TFG Advisers LLC Has $2.34 Million Stock Holdings in The Southern Company (NYSE:SO)

TFG Advisers LLC raised its position in The Southern Company (NYSE:SO) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,360 shares of the utilities provider’s stock after acquiring an additional 156 shares during the period. TFG Advisers LLC’s holdings in Southern were worth $2,335,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. CWM LLC raised its position in Southern by 5.6% in the third quarter. CWM LLC now owns 178,379 shares of the utilities provider’s stock worth $16,086,000 after purchasing an additional 9,481 shares in the last quarter. Wedmont Private Capital grew its stake in shares of Southern by 15.9% in the 3rd quarter. Wedmont Private Capital now owns 14,610 shares of the utilities provider’s stock valued at $1,299,000 after purchasing an additional 2,002 shares during the period. Patten Group Inc. raised its holdings in shares of Southern by 10.0% in the 3rd quarter. Patten Group Inc. now owns 6,928 shares of the utilities provider’s stock worth $625,000 after buying an additional 631 shares in the last quarter. Quotient Wealth Partners LLC lifted its position in shares of Southern by 6.8% during the 3rd quarter. Quotient Wealth Partners LLC now owns 3,460 shares of the utilities provider’s stock worth $312,000 after buying an additional 219 shares during the period. Finally, Tobam boosted its stake in Southern by 25.7% in the 3rd quarter. Tobam now owns 4,940 shares of the utilities provider’s stock valued at $445,000 after buying an additional 1,011 shares in the last quarter. Institutional investors own 64.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SO. Scotiabank lifted their price objective on Southern from $96.00 to $98.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Guggenheim lowered shares of Southern from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Barclays raised their price objective on shares of Southern from $71.00 to $83.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 15th. Morgan Stanley decreased their price target on Southern from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Finally, BMO Capital Markets cut their price objective on Southern from $99.00 to $97.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $89.79.

Southern Stock Up 0.9 %

Shares of NYSE SO opened at $84.53 on Friday. The Southern Company has a 1 year low of $65.80 and a 1 year high of $94.45. The firm’s 50-day moving average is $83.47 and its 200-day moving average is $86.63. The company has a current ratio of 0.91, a quick ratio of 0.66 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $92.62 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 2.86 and a beta of 0.53.

Southern Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date is Tuesday, February 18th. Southern’s dividend payout ratio is presently 66.98%.

Insider Buying and Selling at Southern

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

Southern Profile

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.