6,236 Shares in The Southern Company (NYSE:SO) Bought by Bank of Jackson Hole Trust

Bank of Jackson Hole Trust purchased a new position in The Southern Company (NYSE:SO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,236 shares of the utilities provider’s stock, valued at approximately $513,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stanley Laman Group Ltd. grew its stake in Southern by 3.8% in the third quarter. Stanley Laman Group Ltd. now owns 3,246 shares of the utilities provider’s stock worth $293,000 after purchasing an additional 119 shares during the period. Abel Hall LLC grew 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 worth $616,000 after purchasing an additional 120 shares during the period. DT Investment Partners LLC boosted its holdings in Southern by 5.8% in the third quarter. DT Investment Partners LLC now owns 2,201 shares of the utilities provider’s stock worth $198,000 after acquiring an additional 121 shares in the last quarter. Birchcreek Wealth Management LLC boosted its holdings in Southern by 4.5% in the third quarter. Birchcreek Wealth Management LLC now owns 2,836 shares of the utilities provider’s stock worth $256,000 after acquiring an additional 121 shares in the last quarter. Finally, Truvestments Capital LLC boosted its holdings in Southern by 4.3% in the third quarter. Truvestments Capital LLC now owns 3,011 shares of the utilities provider’s stock worth $272,000 after acquiring an additional 123 shares in the last quarter. 64.10% of the stock is owned by hedge funds and other institutional investors.

Southern Stock Up 0.3 %

SO stock opened at $85.82 on Wednesday. The Southern Company has a fifty-two week low of $65.99 and a fifty-two week high of $94.45. The business’s 50-day moving average is $83.41 and its two-hundred day moving average is $86.82. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.66 and a current ratio of 0.91. The company has a market cap of $94.03 billion, a price-to-earnings ratio of 19.96, a P/E/G ratio of 2.92 and a beta of 0.53.

Southern Dividend Announcement

The company 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 $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date is Tuesday, February 18th. Southern’s dividend payout ratio is 66.98%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Guggenheim downgraded Southern from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. BMO Capital Markets dropped their target price on Southern from $99.00 to $97.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Scotiabank boosted 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. Morgan Stanley dropped their target price on Southern from $88.00 to $85.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Finally, Mizuho boosted their target price on Southern from $83.00 to $85.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $89.79.

Insider Buying and Selling at Southern

In other Southern news, CEO James Jeffrey Peoples sold 14,540 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $86.00, for a total value of $1,250,440.00. Following the completion of the sale, the chief executive officer now owns 13,236 shares in the company, valued at $1,138,296. This represents a 52.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Martin Bernard Davis sold 1,170 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $85.90, for a total value of $100,503.00. Following the completion of the sale, the executive vice president now 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 position. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Southern Company 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.