CVA Family Office LLC Purchases New Holdings in The Southern Company (NYSE:SO)

CVA Family Office LLC bought a new stake in shares of The Southern Company (NYSE:SOFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,939 shares of the utilities provider’s stock, valued at approximately $136,000.

Other hedge funds have also recently modified their holdings of the company. Insigneo Advisory Services LLC grew its position in Southern by 3.1% in the 3rd quarter. Insigneo Advisory Services LLC now owns 4,883 shares of the utilities provider’s stock valued at $316,000 after acquiring an additional 146 shares during the last quarter. STAR Financial Bank grew its holdings in shares of Southern by 2.4% in the second quarter. STAR Financial Bank now owns 6,322 shares of the utilities provider’s stock worth $444,000 after purchasing an additional 150 shares during the last quarter. Willis Johnson & Associates Inc. lifted its holdings in Southern by 3.6% during the 4th quarter. Willis Johnson & Associates Inc. now owns 4,365 shares of the utilities provider’s stock valued at $306,000 after buying an additional 151 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. boosted its position in Southern by 0.4% in the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 38,605 shares of the utilities provider’s stock valued at $2,757,000 after buying an additional 151 shares during the period. Finally, Atticus Wealth Management LLC grew its stake in Southern by 30.4% in the 3rd quarter. Atticus Wealth Management LLC now owns 652 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 152 shares in the last quarter. Institutional investors own 64.10% of the company’s stock.

Southern Trading Down 0.0 %

NYSE SO opened at $69.78 on Tuesday. The firm has a market cap of $76.13 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 4.36 and a beta of 0.49. The Southern Company has a 52 week low of $61.56 and a 52 week high of $75.80. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 1.62. The company has a 50 day moving average price of $68.45 and a 200 day moving average price of $68.80.

Southern (NYSE:SOGet Free Report) last issued its quarterly earnings results on Thursday, February 15th. The utilities provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. The business had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $6.90 billion. Southern had a return on equity of 11.40% and a net margin of 15.79%. The business’s quarterly revenue was down 14.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 earnings per share. As a group, sell-side analysts forecast that The Southern Company will post 4 EPS for the current fiscal year.

Southern Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.70 per share. The ex-dividend date was Friday, February 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.01%. Southern’s payout ratio is 77.14%.

Insider Activity

In related news, insider David P. Poroch sold 10,099 shares of Southern stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $69.96, for a total value of $706,526.04. Following the completion of the sale, the insider now directly owns 28,691 shares in the company, valued at approximately $2,007,222.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider David P. Poroch sold 10,099 shares of the firm’s 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 completion of the transaction, the insider now owns 28,691 shares in the company, valued at approximately $2,007,222.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christopher Cummiskey sold 899 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $67.06, for a total value of $60,286.94. Following the sale, the executive vice president now owns 22,502 shares in the company, valued at approximately $1,508,984.12. The disclosure for this sale can be found here. Insiders have sold a total of 25,998 shares of company stock worth $1,806,063 over the last 90 days. 0.37% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on SO shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $80.00 price target on shares of Southern in a research note on Wednesday, February 21st. Barclays lowered their target price on Southern from $68.00 to $67.00 and set an “equal weight” rating for the company in a report on Wednesday, January 17th. BMO Capital Markets decreased their price objective on Southern from $75.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, February 16th. Wells Fargo & Company dropped their target price on shares of Southern from $75.00 to $72.00 and set an “equal weight” rating on the stock in a report on Friday, February 16th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Southern from $69.00 to $72.00 and gave the company an “underweight” rating in a report on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $73.46.

Get Our Latest Analysis on SO

Southern Company 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.

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Institutional Ownership by Quarter for Southern (NYSE:SO)

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