CENTRAL TRUST Co boosted its holdings in Southern Co (NYSE:SO) by 3.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,246 shares of the utilities provider’s stock after buying an additional 2,292 shares during the quarter. CENTRAL TRUST Co’s holdings in Southern were worth $2,954,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the business. Griffin Asset Management Inc. grew its holdings in shares of Southern by 0.7% during the third quarter. Griffin Asset Management Inc. now owns 53,323 shares of the utilities provider’s stock worth $2,325,000 after buying an additional 384 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services grew its holdings in shares of Southern by 4.5% during the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 9,335 shares of the utilities provider’s stock worth $410,000 after buying an additional 400 shares during the last quarter. Moody National Bank Trust Division grew its holdings in shares of Southern by 3.6% during the fourth quarter. Moody National Bank Trust Division now owns 18,448 shares of the utilities provider’s stock worth $811,000 after buying an additional 633 shares during the last quarter. IMS Capital Management purchased a new position in shares of Southern during the third quarter worth about $37,000. Finally, JGP Wealth Management LLC grew its holdings in shares of Southern by 1.1% during the third quarter. JGP Wealth Management LLC now owns 78,583 shares of the utilities provider’s stock worth $3,433,000 after buying an additional 887 shares during the last quarter. 56.52% of the stock is currently owned by institutional investors.
In other news, insider Mark Lantrip sold 9,000 shares of Southern stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $47.58, for a total transaction of $428,220.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kimberly S. Greene sold 15,000 shares of Southern stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $47.03, for a total transaction of $705,450.00. Following the sale, the chief executive officer now owns 9,380 shares of the company’s stock, valued at $441,141.40. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.
Shares of NYSE:SO opened at $45.88 on Wednesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.72 and a quick ratio of 0.58. The stock has a market capitalization of $46.00 billion, a P/E ratio of 15.19, a PEG ratio of 3.30 and a beta of 0.07. Southern Co has a 52 week low of $42.38 and a 52 week high of $49.43.
Southern (NYSE:SO) last posted its quarterly earnings results on Wednesday, November 7th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.07. Southern had a net margin of 10.35% and a return on equity of 12.88%. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same period last year, the firm earned $1.12 EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, sell-side analysts anticipate that Southern Co will post 3.03 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on the company. Barclays raised their price target on Southern from $48.00 to $49.00 and gave the stock a “hold” rating in a report on Monday, November 19th. UBS Group raised their price objective on shares of Southern from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Monday, October 29th. Mizuho restated a “hold” rating and issued a $46.00 price objective on shares of Southern in a research report on Tuesday, December 11th. Zacks Investment Research upgraded shares of Southern from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Tuesday, December 4th. Finally, Morgan Stanley reduced their price objective on shares of Southern from $45.00 to $44.00 and set a “sell” rating for the company in a research report on Friday, September 21st. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. Southern has a consensus rating of “Hold” and a consensus price target of $46.07.
The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company also constructs, acquires, owns, and manages power generation assets, including renewable energy facilities and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, New Jersey, Florida, Tennessee, and Maryland, as well as provides gas marketing services, wholesale gas services, and gas midstream operations.
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