CapWealth Advisors LLC Has $1.51 Million Stock Holdings in The Southern Company (NYSE:SO)

CapWealth Advisors LLC lessened its stake in shares of The Southern Company (NYSE:SOGet Rating) by 1.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 20,826 shares of the utilities provider’s stock after selling 406 shares during the quarter. CapWealth Advisors LLC’s holdings in Southern were worth $1,510,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Carson Advisory Inc. increased its position in Southern by 2.1% during the first quarter. Carson Advisory Inc. now owns 72,742 shares of the utilities provider’s stock worth $5,275,000 after acquiring an additional 1,524 shares during the period. XML Financial LLC increased its position in Southern by 3.6% during the first quarter. XML Financial LLC now owns 5,904 shares of the utilities provider’s stock worth $428,000 after acquiring an additional 205 shares during the period. Patton Albertson Miller Group LLC increased its position in Southern by 5.0% during the first quarter. Patton Albertson Miller Group LLC now owns 19,182 shares of the utilities provider’s stock worth $1,391,000 after acquiring an additional 907 shares during the period. Verdence Capital Advisors LLC increased its holdings in Southern by 10.8% in the 1st quarter. Verdence Capital Advisors LLC now owns 26,757 shares of the utilities provider’s stock valued at $1,940,000 after buying an additional 2,612 shares during the period. Finally, Gilbert & Cook Inc. increased its holdings in Southern by 3.1% in the 1st quarter. Gilbert & Cook Inc. now owns 9,651 shares of the utilities provider’s stock valued at $700,000 after buying an additional 292 shares during the period. 60.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on SO shares. UBS Group decreased their target price on shares of Southern from $83.00 to $76.00 and set a “neutral” rating on the stock in a report on Thursday, June 30th. Wells Fargo & Company raised their target price on shares of Southern from $68.00 to $80.00 and gave the company an “equal weight” rating in a report on Tuesday, April 19th. Seaport Res Ptn reissued a “buy” rating on shares of Southern in a report on Thursday, June 30th. Barclays decreased their target price on shares of Southern from $82.00 to $79.00 and set an “overweight” rating on the stock in a report on Monday, July 18th. Finally, StockNews.com assumed coverage on shares of Southern in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $74.60.

Insider Buying and Selling

In other news, CEO Stephen E. Kuczynski sold 14,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $72.92, for a total value of $1,057,340.00. Following the transaction, the chief executive officer now owns 115,284 shares in the company, valued at approximately $8,406,509.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 43,500 shares of company stock worth $3,183,910 in the last ninety days. Company insiders own 0.37% of the company’s stock.

Southern Trading Up 1.5 %

SO opened at $71.94 on Monday. The company’s 50 day moving average is $71.97 and its 200-day moving average is $70.73. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.55. The Southern Company has a 1-year low of $60.99 and a 1-year high of $77.24. The company has a market cap of $76.44 billion, a P/E ratio of 33.31, a PEG ratio of 5.04 and a beta of 0.49.

Southern (NYSE:SOGet Rating) last posted its earnings results on Thursday, April 28th. The utilities provider reported $0.97 EPS for the quarter, topping the consensus estimate of $0.91 by $0.06. Southern had a net margin of 10.09% and a return on equity of 11.35%. The business had revenue of $6.60 billion for the quarter, compared to the consensus estimate of $5.93 billion. During the same period last year, the company earned $0.98 EPS. The firm’s revenue was up 11.7% compared to the same quarter last year. Equities research analysts predict that The Southern Company will post 3.57 earnings per share for the current fiscal year.

Southern Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 6th. Investors of record on Monday, August 15th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, August 12th. This represents a $2.72 annualized dividend and a yield of 3.78%. Southern’s dividend payout ratio is presently 125.93%.

Southern 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.

See Also

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)

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