Radnor Capital Management LLC Raises Holdings in The Southern Company (NYSE:SO)

Radnor Capital Management LLC raised its holdings in shares of The Southern Company (NYSE:SOFree Report) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,500 shares of the utilities provider’s stock after acquiring an additional 300 shares during the quarter. Radnor Capital Management LLC’s holdings in Southern were worth $316,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in SO. VisionPoint Advisory Group LLC acquired a new stake in shares of Southern in the 2nd quarter valued at about $27,000. Intrepid Capital Management Inc. acquired a new stake in shares of Southern in the 2nd quarter valued at about $30,000. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Southern in the 4th quarter valued at about $34,000. BKM Wealth Management LLC acquired a new stake in shares of Southern in the 4th quarter valued at about $34,000. Finally, VitalStone Financial LLC acquired a new stake in shares of Southern in the 2nd quarter valued at about $35,000. 62.85% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Southern

In related news, insider David P. Poroch sold 10,099 shares of Southern 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 owns 28,691 shares in the company, valued at $2,007,222.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Christopher Cummiskey sold 899 shares of Southern stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $67.06, for a total transaction of $60,286.94. Following the sale, the executive vice president now directly owns 22,502 shares of the company’s stock, valued at $1,508,984.12. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider David P. Poroch sold 10,099 shares of Southern stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $69.96, for a total value of $706,526.04. Following the sale, the insider now directly owns 28,691 shares in the company, valued at $2,007,222.36. The disclosure for this sale can be found here. Insiders have sold 25,998 shares of company stock worth $1,806,063 over the last quarter. 0.28% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SO shares. Wells Fargo & Company decreased 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. Barclays decreased their price objective on Southern from $68.00 to $67.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 17th. Citigroup began coverage on Southern in a research report on Friday, December 8th. They set a “buy” rating and a $82.00 price objective for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $80.00 price objective on shares of Southern in a research report on Wednesday, February 21st. Finally, BMO Capital Markets cut their target price on Southern from $75.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $73.46.

Check Out Our Latest Stock Analysis on Southern

Southern Stock Performance

NYSE SO opened at $70.20 on Thursday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.77 and a quick ratio of 0.56. The business has a 50 day moving average price of $68.50 and a 200 day moving average price of $68.74. The company has a market capitalization of $76.59 billion, a P/E ratio of 19.34, a PEG ratio of 4.38 and a beta of 0.49. The Southern Company has a 1-year low of $61.56 and a 1-year high of $75.80.

Southern (NYSE:SOGet Free Report) last posted its quarterly earnings data on Thursday, February 15th. The utilities provider reported $0.64 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $6.90 billion. During the same quarter last year, the firm earned $0.26 earnings per share. The business’s revenue was down 14.2% on a year-over-year basis. Sell-side analysts expect that The Southern Company will post 4 EPS for the current fiscal 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 issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend was Friday, February 16th. Southern’s dividend payout ratio (DPR) is 77.14%.

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.

See Also

Want to see what other hedge funds are holding SO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Southern Company (NYSE:SOFree Report).

Institutional Ownership by Quarter for Southern (NYSE:SO)

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