The Southern Company (NYSE:SO) Shares Bought by Drive Wealth Management LLC

Drive Wealth Management LLC grew its position in shares of The Southern Company (NYSE:SOFree Report) by 12.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,662 shares of the utilities provider’s stock after acquiring an additional 405 shares during the quarter. Drive Wealth Management LLC’s holdings in Southern were worth $257,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of SO. VisionPoint Advisory Group LLC acquired a new position in shares of Southern during the second quarter valued at $27,000. Intrepid Capital Management Inc. acquired a new stake in Southern in the second quarter worth about $30,000. BKM Wealth Management LLC acquired a new stake in Southern in the fourth quarter worth about $34,000. Sanctuary Wealth Management L.L.C. acquired a new stake in Southern in the fourth quarter worth about $34,000. Finally, VitalStone Financial LLC acquired a new stake in Southern in the second quarter worth about $35,000. Institutional investors and hedge funds own 64.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on SO. BMO Capital Markets reaffirmed an “outperform” rating and issued a $76.00 price objective (up previously from $72.00) on shares of Southern in a report on Monday. Wells Fargo & Company reduced their price objective on shares of Southern from $75.00 to $72.00 and set an “equal weight” rating for the company in a report on Friday, February 16th. Barclays reduced their price objective on shares of Southern from $68.00 to $67.00 and set an “equal weight” rating for the company in a report on Wednesday, January 17th. Citigroup initiated coverage on shares of Southern in a report on Friday, December 8th. They issued a “buy” rating and a $82.00 price target for the company. Finally, Mizuho upped their price target on shares of Southern from $73.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Southern presently has a consensus rating of “Hold” and a consensus target price of $74.00.

Read Our Latest Report on Southern

Insider Activity

In other news, CEO Stephen E. Kuczynski sold 5,000 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $66.94, for a total value of $334,700.00. Following the transaction, the chief executive officer now owns 129,552 shares in the company, valued at approximately $8,672,210.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider David P. Poroch sold 10,099 shares of the company’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $69.96, for a total value of $706,526.04. Following the transaction, the insider now owns 28,691 shares in the company, valued at approximately $2,007,222.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen E. Kuczynski sold 5,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $66.94, for a total value of $334,700.00. Following the completion of the transaction, the chief executive officer now owns 129,552 shares in the company, valued at approximately $8,672,210.88. The disclosure for this sale can be found here. Insiders have sold 25,998 shares of company stock worth $1,806,063 in the last 90 days. Company insiders own 0.37% of the company’s stock.

Southern Price Performance

NYSE SO opened at $71.35 on Wednesday. The stock’s 50-day moving average price is $68.59 and its two-hundred day moving average price is $68.89. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 1.62. The company has a market cap of $77.84 billion, a PE ratio of 19.66, a PEG ratio of 4.44 and a beta of 0.49. The Southern Company has a 1 year low of $61.56 and a 1 year high of $75.80.

Southern (NYSE:SOGet Free Report) last posted its quarterly earnings data on Thursday, February 15th. The utilities provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.05. The firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $6.90 billion. Southern had a return on equity of 11.40% and a net margin of 15.79%. The business’s revenue for the quarter was down 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.26 EPS. On average, analysts predict that The Southern Company will post 4 EPS for the current year.

Southern Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Tuesday, February 20th were issued a $0.70 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.92%. Southern’s dividend payout ratio is 77.14%.

Southern Company Profile

(Free Report)

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. 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, gas distribution operations, and gas pipeline investments operations.

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Institutional Ownership by Quarter for Southern (NYSE:SO)

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