Sepio Capital LP Purchases New Position in The Southern Company (NYSE:SO)

Sepio Capital LP acquired a new position in shares of The Southern Company (NYSE:SOFree Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,659 shares of the utilities provider’s stock, valued at approximately $257,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SO. BKM Wealth Management LLC acquired a new position in Southern in the fourth quarter valued at about $34,000. Valley National Advisers Inc. increased its holdings in Southern by 63.9% during the 4th quarter. Valley National Advisers Inc. now owns 526 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 205 shares in the last quarter. Cassady Schiller Wealth Management LLC raised its position in Southern by 46.3% in the 4th quarter. Cassady Schiller Wealth Management LLC now owns 556 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 176 shares during the last quarter. Cetera Trust Company N.A acquired a new position in Southern in the fourth quarter worth $46,000. Finally, Atticus Wealth Management LLC boosted its stake in Southern by 30.4% in the third quarter. Atticus Wealth Management LLC now owns 652 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 152 shares in the last quarter. Institutional investors and hedge funds own 64.10% of the company’s stock.

Insider Transactions at Southern

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on SO shares. Barclays raised their price objective on shares of Southern from $65.00 to $66.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. BMO Capital Markets reaffirmed an “outperform” rating and set a $76.00 price objective (up previously from $72.00) on shares of Southern in a report on Monday, April 1st. UBS Group cut Southern from a “buy” rating to a “neutral” rating and lowered their target price for the company from $78.00 to $76.00 in a research note on Thursday, April 4th. Wells Fargo & Company upped their price target on Southern from $72.00 to $77.00 and gave the company an “equal weight” rating in a research note on Friday, May 3rd. Finally, Scotiabank lowered their price objective on Southern from $80.00 to $77.00 and set a “sector outperform” rating for the company in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, six have given 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, Southern currently has an average rating of “Moderate Buy” and an average target price of $75.73.

Read Our Latest Stock Analysis on Southern

Southern Stock Up 0.8 %

SO stock traded up $0.58 during mid-day trading on Friday, hitting $77.75. 2,424,732 shares of the company were exchanged, compared to its average volume of 5,115,094. The firm has a market cap of $85.11 billion, a P/E ratio of 20.09, a P/E/G ratio of 3.22 and a beta of 0.48. The Southern Company has a 1-year low of $61.56 and a 1-year high of $80.14. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.65 and a current ratio of 0.92. The firm’s 50 day simple moving average is $73.40 and its 200 day simple moving average is $70.79.

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

Southern Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Monday, May 20th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Friday, May 17th. This is an increase from Southern’s previous quarterly dividend of $0.70. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.70%. Southern’s dividend payout ratio (DPR) is 74.42%.

Southern Company Profile

(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.

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Institutional Ownership by Quarter for Southern (NYSE:SO)

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