8,528 Shares in The Southern Company (NYSE:SO) Acquired by SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new position in The Southern Company (NYSE:SO) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,528 shares of the utilities provider’s stock, valued at approximately $702,000.

A number of other institutional investors have also made changes to their positions in the stock. Abel Hall LLC lifted its stake in Southern by 1.8% in the third quarter. Abel Hall LLC now owns 6,830 shares of the utilities provider’s stock valued at $616,000 after buying an additional 120 shares during the last quarter. Birchcreek Wealth Management LLC raised its holdings in Southern by 4.5% during the third quarter. Birchcreek Wealth Management LLC now owns 2,836 shares of the utilities provider’s stock worth $256,000 after purchasing an additional 121 shares during the last quarter. Truvestments Capital LLC lifted its holdings in shares of Southern by 4.3% in the third quarter. Truvestments Capital LLC now owns 3,011 shares of the utilities provider’s stock valued at $272,000 after purchasing an additional 123 shares in the last quarter. Richard W. Paul & Associates LLC boosted its stake in shares of Southern by 15.9% during the 4th quarter. Richard W. Paul & Associates LLC now owns 895 shares of the utilities provider’s stock worth $74,000 after purchasing an additional 123 shares during the last quarter. Finally, Hobbs Group Advisors LLC grew its position in shares of Southern by 8.0% in the third quarter. Hobbs Group Advisors LLC now owns 1,678 shares of the utilities provider’s stock valued at $151,000 after purchasing an additional 125 shares during the period. 64.10% of the stock is currently owned by institutional investors and hedge funds.

Southern Stock Performance

SO opened at $90.07 on Wednesday. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.67 and a quick ratio of 0.66. The business’s 50-day moving average price is $85.43 and its two-hundred day moving average price is $87.07. The company has a market capitalization of $98.79 billion, a price-to-earnings ratio of 22.46, a P/E/G ratio of 3.01 and a beta of 0.46. The Southern Company has a 1 year low of $67.53 and a 1 year high of $94.45.

Southern (NYSE:SO) last issued its quarterly earnings data on Thursday, February 20th. The utilities provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). Southern had a net margin of 16.47% and a return on equity of 12.23%. The firm had revenue of $6.34 billion during the quarter, compared to analyst estimates of $5.90 billion. Equities analysts expect that The Southern Company will post 4.29 EPS for the current fiscal year.

Southern Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend was Tuesday, February 18th. Southern’s dividend payout ratio is presently 71.82%.

Insider Activity at Southern

In other Southern news, CEO James Jeffrey Peoples sold 14,540 shares of Southern stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $86.00, for a total transaction of $1,250,440.00. Following the transaction, the chief executive officer now directly owns 13,236 shares of the company’s stock, valued at $1,138,296. The trade was a 52.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Martin Bernard Davis sold 1,125 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $89.61, for a total value of $100,811.25. Following the completion of the transaction, the executive vice president now directly owns 102,090 shares of the company’s stock, valued at approximately $9,148,284.90. This represents a 1.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,855 shares of company stock worth $4,348,784 in the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on SO. Guggenheim downgraded shares of Southern from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Mizuho lifted their price target on Southern from $83.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Morgan Stanley lowered their price objective on shares of Southern from $88.00 to $85.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Finally, Scotiabank lifted their price objective on shares of Southern from $96.00 to $98.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $90.54.

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.