PFW Advisors LLC Sells 356 Shares of The Southern Company (NYSE:SO)

PFW Advisors LLC decreased its holdings in The Southern Company (NYSE:SOFree Report) by 5.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,151 shares of the utilities provider’s stock after selling 356 shares during the period. PFW Advisors LLC’s holdings in Southern were worth $441,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Voisard Asset Management Group Inc. bought a new stake in Southern during the fourth quarter valued at about $31,000. Scarborough Advisors LLC acquired a new stake in Southern in the fourth quarter valued at approximately $31,000. Versant Capital Management Inc grew its holdings in Southern by 62.0% in the first quarter. Versant Capital Management Inc now owns 444 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 170 shares during the last quarter. BKM Wealth Management LLC acquired a new position in shares of Southern during the fourth quarter worth $34,000. Finally, Valley National Advisers Inc. lifted its holdings in shares of Southern by 63.9% during the 4th quarter. Valley National Advisers Inc. now owns 526 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 205 shares during the last quarter. Institutional investors own 64.10% of the company’s stock.

Southern Price Performance

Shares of NYSE SO traded down $0.41 during trading on Friday, hitting $78.46. The company had a trading volume of 8,477,907 shares, compared to its average volume of 3,576,425. The Southern Company has a fifty-two week low of $61.56 and a fifty-two week high of $80.84. The company has a quick ratio of 0.65, a current ratio of 0.92 and a debt-to-equity ratio of 1.67. The stock has a fifty day simple moving average of $76.73 and a two-hundred day simple moving average of $72.03. The firm has a market capitalization of $85.79 billion, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 2.84 and a beta of 0.51.

Southern (NYSE:SOGet Free Report) last released its earnings results on Thursday, May 2nd. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.13. Southern had a return on equity of 12.07% and a net margin of 16.74%. The business had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $6.59 billion. During the same quarter last year, the business posted $0.79 earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, research analysts expect that The Southern Company will post 3.99 earnings per share for the current year.

Southern Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Monday, May 20th were given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.67%. This is a boost from Southern’s previous quarterly dividend of $0.70. The ex-dividend date was Friday, May 17th. Southern’s dividend payout ratio is 74.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. UBS Group cut Southern from a “buy” rating to a “neutral” rating and decreased their price target for the company from $78.00 to $76.00 in a research note on Thursday, April 4th. Mizuho lifted their price target on Southern from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Bank of America raised their price objective on Southern from $73.00 to $79.00 and gave the stock a “neutral” rating in a research note on Friday, May 31st. Morgan Stanley lifted their price objective on shares of Southern from $67.00 to $74.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 28th. Finally, Scotiabank reduced their target price on shares of Southern from $80.00 to $77.00 and set a “sector outperform” rating for the company in a report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.36.

Read Our Latest Stock Report on SO

Insider Transactions at Southern

In related news, CEO Kimberly S. Greene sold 9,126 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $75.04, for a total transaction of $684,815.04. Following the completion of the sale, the chief executive officer now owns 121,504 shares of the company’s stock, valued at approximately $9,117,660.16. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.18% of the company’s stock.

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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