Stephen E. Kuczynski Sells 14,500 Shares of The Southern Company (NYSE:SO) Stock

The Southern Company (NYSE:SOGet Rating) CEO Stephen E. Kuczynski sold 14,500 shares of the company’s stock in a transaction dated Friday, June 10th. The stock was sold at an average price of $72.08, for a total value of $1,045,160.00. Following the completion of the transaction, the chief executive officer now directly owns 115,284 shares of the company’s stock, valued at approximately $8,309,670.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Stephen E. Kuczynski also recently made the following trade(s):

  • On Friday, April 8th, Stephen E. Kuczynski sold 14,500 shares of Southern stock. The stock was sold at an average price of $75.97, for a total value of $1,101,565.00.

Southern stock traded down $2.02 during midday trading on Monday, reaching $70.12. The company’s stock had a trading volume of 79,794 shares, compared to its average volume of 5,647,039. The business has a 50-day simple moving average of $74.79 and a 200-day simple moving average of $69.82. The company has a market cap of $74.50 billion, a P/E ratio of 32.46, a P/E/G ratio of 5.06 and a beta of 0.48. The Southern Company has a fifty-two week low of $60.12 and a fifty-two week high of $77.24. The company has a quick ratio of 0.70, a current ratio of 0.89 and a debt-to-equity ratio of 1.55.

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

The business also recently declared a quarterly dividend, which was paid on Monday, June 6th. Investors of record on Monday, May 16th were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, May 13th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.88%. This is a positive change from Southern’s previous quarterly dividend of $0.66. Southern’s dividend payout ratio (DPR) is currently 125.93%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SO. Landmark Wealth Management LLC purchased a new position in shares of Southern during the first quarter worth about $25,000. IndexIQ Advisors LLC acquired a new stake in Southern in the first quarter valued at about $25,000. Arlington Partners LLC acquired a new stake in Southern in the fourth quarter valued at about $27,000. First Community Trust NA acquired a new stake in Southern in the fourth quarter valued at about $27,000. Finally, Amplius Wealth Advisors LLC acquired a new stake in shares of Southern during the 4th quarter valued at approximately $28,000. 60.58% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on SO shares. Wells Fargo & Company upped their price target on Southern from $68.00 to $80.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 19th. Mizuho increased their price objective on Southern from $67.00 to $76.00 and gave the stock a “neutral” rating in a research report on Thursday, April 21st. Credit Suisse Group started coverage on Southern in a research report on Monday, April 25th. They issued an “underperform” rating and a $77.00 price objective for the company. Morgan Stanley lowered their price objective on Southern from $67.00 to $66.00 and set an “underweight” rating for the company in a research report on Monday, May 23rd. Finally, StockNews.com assumed coverage on Southern in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $73.29.

Southern Company Profile (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.

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