Southern Company (The) $SO Stock Sold by Kenora Financial LLC

Kenora Financial LLC cut its holdings in shares of Southern Company (The) (NYSE:SO) by 27.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,852 shares of the utilities provider’s stock after selling 5,723 shares during the period. Kenora Financial LLC’s holdings in Southern were worth $1,231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Uptick Partners LLC grew its position in Southern by 1.5% during the 1st quarter. Uptick Partners LLC now owns 7,601 shares of the utilities provider’s stock worth $734,000 after purchasing an additional 110 shares during the period. Optivise Advisory Services LLC raised its stake in shares of Southern by 3.8% during the 3rd quarter. Optivise Advisory Services LLC now owns 3,055 shares of the utilities provider’s stock valued at $253,000 after buying an additional 111 shares during the last quarter. Seelaus Asset Management LLC lifted its holdings in shares of Southern by 2.4% in the 1st quarter. Seelaus Asset Management LLC now owns 4,923 shares of the utilities provider’s stock valued at $475,000 after buying an additional 115 shares during the period. KCM Investment Advisors LLC lifted its holdings in shares of Southern by 0.3% in the 1st quarter. KCM Investment Advisors LLC now owns 34,328 shares of the utilities provider’s stock valued at $3,313,000 after buying an additional 115 shares during the period. Finally, Leonteq Securities AG boosted its stake in shares of Southern by 4.7% in the first quarter. Leonteq Securities AG now owns 2,657 shares of the utilities provider’s stock worth $256,000 after buying an additional 119 shares during the last quarter. 64.10% of the stock is owned by hedge funds and other institutional investors.

Southern Price Performance

Shares of Southern stock opened at $89.30 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 0.79 and a debt-to-equity ratio of 1.62. Southern Company has a twelve month low of $81.69 and a twelve month high of $99.58. The business has a 50-day moving average price of $87.67 and a 200 day moving average price of $92.09. The firm has a market cap of $102.73 billion, a PE ratio of 19.82, a P/E/G ratio of 2.40 and a beta of 0.31.

Southern (NYSE:SO) last issued its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.12. Southern had a return on equity of 12.93% and a net margin of 15.43%. The company had revenue of $6.98 billion for the quarter, compared to the consensus estimate of $7.23 billion. During the same quarter in the prior year, the business posted $0.79 earnings per share. Southern’s revenue for the quarter was up .1% on a year-over-year basis. Sell-side analysts predict that Southern Company will post 4.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on SO. KeyCorp dropped their target price on Southern from $79.00 to $74.00 and set an “underweight” rating on the stock in a report on Tuesday, October 13th. Morgan Stanley decreased their price target on Southern from $89.00 to $85.00 and set an “underweight” rating for the company in a report on Friday, September 18th. Mizuho set a $106.00 price objective on Southern in a research report on Friday, July 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Southern in a research note on Wednesday, July 29th. Finally, Barclays cut their target price on shares of Southern from $101.00 to $92.00 and set an “equal weight” rating for the company in a report on Friday. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $98.47.

Southern Company Profile

Southern Company (NYSE: SO) is an energy holding company headquartered in Atlanta, Georgia. Through its subsidiaries, the company generates, transmits, distributes and sells electricity, while also providing natural gas distribution and related energy services.

Southern’s electric utility operations include Alabama Power, Georgia Power and Mississippi Power, which serve customers across Alabama, Georgia and Mississippi. The company’s generation portfolio includes nuclear, natural gas, coal, hydroelectric and renewable energy resources.