JustInvest LLC increased its position in shares of The Southern by 15.3% in the fourth quarter. JustInvest LLC now owns 4,539 shares of the utilities provider’s stock valued at $279,000 after acquiring an additional 604 shares during the period. Stratos Wealth Partners LTD. raised its holdings in shares of The Southern by 8.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 51,518 shares of the utilities provider’s stock valued at $3,165,000 after purchasing an additional 4,194 shares during the last quarter. Signet Financial Management LLC increased its holdings in The Southern by 3.4% during the fourth quarter. Signet Financial Management LLC now owns 5,767 shares of the utilities provider’s stock valued at $354,000 after buying an additional 191 shares during the last quarter. Rockland Trust Co. increased its holdings in The Southern by 11.5% during the first quarter. Rockland Trust Co. now owns 134,621 shares of the utilities provider’s stock valued at $8,368,000 after buying an additional 13,854 shares during the last quarter. Finally, Regentatlantic Capital LLC increased its holdings in The Southern by 33.3% during the first quarter. Regentatlantic Capital LLC now owns 25,142 shares of the utilities provider’s stock valued at $1,563,000 after buying an additional 6,274 shares during the last quarter. Hedge funds and other institutional investors own 57.62% of the company’s stock.
A number of equities analysts have weighed in on the stock. Credit Suisse Group upped their price target on shares of The Southern from $73.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, May 6th. Evercore ISI lowered shares of The Southern from an “in-line” rating to an “underperform” rating and set a $61.00 price objective for the company. in a research report on Thursday, January 21st. Mizuho increased their price objective on shares of The Southern from $59.00 to $61.00 and gave the company an “underperform” rating in a research report on Monday, May 3rd. Bank of America raised shares of The Southern from a “neutral” rating to a “buy” rating and set a $64.00 target price on the stock in a research note on Tuesday, January 19th. Finally, KeyCorp raised their price target on shares of The Southern from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 27th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $66.08.
Shares of SO traded down $0.22 during mid-day trading on Monday, reaching $64.89. The stock had a trading volume of 98,588 shares, compared to its average volume of 3,917,721. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.90 and a quick ratio of 0.73. The Southern Company has a 52-week low of $50.40 and a 52-week high of $66.93. The business’s fifty day moving average is $64.22 and its 200 day moving average is $61.19. The firm has a market cap of $68.76 billion, a price-to-earnings ratio of 21.70, a P/E/G ratio of 3.56 and a beta of 0.39.
The Southern (NYSE:SO) last posted its earnings results on Thursday, April 29th. The utilities provider reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.13. The Southern had a net margin of 15.80% and a return on equity of 10.08%. As a group, sell-side analysts anticipate that The Southern Company will post 3.19 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 7th. Stockholders of record on Monday, May 17th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 4.07%. The ex-dividend date is Friday, May 14th. This is an increase from The Southern’s previous quarterly dividend of $0.64. The Southern’s payout ratio is currently 82.32%.
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 and battery energy storage 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, wholesale gas services, and gas pipeline investments operations.
Receive News & Ratings for The Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Southern and related companies with MarketBeat.com's FREE daily email newsletter.