Southern Co (SO) Holdings Raised by Good Life Advisors LLC

Good Life Advisors LLC boosted its position in Southern Co (NYSE:SO) by 19.1% during the first quarter, Holdings Channel reports. The fund owned 13,251 shares of the utilities provider’s stock after acquiring an additional 2,122 shares during the period. Good Life Advisors LLC’s holdings in Southern were worth $679,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sontag Advisory LLC bought a new stake in shares of Southern during the 4th quarter valued at about $25,000. Tompkins Financial Corp bought a new stake in shares of Southern during the 1st quarter valued at about $28,000. Lee Financial Co boosted its stake in shares of Southern by 144.4% during the 1st quarter. Lee Financial Co now owns 550 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 325 shares in the last quarter. Ellis Investment Partners LLC bought a new stake in shares of Southern during the 1st quarter valued at about $29,000. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Southern by 38.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 798 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 220 shares in the last quarter. 56.69% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE SO opened at $54.35 on Friday. Southern Co has a 1 year low of $42.50 and a 1 year high of $54.76. The stock has a market cap of $56.14 billion, a P/E ratio of 17.70, a price-to-earnings-growth ratio of 3.96 and a beta of 0.21. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.88 and a quick ratio of 0.69.

Southern (NYSE:SO) last issued its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $0.70 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.70. Southern had a net margin of 15.03% and a return on equity of 10.37%. The company had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.66 billion. During the same period last year, the company posted $0.88 EPS. Southern’s revenue was down 15.1% on a year-over-year basis. As a group, research analysts forecast that Southern Co will post 3.03 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Monday, May 20th will be issued a $0.62 dividend. The ex-dividend date is Friday, May 17th. This is a boost from Southern’s previous quarterly dividend of $0.60. This represents a $2.48 annualized dividend and a yield of 4.56%. Southern’s payout ratio is 80.78%.

A number of brokerages have recently weighed in on SO. Zacks Investment Research lowered shares of Southern from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine raised shares of Southern from a “hold” rating to a “buy” rating in a research report on Friday, May 10th. Evercore ISI raised shares of Southern from an “in-line” rating to an “outperform” rating in a research report on Friday, May 3rd. Credit Suisse Group set a $51.00 price target on shares of Southern and gave the company a “sell” rating in a research report on Monday, April 22nd. Finally, SunTrust Banks reissued a “hold” rating and set a $52.00 price target on shares of Southern in a research report on Monday, February 25th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $48.23.

In other news, Director Henry A. Clark III bought 2,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was acquired at an average cost of $50.19 per share, with a total value of $100,380.00. Following the completion of the acquisition, the director now owns 2,000 shares of the company’s stock, valued at $100,380. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Christopher C. Womack sold 18,922 shares of Southern stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $50.36, for a total transaction of $952,911.92. Following the completion of the transaction, the executive vice president now directly owns 10,165 shares of the company’s stock, valued at $511,909.40. The disclosure for this sale can be found here. Insiders sold 271,035 shares of company stock valued at $13,920,112 over the last ninety days. Corporate insiders own 0.73% of the company’s stock.

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Southern Profile

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates in four segments: Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services. 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, and Tennessee, as well as provides gas marketing services, wholesale gas services, and gas pipeline investments operations.

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Institutional Ownership by Quarter for Southern (NYSE:SO)

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