Southern Co (NYSE:SO) Shares Purchased by Gilbert & Cook Inc.

Gilbert & Cook Inc. raised its stake in shares of Southern Co (NYSE:SO) by 2.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,333 shares of the utilities provider’s stock after buying an additional 192 shares during the period. Gilbert & Cook Inc.’s holdings in Southern were worth $453,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Krane Funds Advisors LLC bought a new position in shares of Southern during the 2nd quarter valued at about $25,000. Lenox Wealth Advisors LLC bought a new position in shares of Southern during the 3rd quarter valued at about $25,000. KCS Wealth Advisory bought a new position in shares of Southern during the 3rd quarter valued at about $25,000. Atlantic Trust LLC bought a new position in shares of Southern during the 2nd quarter valued at about $28,000. Finally, Salomon & Ludwin LLC bought a new position in shares of Southern during the 2nd quarter valued at about $29,000. 58.51% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SO traded up $0.55 during midday trading on Friday, hitting $61.26. The stock had a trading volume of 3,825,674 shares, compared to its average volume of 3,796,997. Southern Co has a fifty-two week low of $42.50 and a fifty-two week high of $63.09. The business has a 50-day simple moving average of $61.54 and a two-hundred day simple moving average of $57.28. The firm has a market cap of $64.35 billion, a P/E ratio of 19.95, a price-to-earnings-growth ratio of 4.42 and a beta of 0.15. The company has a current ratio of 0.94, a quick ratio of 0.77 and a debt-to-equity ratio of 1.37.

Southern (NYSE:SO) last announced its earnings results on Wednesday, October 30th. The utilities provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.14 by $0.20. Southern had a net margin of 21.02% and a return on equity of 10.52%. The company had revenue of $6 billion during the quarter, compared to analysts’ expectations of $6.01 billion. During the same period last year, the company posted $1.14 earnings per share. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, analysts expect that Southern Co will post 3.09 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 18th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend is Friday, November 15th. Southern’s payout ratio is 80.78%.

Several equities analysts have recently weighed in on the stock. Morgan Stanley reduced their price objective on shares of Southern from $55.00 to $54.00 and set an “underweight” rating for the company in a research report on Friday, August 16th. Citigroup raised their price objective on shares of Southern from $55.00 to $61.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. ValuEngine lowered shares of Southern from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. UBS Group raised their price objective on shares of Southern from $58.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Finally, SunTrust Banks set a $59.00 price objective on shares of Southern and gave the company a “hold” rating in a research report on Tuesday, September 3rd. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. Southern presently has a consensus rating of “Hold” and a consensus price target of $56.80.

In related news, EVP James Y. Kerr II sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $60.16, for a total transaction of $1,504,000.00. Following the completion of the sale, the executive vice president now directly owns 67,655 shares in the company, valued at $4,070,124.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Stephen E. Kuczynski sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $58.28, for a total transaction of $116,560.00. Following the sale, the chief executive officer now owns 69,772 shares of the company’s stock, valued at $4,066,312.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 177,533 shares of company stock valued at $10,941,987. Corporate insiders own 0.88% of the company’s stock.

About Southern

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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