PFG Advisors Buys 142 Shares of The Southern Company (NYSE:SO)

PFG Advisors lifted its stake in shares of The Southern Company (NYSE:SOGet Rating) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,712 shares of the utilities provider’s stock after acquiring an additional 142 shares during the quarter. PFG Advisors’ holdings in Southern were worth $336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Landmark Wealth Management LLC acquired a new stake in Southern during the first quarter worth approximately $25,000. IndexIQ Advisors LLC acquired a new stake in Southern during the first quarter worth approximately $25,000. Rise Advisors LLC acquired a new stake in Southern during the fourth quarter worth approximately $34,000. Hardy Reed LLC acquired a new stake in Southern during the first quarter worth approximately $36,000. Finally, Western Pacific Wealth Management LP acquired a new stake in Southern during the fourth quarter worth approximately $45,000. 62.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SO shares. BMO Capital Markets decreased their target price on Southern from $81.00 to $70.00 and set a “market perform” rating for the company in a research note on Wednesday, June 22nd. The Goldman Sachs Group raised their price objective on Southern from $53.00 to $61.00 and gave the company a “sell” rating in a research note on Monday, August 22nd. Argus raised their price objective on Southern from $83.00 to $87.00 and gave the company a “buy” rating in a research note on Wednesday, September 14th. Morgan Stanley reduced their price objective on Southern from $69.00 to $68.00 and set an “underweight” rating for the company in a research note on Thursday. Finally, UBS Group raised Southern from a “neutral” rating to a “buy” rating and raised their price objective for the company from $76.00 to $87.00 in a research note on Thursday, August 4th. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $75.58.

Southern Stock Down 0.2 %

SO stock opened at $75.94 on Friday. The Southern Company has a twelve month low of $60.99 and a twelve month high of $80.57. The company has a quick ratio of 0.67, a current ratio of 0.85 and a debt-to-equity ratio of 1.55. The stock’s 50 day moving average is $77.03 and its 200-day moving average is $74.00. The firm has a market capitalization of $80.72 billion, a PE ratio of 26.74, a P/E/G ratio of 5.24 and a beta of 0.50.

Southern (NYSE:SOGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The utilities provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.23. The business had revenue of $7.21 billion for the quarter, compared to analyst estimates of $5.31 billion. Southern had a return on equity of 12.09% and a net margin of 12.13%. Southern’s quarterly revenue was up 38.6% compared to the same quarter last year. During the same period last year, the company posted $0.84 earnings per share. Sell-side analysts expect that The Southern Company will post 3.63 EPS for the current fiscal year.

Southern Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Monday, August 15th were issued a dividend of $0.68 per share. The ex-dividend date was Friday, August 12th. This represents a $2.72 dividend on an annualized basis and a yield of 3.58%. Southern’s dividend payout ratio (DPR) is currently 95.77%.

Insider Buying and Selling

In related news, EVP James Y. Kerr II sold 25,000 shares of Southern stock in a transaction on Friday, July 29th. The stock was sold at an average price of $76.00, for a total transaction of $1,900,000.00. Following the sale, the executive vice president now directly owns 136,987 shares in the company, valued at $10,411,012. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Southern news, CEO Stephen E. Kuczynski sold 14,500 shares of the business’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $79.47, for a total value of $1,152,315.00. Following the sale, the chief executive officer now directly owns 115,284 shares in the company, valued at $9,161,619.48. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP James Y. Kerr II sold 25,000 shares of the business’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $76.00, for a total value of $1,900,000.00. Following the completion of the sale, the executive vice president now owns 136,987 shares in the company, valued at $10,411,012. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,000 shares of company stock worth $4,109,655. 0.37% of the stock is owned by company insiders.

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.

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Institutional Ownership by Quarter for Southern (NYSE:SO)

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