HBK Sorce Advisory LLC raised its stake in shares of Southern Co (NYSE:SO) by 18.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,215 shares of the utilities provider’s stock after purchasing an additional 1,931 shares during the period. HBK Sorce Advisory LLC’s holdings in Southern were worth $587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. Taylor Hoffman Wealth Management bought a new position in shares of Southern during the fourth quarter valued at approximately $104,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of Southern during the third quarter valued at approximately $105,000. Fieldpoint Private Securities LLC bought a new position in shares of Southern during the third quarter valued at approximately $118,000. Acropolis Investment Management LLC bought a new position in shares of Southern during the fourth quarter valued at approximately $134,000. Finally, Bank of Nova Scotia Trust Co. bought a new position in shares of Southern during the third quarter valued at approximately $147,000. Institutional investors and hedge funds own 56.44% of the company’s stock.
A number of research firms have recently commented on SO. Zacks Investment Research raised Southern from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Tuesday, December 12th. Mizuho reaffirmed a “buy” rating and set a $55.00 target price on shares of Southern in a research note on Friday, December 8th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Southern in a research note on Friday, December 22nd. SunTrust Banks reaffirmed a “hold” rating and set a $50.00 target price on shares of Southern in a research note on Tuesday, December 26th. Finally, Guggenheim reaffirmed a “buy” rating and set a $52.00 target price on shares of Southern in a research note on Wednesday, January 3rd. Seven equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. Southern has an average rating of “Hold” and an average target price of $49.41.
Southern Co (NYSE SO) opened at $44.19 on Friday. Southern Co has a 52 week low of $42.38 and a 52 week high of $53.51. The stock has a market capitalization of $44,550.54, a P/E ratio of 51.99, a P/E/G ratio of 3.38 and a beta of 0.07. 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 (NYSE:SO) last announced its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.17 billion. During the same quarter in the prior year, the firm earned $0.24 earnings per share. Southern’s revenue was up 8.6% compared to the same quarter last year. analysts expect that Southern Co will post 2.9 EPS for the current year.
The company also recently disclosed 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 annualized dividend and a yield of 5.25%. Southern’s dividend payout ratio (DPR) is currently 272.94%.
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Southern Company Profile
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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