Sather Financial Group Inc Acquires Shares of 9,000 Southern Company (The) (SO)

Sather Financial Group Inc acquired a new position in shares of Southern Company (The) (NYSE:SO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 9,000 shares of the utilities provider’s stock, valued at approximately $431,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Chicago Partners Investment Group LLC bought a new position in shares of Southern Company (The) during the second quarter valued at approximately $100,000. IHT Wealth Management LLC grew its stake in shares of Southern Company (The) by 15.3% during the first quarter. IHT Wealth Management LLC now owns 2,281 shares of the utilities provider’s stock valued at $115,000 after buying an additional 302 shares during the last quarter. Monroe Bank & Trust MI grew its stake in shares of Southern Company (The) by 17.9% during the second quarter. Monroe Bank & Trust MI now owns 2,300 shares of the utilities provider’s stock valued at $110,000 after buying an additional 350 shares during the last quarter. AlphaMark Advisors LLC grew its stake in shares of Southern Company (The) by 115.7% during the first quarter. AlphaMark Advisors LLC now owns 2,349 shares of the utilities provider’s stock valued at $117,000 after buying an additional 1,260 shares during the last quarter. Finally, Ruggie Capital Group grew its stake in shares of Southern Company (The) by 228.0% during the first quarter. Ruggie Capital Group now owns 2,578 shares of the utilities provider’s stock valued at $128,000 after buying an additional 1,792 shares during the last quarter. 52.88% of the stock is currently owned by institutional investors.

SO has been the topic of a number of analyst reports. Zacks Investment Research cut Southern Company (The) from a “hold” rating to a “sell” rating in a research note on Monday, September 11th. Jefferies Group LLC reaffirmed a “buy” rating and set a $56.00 target price (up previously from $55.00) on shares of Southern Company (The) in a research note on Tuesday, September 12th. KeyCorp reaffirmed a “hold” rating on shares of Southern Company (The) in a research note on Friday, September 1st. Mizuho raised Southern Company (The) from a “neutral” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Tuesday, September 5th. Finally, Bank of America Corporation reaffirmed an “underperform” rating and set a $51.00 target price on shares of Southern Company (The) in a research note on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $49.72.

Shares of Southern Company (NYSE:SO) opened at $51.82 on Tuesday. The company has a current ratio of 0.73, a quick ratio of 0.57 and a debt-to-equity ratio of 1.73. The firm has a market capitalization of $51,546.34, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 4.64 and a beta of 0.15. Southern Company has a twelve month low of $46.20 and a twelve month high of $53.51.

Southern Company (The) (NYSE:SO) last posted its earnings results on Wednesday, November 1st. The utilities provider reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.04. The company had revenue of $6.20 billion during the quarter, compared to analyst estimates of $6.16 billion. Southern Company (The) had a return on equity of 10.81% and a net margin of 2.59%. Southern Company (The)’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.27 earnings per share. equities analysts forecast that Southern Company will post 2.95 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 6th. Shareholders of record on Monday, November 20th will be issued a dividend of $0.58 per share. The ex-dividend date is Friday, November 17th. This represents a $2.32 dividend on an annualized basis and a yield of 4.48%. Southern Company (The)’s dividend payout ratio is currently 414.29%.

In other news, EVP Christopher C. Womack sold 46,641 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $53.00, for a total transaction of $2,471,973.00. Following the completion of the sale, the executive vice president now owns 56,799 shares in the company, valued at approximately $3,010,347. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP James Y. Kerr II sold 25,000 shares of the stock in a transaction on Friday, October 20th. The shares were sold at an average price of $52.16, for a total value of $1,304,000.00. Following the sale, the vice president now owns 26,000 shares of the company’s stock, valued at approximately $1,356,160. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 213,813 shares of company stock valued at $11,029,988. 0.74% of the stock is owned by company insiders.

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Southern Company (The) 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.

Institutional Ownership by Quarter for Southern Company (The) (NYSE:SO)

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