Buck Wealth Strategies LLC Has $561,000 Stake in The Southern Company (NYSE:SO)

Buck Wealth Strategies LLC reduced its holdings in The Southern Company (NYSE:SOFree Report) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,000 shares of the utilities provider’s stock after selling 282 shares during the period. Buck Wealth Strategies LLC’s holdings in Southern were worth $561,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in SO. Norges Bank acquired a new stake in Southern in the 4th quarter valued at $435,979,000. Moneta Group Investment Advisors LLC acquired a new stake in Southern in the 4th quarter valued at $369,131,000. Ameriprise Financial Inc. boosted its stake in Southern by 38.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 7,547,188 shares of the utilities provider’s stock valued at $488,461,000 after buying an additional 2,096,988 shares in the last quarter. Imprint Wealth LLC boosted its stake in Southern by 5,840.2% in the 2nd quarter. Imprint Wealth LLC now owns 1,949,392 shares of the utilities provider’s stock valued at $194,939,000 after buying an additional 1,916,575 shares in the last quarter. Finally, FMR LLC boosted its stake in Southern by 5.0% in the 3rd quarter. FMR LLC now owns 38,906,760 shares of the utilities provider’s stock valued at $2,518,045,000 after buying an additional 1,838,857 shares in the last quarter. 64.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SO. BMO Capital Markets reissued an “outperform” rating and issued a $76.00 price objective (up previously from $72.00) on shares of Southern in a research note on Monday. Citigroup began coverage on Southern in a research note on Friday, December 8th. They issued a “buy” rating and a $82.00 price objective on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $80.00 price objective on shares of Southern in a research note on Wednesday, February 21st. Mizuho boosted their target price on Southern from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Wells Fargo & Company dropped their target price on Southern from $75.00 to $72.00 and set an “equal weight” rating for the company in a research report on Friday, February 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $74.00.

Get Our Latest Report on SO

Southern Stock Up 0.4 %

Shares of SO stock traded up $0.25 on Tuesday, hitting $71.35. 3,829,476 shares of the stock were exchanged, compared to its average volume of 4,572,321. 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 firm has a market capitalization of $77.84 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 4.48 and a beta of 0.49. The business has a 50-day moving average of $68.59 and a 200 day moving average of $68.89. The Southern Company has a fifty-two week low of $61.56 and a fifty-two week high of $75.80.

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

Southern Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Tuesday, February 20th were given 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 payout ratio is 77.14%.

Insider Activity

In other news, insider David P. Poroch sold 10,099 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $69.96, for a total transaction of $706,526.04. Following the transaction, the insider now owns 28,691 shares in the company, valued at $2,007,222.36. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Southern news, CEO Stephen E. Kuczynski sold 5,000 shares of the firm’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $71.99, for a total value of $359,950.00. Following the sale, the chief executive officer now owns 101,284 shares of the company’s stock, valued at approximately $7,291,435.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David P. Poroch sold 10,099 shares of the business’s stock in a transaction on 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 directly owns 28,691 shares of the company’s stock, valued at approximately $2,007,222.36. The disclosure for this sale can be found here. Insiders sold a total of 25,998 shares of company stock valued at $1,806,063 over the last three months. Insiders own 0.37% of the company’s stock.

Southern 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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