Honkamp Krueger Financial Services Inc. cut its holdings in shares of Southern Co (NYSE:SO) by 25.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,898 shares of the utilities provider’s stock after selling 5,904 shares during the quarter. Honkamp Krueger Financial Services Inc.’s holdings in Southern were worth $813,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Centaurus Financial Inc. acquired a new stake in shares of Southern in the 4th quarter valued at $370,000. Trustcore Financial Services LLC acquired a new stake in shares of Southern in the 4th quarter valued at $342,000. Mariner Wealth Advisors LLC raised its holdings in shares of Southern by 280.1% in the 4th quarter. Mariner Wealth Advisors LLC now owns 19,138 shares of the utilities provider’s stock valued at $920,000 after purchasing an additional 14,103 shares in the last quarter. Wealthfront Inc. raised its holdings in shares of Southern by 50.5% in the 4th quarter. Wealthfront Inc. now owns 58,608 shares of the utilities provider’s stock valued at $2,818,000 after purchasing an additional 19,656 shares in the last quarter. Finally, Taylor Hoffman Wealth Management acquired a new stake in shares of Southern in the 4th quarter valued at $104,000. Institutional investors own 53.87% of the company’s stock.
Southern Co (NYSE SO) opened at $43.93 on Tuesday. Southern Co has a 52-week low of $42.63 and a 52-week high of $53.51. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.57 and a current ratio of 0.73. The stock has a market cap of $44,089.38, a price-to-earnings ratio of 15.98, a price-to-earnings-growth ratio of 3.26 and a beta of 0.03.
A number of equities research analysts have recently weighed in on SO shares. Zacks Investment Research lowered shares of Southern from a “hold” rating to a “sell” rating in a report on Monday, January 15th. SunTrust Banks restated a “hold” rating and issued a $50.00 price objective on shares of Southern in a report on Tuesday, December 26th. JPMorgan Chase & Co. started coverage on shares of Southern in a research note on Friday, January 12th. They set an “underweight” rating and a $46.00 price target on the stock. Goldman Sachs Group reiterated a “sell” rating on shares of Southern in a research note on Wednesday, January 10th. Finally, Mizuho reiterated a “buy” rating and set a $52.00 price target on shares of Southern in a research note on Tuesday, December 26th. Six analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $50.03.
Southern Company Profile
The Southern Company (Southern Company) is a holding company. The Company owns all of the stock of the traditional electric operating companies and the parent entities of Southern Power Company (Southern Power) and Southern Company Gas, and owns other direct and indirect subsidiaries. The Company’s segments include Gas distribution operations, Gas marketing services, Wholesale gas services, Gas midstream operations and All other.
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