According to the latest disclosure filed with the Securities and Exchange Commission, (SEC), ) increased by 0.4% in the first quarter. The company owned 47,499 of the stock of the utilities provider after selling 177 during the period. Financial Advantage Inc. has a position in Southern of approximately 3.0%, which is its 13th biggest investment. Financial Advantage Inc. held Southern for $3,305,000 in its latest filing with the Securities and Exchange Commission.
Several other large investors also bought and sold the stock recently. Bell Investment Advisors Inc increased its shares of Southern in the fourth quarter by 127.6%. Bell Investment Advisors Inc owns now 421 shares worth $30,000 of the utilities provider stock after buying an additional 236 during the last quarter. Horizon Bancorp Inc. A new stake of $34,000 was purchased in Southern shares during the fourth quarter. Bourgeon Capital Management LLC increased its stake in Southern shares by 192.0% over the fourth quarter. Bourgeon Capital Management LLC owns 511 of the utilities provider’s stock, valued at $36,000. This is after purchasing an additional 336 share during the period. Miller Wealth Advisors LLC increased its stake in Southern shares by 66.7% over the last quarter. Miller Wealth Advisors LLC owns 500 shares worth $36,000 of the utilities provider stock after purchasing 200 additional shares. The price of the stock rose by $0.02 to $72.97 during Tuesday's midday trading. The company's shares were traded at a volume of 1,503,864 versus its average of 4,173,231. The company's current ratio is 0.69, its quick ratio is 0.51 and its debt-to equity ratio is 1.51. The company has a $79.57 billion market capitalization, a PEG of 5.08, and a P/E ratio of 23.52. It also has a beta value of 0.50. The Southern Company's low for the past twelve months is $58.85, and its high for that same period is $80.57. The company has a 50-day simple moving median of $70.67, and a 200-day simple moving medium of $69.67.
The last time ) released its quarterly earnings was on Thursday, April 27, 2018. The utilities provider posted $0.79 in earnings per share for the quarter. This was $0.08 higher than analysts' expectations of $0.71. Revenue for the quarter was $6.48 billion, which is higher than the $6.14 billion consensus estimate. Southern's return on equity was 10.78%, and its net margin was 11.53%. Southern's revenue for the quarter was down 2.5% compared to last year. In the same quarter last year, Southern earned $0.97 per share. Analysts expect The Southern Company to post 3.6 earnings per share for the current fiscal period.
Southern Announces Dividend
Recently, the company announced a quarterly distribution that will be paid out on September 6th. Investors who held shares on Monday, August 21, will receive a $0.70 dividend per share. This dividend will be paid on Friday, August 18. Dividend yield is 3.84%. This dividend represents $2.80 on an annualized base. Southern's payout is currently 90.32%.
Insider Buying & Selling
Insider David P. Poroch, in other Southern news: On Monday, 5th June, he sold 10,000 shares of Southern's stock. Stock was sold for $70.05 on average, resulting in a $700,500.00 total value. After the transaction was completed, the insider owns directly 28,691 shares of the company valued at $2.009,804.55. Thomas A. Fanning, the CEO of Southern, sold 50,000 shares in a deal that took place on May 10th. The stock was bought at $75.16 on average, a value of $3.758,000.00. After the transaction was completed, the CEO now owns directly 847,592 company shares, worth $63,705,014.72. Insider David P. Poroch also sold 10,000 shares in the firm on Monday, 5th June. The shares were sold for $70.05 on average, resulting in a $700,500.00 total value. After the completion of this transaction, the insider owns 28,691 of the company's shares, valued at $2,000,804.55. Insiders have sold 225 678 shares of stock in the company worth $16,334,121 over the past three months. Corporate insiders own 0.37%.
Wall Street analysts weigh in
Recently, several analysts published reports about the company. Mizuho reduced their price target for Southern on Tuesday, 16th May from $77.00 down to $76.00. Morgan Stanley reiterated an 'underweight rating' and set a price target of $60.00 on Southern shares in a Friday research note. In a research report published on Monday, 3rd July, Goldman Sachs Group upgraded Southern's rating from a "buy" to a "conviction-buy". JPMorgan Chase & Co. reduced their target price for Southern in a research report on Thursday, 8th June from $73.00 down to $69.00. Guggenheim reduced their target price for Southern in a research report on Friday, 7th July from $79.00 down to $77.00. Four analysts have given the company a sell recommendation, three have given it a hold recommendation, six have given it a buy recommendation and one analyst has given the firm a strong-buy rating. According to MarketBeat the company's consensus rating is 'Hold' with an average price of $73.36.
Southern Company is engaged in electricity generation, transmission and distribution through its subsidiaries. Gas Distribution Operations (GDO), Gas Pipeline Investments (GPI) and Gas Marketing Services (GMS) are its three main segments. It also owns and manages renewable energy projects, develops and constructs power generation assets and sells electricity on the wholesale market, distributes natural gases in Illinois, Georgia and Tennessee and provides gas marketing service, gas distribution operations and gas pipeline investment operations.
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