Monument Capital Management trimmed its position in Southern Co (NYSE:SO) by 2.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,633 shares of the utilities provider’s stock after selling 1,161 shares during the period. Southern comprises about 1.4% of Monument Capital Management’s investment portfolio, making the stock its 23rd largest position. Monument Capital Management’s holdings in Southern were worth $2,513,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SO. Norges Bank purchased a new position in shares of Southern during the 4th quarter worth about $317,444,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Southern by 4,238.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,812,534 shares of the utilities provider’s stock worth $110,000 after acquiring an additional 4,701,596 shares during the period. BlackRock Inc. lifted its holdings in shares of Southern by 4.0% during the 4th quarter. BlackRock Inc. now owns 67,971,011 shares of the utilities provider’s stock worth $2,985,286,000 after acquiring an additional 2,593,928 shares during the period. FMR LLC lifted its holdings in shares of Southern by 20.7% during the 4th quarter. FMR LLC now owns 10,403,435 shares of the utilities provider’s stock worth $456,919,000 after acquiring an additional 1,785,854 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in shares of Southern by 45.0% during the 4th quarter. California Public Employees Retirement System now owns 5,303,634 shares of the utilities provider’s stock worth $232,936,000 after acquiring an additional 1,645,805 shares during the period. Institutional investors own 56.84% of the company’s stock.

NYSE SO traded down $0.21 during mid-day trading on Wednesday, hitting $51.74. The company’s stock had a trading volume of 264,082 shares, compared to its average volume of 5,026,363. Southern Co has a 52-week low of $42.42 and a 52-week high of $52.65. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.54 and a current ratio of 0.67. The firm has a market capitalization of $53.44 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 3.79 and a beta of 0.20.

Southern (NYSE:SO) last posted its quarterly earnings results on Wednesday, February 20th. The utilities provider reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. Southern had a net margin of 9.54% and a return on equity of 11.39%. The firm had revenue of $5.34 billion for the quarter, compared to analyst estimates of $4.88 billion. During the same quarter last year, the firm posted $0.51 earnings per share. Southern’s revenue for the quarter was down 5.2% compared to the same quarter last year. Sell-side analysts forecast that Southern Co will post 3.03 EPS for the current fiscal year.

In other Southern news, CEO Stephen E. Kuczynski sold 7,000 shares of the stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $51.68, for a total value of $361,760.00. Following the completion of the sale, the chief executive officer now owns 77,772 shares of the company’s stock, valued at $4,019,256.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William P. Bowers sold 90,942 shares of the stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $48.60, for a total transaction of $4,419,781.20. Following the completion of the sale, the chief executive officer now directly owns 177,043 shares of the company’s stock, valued at approximately $8,604,289.80. The disclosure for this sale can be found here. Insiders sold 383,341 shares of company stock worth $19,342,988 in the last 90 days. 0.73% of the stock is currently owned by insiders.

Several research analysts have recently weighed in on the stock. ValuEngine lowered shares of Southern from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Mizuho reiterated a “hold” rating and set a $46.00 price objective on shares of Southern in a report on Tuesday, December 11th. SunTrust Banks restated a “hold” rating and issued a $47.00 price target on shares of Southern in a report on Monday, January 7th. restated a “sell” rating on shares of Southern in a report on Wednesday, February 13th. Finally, Zacks Investment Research upgraded shares of Southern from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a report on Tuesday, January 15th. Six investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $47.00.

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Southern Company 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.

Read More: Sell-Side Analysts

Institutional Ownership by Quarter for Southern (NYSE:SO)

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