UMB Bank n.a. Decreases Position in The Southern Company (NYSE:SO)

UMB Bank n.a. cut its stake in The Southern Company (NYSE:SOFree Report) by 16.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,597 shares of the utilities provider’s stock after selling 16,832 shares during the period. UMB Bank n.a.’s holdings in Southern were worth $6,002,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SO. Rockline Wealth Management LLC acquired a new position in shares of Southern during the fourth quarter worth $1,945,000. Bollard Group LLC increased its holdings in shares of Southern by 1.0% in the 2nd quarter. Bollard Group LLC now owns 431,500 shares of the utilities provider’s stock valued at $30,313,000 after acquiring an additional 4,082 shares during the last quarter. Cullinan Associates Inc. raised its position in shares of Southern by 200.9% during the 3rd quarter. Cullinan Associates Inc. now owns 76,227 shares of the utilities provider’s stock worth $4,933,000 after acquiring an additional 50,897 shares in the last quarter. Zullo Investment Group Inc. lifted its stake in Southern by 4.8% during the fourth quarter. Zullo Investment Group Inc. now owns 3,437 shares of the utilities provider’s stock worth $241,000 after purchasing an additional 157 shares during the last quarter. Finally, Global Retirement Partners LLC increased its stake in Southern by 5.8% in the fourth quarter. Global Retirement Partners LLC now owns 14,856 shares of the utilities provider’s stock valued at $1,045,000 after purchasing an additional 819 shares during the last quarter. Hedge funds and other institutional investors own 64.10% of the company’s stock.

Southern Price Performance

SO stock opened at $71.35 on Wednesday. The firm has a 50 day moving average of $68.59 and a 200-day moving average of $68.89. The company has a market cap of $77.84 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 4.44 and a beta of 0.49. The company has a current ratio of 0.77, a quick ratio of 0.56 and a debt-to-equity ratio of 1.62. The Southern Company has a 12-month low of $61.56 and a 12-month high of $75.80.

Southern (NYSE:SOGet Free Report) last issued its quarterly earnings data on Thursday, February 15th. The utilities provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.05. The firm had revenue of $6.05 billion during the quarter, compared to analysts’ expectations of $6.90 billion. Southern had a return on equity of 11.40% and a net margin of 15.79%. Southern’s revenue was down 14.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 earnings per share. As a group, equities analysts expect that The Southern Company will post 4 EPS for the current fiscal year.

Southern Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Tuesday, February 20th were given a $0.70 dividend. The ex-dividend date was Friday, February 16th. This represents a $2.80 annualized dividend and a dividend yield of 3.92%. Southern’s dividend payout ratio is presently 77.14%.

Insider Buying and Selling

In other news, CEO Stephen E. Kuczynski sold 5,000 shares of the business’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $71.99, for a total value of $359,950.00. Following the completion of the transaction, the chief executive officer now directly owns 101,284 shares of the company’s stock, valued at $7,291,435.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Stephen E. Kuczynski sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $71.99, for a total value of $359,950.00. Following the completion of the transaction, the chief executive officer now owns 101,284 shares of the company’s stock, valued at $7,291,435.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Christopher Cummiskey sold 899 shares of Southern stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $67.06, for a total transaction of $60,286.94. Following the completion of the sale, the executive vice president now directly owns 22,502 shares of the company’s stock, valued at $1,508,984.12. The disclosure for this sale can be found here. Insiders sold 25,998 shares of company stock worth $1,806,063 in the last ninety days. Insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SO shares. Citigroup began coverage on shares of Southern in a research report on Friday, December 8th. They set a “buy” rating and a $82.00 price objective for the company. Wells Fargo & Company decreased their price objective on shares of Southern from $75.00 to $72.00 and set an “equal weight” rating for the company in a research note on Friday, February 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $80.00 target price on shares of Southern in a research report on Wednesday, February 21st. Mizuho upped their target price on Southern from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Barclays cut their price target on Southern from $68.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Southern has a consensus rating of “Hold” and a consensus price target of $74.00.

View Our Latest Research Report on SO

About Southern

(Free Report)

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.

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Institutional Ownership by Quarter for Southern (NYSE:SO)

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