Cetera Investment Advisers lifted its holdings in shares of Southern Co (NYSE:SO) by 48.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,187 shares of the utilities provider’s stock after acquiring an additional 7,931 shares during the period. Cetera Investment Advisers’ holdings in Southern were worth $1,164,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. AlphaMark Advisors LLC grew its stake in Southern by 0.6% during the 2nd quarter. AlphaMark Advisors LLC now owns 2,363 shares of the utilities provider’s stock worth $113,000 after buying an additional 14 shares during the last quarter. South Texas Money Management Ltd. grew its stake in Southern by 0.3% during the 2nd quarter. South Texas Money Management Ltd. now owns 7,084 shares of the utilities provider’s stock worth $339,000 after buying an additional 19 shares during the last quarter. WMS Partners LLC grew its stake in Southern by 0.6% during the 2nd quarter. WMS Partners LLC now owns 4,387 shares of the utilities provider’s stock worth $210,000 after buying an additional 25 shares during the last quarter. Jackson Grant Investment Advisers Inc. grew its stake in Southern by 1.2% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 3,317 shares of the utilities provider’s stock worth $159,000 after buying an additional 38 shares during the last quarter. Finally, Strategic Advisors LLC grew its stake in Southern by 0.7% during the 2nd quarter. Strategic Advisors LLC now owns 6,842 shares of the utilities provider’s stock worth $328,000 after buying an additional 47 shares during the last quarter. 55.80% of the stock is currently owned by institutional investors and hedge funds.
Shares of Southern Co (SO) traded down $0.26 during mid-day trading on Thursday, hitting $43.41. The company’s stock had a trading volume of 6,059,678 shares, compared to its average volume of 8,280,000. The company has a quick ratio of 0.59, a current ratio of 0.74 and a debt-to-equity ratio of 1.84. Southern Co has a one year low of $42.38 and a one year high of $53.51. The stock has a market cap of $43,570.00, a P/E ratio of 77.52, a P/E/G ratio of 3.36 and a beta of 0.07.
Southern (NYSE:SO) last posted its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.05. Southern had a return on equity of 11.96% and a net margin of 3.82%. The firm had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.17 billion. During the same period in the previous year, the business earned $0.24 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. research analysts expect that Southern Co will post 2.92 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 6th. Investors of record on Tuesday, February 20th were paid a $0.58 dividend. The ex-dividend date was Friday, February 16th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 5.34%. Southern’s dividend payout ratio (DPR) is presently 414.29%.
A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Southern in a research note on Friday, January 12th. They set an “underweight” rating and a $46.00 price target on the stock. Mizuho restated a “buy” rating and set a $52.00 price target on shares of Southern in a research note on Tuesday, December 26th. SunTrust Banks restated a “hold” rating and set a $45.00 price target on shares of Southern in a research note on Tuesday. Morgan Stanley dropped their price target on Southern from $48.00 to $44.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 13th. Finally, Credit Suisse Group reiterated an “underperform” rating and issued a $45.00 target price (down from $46.00) on shares of Southern in a research note on Tuesday, February 27th. Seven analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. Southern has a consensus rating of “Hold” and an average target price of $49.41.
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The Southern Company (Southern Company) is a holding company. The Company owns all of the stock of the traditional electric operating companies and the parent entities of Southern Power Company (Southern Power) and Southern Company Gas, and owns other direct and indirect subsidiaries. The Company’s segments include Gas distribution operations, Gas marketing services, Wholesale gas services, Gas midstream operations and All other.
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