The Southern Company (NYSE:SO) Shares Bought by Capital Investment Advisors LLC

Capital Investment Advisors LLC boosted its stake in shares of The Southern Company (NYSE:SOGet Rating) by 2.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 589,848 shares of the utilities provider’s stock after purchasing an additional 12,574 shares during the quarter. Southern comprises approximately 1.3% of Capital Investment Advisors LLC’s holdings, making the stock its 16th biggest position. Capital Investment Advisors LLC’s holdings in Southern were worth $42,770,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisor Partners LLC grew its position in shares of Southern by 0.4% during the 4th quarter. Advisor Partners LLC now owns 38,175 shares of the utilities provider’s stock valued at $2,619,000 after acquiring an additional 146 shares during the period. Clarius Group LLC grew its position in shares of Southern by 1.5% during the 4th quarter. Clarius Group LLC now owns 10,612 shares of the utilities provider’s stock valued at $728,000 after acquiring an additional 152 shares during the period. AdvisorNet Financial Inc grew its position in shares of Southern by 1.2% during the 4th quarter. AdvisorNet Financial Inc now owns 13,082 shares of the utilities provider’s stock valued at $897,000 after acquiring an additional 157 shares during the period. Gleason Group Inc. grew its position in shares of Southern by 1.1% during the 4th quarter. Gleason Group Inc. now owns 15,034 shares of the utilities provider’s stock valued at $1,031,000 after acquiring an additional 158 shares during the period. Finally, Red Door Wealth Management LLC lifted its stake in Southern by 0.9% in the 4th quarter. Red Door Wealth Management LLC now owns 17,778 shares of the utilities provider’s stock valued at $1,219,000 after buying an additional 162 shares in the last quarter. 60.58% of the stock is currently owned by institutional investors.

In other news, CEO Stephen E. Kuczynski sold 14,500 shares of the firm’s stock in a transaction that occurred on Friday, April 8th. The shares were sold at an average price of $75.97, for a total transaction of $1,101,565.00. Following the completion of the sale, the chief executive officer now owns 115,284 shares in the company, valued at approximately $8,758,125.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bryan D. Anderson sold 26,917 shares of Southern stock in a transaction that occurred on Friday, April 8th. The shares were sold at an average price of $75.96, for a total transaction of $2,044,615.32. Following the completion of the sale, the executive vice president now owns 30,660 shares of the company’s stock, valued at approximately $2,328,933.60. The disclosure for this sale can be found here. Insiders have sold a total of 307,831 shares of company stock valued at $22,373,794 in the last 90 days. Insiders own 0.37% of the company’s stock.

SO opened at $67.69 on Thursday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.89 and a quick ratio of 0.70. The company’s 50 day simple moving average is $73.44 and its two-hundred day simple moving average is $69.98. The Southern Company has a 1-year low of $60.12 and a 1-year high of $77.24. The firm has a market capitalization of $71.92 billion, a price-to-earnings ratio of 31.34, a price-to-earnings-growth ratio of 4.71 and a beta of 0.48.

Southern (NYSE:SOGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.06. The business had revenue of $6.60 billion during the quarter, compared to the consensus estimate of $5.93 billion. Southern had a net margin of 10.09% and a return on equity of 11.35%. The business’s revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.98 EPS. On average, equities analysts anticipate that The Southern Company will post 3.56 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 6th. Stockholders of record on Monday, May 16th were issued a dividend of $0.68 per share. The ex-dividend date was Friday, May 13th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.02%. This is an increase from Southern’s previous quarterly dividend of $0.66. Southern’s dividend payout ratio (DPR) is currently 125.93%.

A number of brokerages recently weighed in on SO. Credit Suisse Group began coverage on shares of Southern in a research note on Monday, April 25th. They issued an “underperform” rating and a $77.00 price target on the stock. StockNews.com began coverage on shares of Southern in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Wells Fargo & Company raised their price target on shares of Southern from $68.00 to $80.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 19th. Mizuho raised their price target on shares of Southern from $67.00 to $76.00 and gave the company a “neutral” rating in a research note on Thursday, April 21st. Finally, Morgan Stanley decreased their target price on shares of Southern from $67.00 to $66.00 and set an “underweight” rating on the stock in a research note on Monday, May 23rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $72.88.

About Southern (Get Rating)

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates through Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services segments. 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, wholesale gas services, and gas pipeline investments operations.

Further Reading

Want to see what other hedge funds are holding SO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Southern Company (NYSE:SOGet Rating).

Institutional Ownership by Quarter for Southern (NYSE:SO)

Receive News & Ratings for Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern and related companies with MarketBeat.com's FREE daily email newsletter.