Mirador Capital Partners LP Has $468,000 Stock Position in The Southern Company (NYSE:SO)

Mirador Capital Partners LP boosted its holdings in shares of The Southern Company (NYSE:SO) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,684 shares of the utilities provider’s stock after buying an additional 163 shares during the quarter. Mirador Capital Partners LP’s holdings in Southern were worth $468,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Frazier Financial Advisors LLC lifted its holdings in Southern by 168.1% during the 3rd quarter. Frazier Financial Advisors LLC now owns 311 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 195 shares during the last quarter. West Branch Capital LLC boosted its holdings in shares of Southern by 34.7% during the 3rd quarter. West Branch Capital LLC now owns 501 shares of the utilities provider’s stock worth $45,000 after buying an additional 129 shares during the period. Quarry LP acquired a new stake in Southern during the third quarter worth approximately $49,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Southern during the third quarter worth approximately $49,000. Finally, Activest Wealth Management acquired a new position in shares of Southern in the third quarter valued at approximately $54,000. Institutional investors own 64.10% of the company’s stock.

Analyst Upgrades and Downgrades

SO has been the topic of a number of research reports. Morgan Stanley decreased their price objective on Southern from $88.00 to $85.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Barclays increased their target price on shares of Southern from $71.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Jefferies Financial Group assumed coverage on Southern in a research note on Friday, September 20th. They issued a “hold” rating and a $94.00 price target for the company. Scotiabank increased their target price on Southern from $96.00 to $98.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Finally, BMO Capital Markets decreased their target price on shares of Southern from $99.00 to $97.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $90.14.

Insider Transactions at Southern

In other Southern news, EVP Martin Bernard Davis sold 1,170 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $85.90, for a total value of $100,503.00. Following the transaction, the executive vice president now directly owns 88,393 shares of the company’s stock, valued at approximately $7,592,958.70. The trade was a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Southern Stock Performance

NYSE:SO opened at $82.47 on Thursday. The stock’s 50-day moving average is $84.96 and its 200-day moving average is $86.19. The stock has a market cap of $90.36 billion, a P/E ratio of 19.18, a price-to-earnings-growth ratio of 2.77 and a beta of 0.52. The Southern Company has a 1-year low of $65.80 and a 1-year high of $94.45. The company has a current ratio of 0.91, a quick ratio of 0.66 and a debt-to-equity ratio of 1.66.

Southern (NYSE:SO) last issued its quarterly earnings data on Thursday, October 31st. The utilities provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.10. Southern had a net margin of 17.87% and a return on equity of 12.78%. The company had revenue of $7.27 billion for the quarter, compared to analysts’ expectations of $7.14 billion. During the same quarter in the previous year, the firm posted $1.42 earnings per share. Southern’s revenue for the quarter was up 4.2% on a year-over-year basis. Equities research analysts anticipate that The Southern Company will post 4.04 earnings per share for the current year.

About Southern

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.