Taylor Hoffman Wealth Management Has $528,000 Holdings in Southern Co (NYSE:SO)

Taylor Hoffman Wealth Management lifted its holdings in Southern Co (NYSE:SO) by 30.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,542 shares of the utilities provider’s stock after acquiring an additional 2,000 shares during the quarter. Taylor Hoffman Wealth Management’s holdings in Southern were worth $528,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Altfest L J & Co. Inc. lifted its position in shares of Southern by 3.8% in the second quarter. Altfest L J & Co. Inc. now owns 6,574 shares of the utilities provider’s stock valued at $363,000 after acquiring an additional 240 shares in the last quarter. AE Wealth Management LLC raised its holdings in shares of Southern by 14.5% in the 2nd quarter. AE Wealth Management LLC now owns 125,153 shares of the utilities provider’s stock worth $6,918,000 after purchasing an additional 15,834 shares during the period. CENTRAL TRUST Co raised its holdings in shares of Southern by 4.0% in the 2nd quarter. CENTRAL TRUST Co now owns 71,185 shares of the utilities provider’s stock worth $4,021,000 after purchasing an additional 2,752 shares during the period. CWM LLC raised its holdings in shares of Southern by 31.4% in the 3rd quarter. CWM LLC now owns 402,808 shares of the utilities provider’s stock worth $24,881,000 after purchasing an additional 96,358 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Southern by 22.4% in the 2nd quarter. Invesco Ltd. now owns 7,200,728 shares of the utilities provider’s stock worth $398,057,000 after purchasing an additional 1,319,096 shares during the period. 58.51% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SO stock traded up $0.55 during trading hours on Friday, reaching $61.26. The company had a trading volume of 3,825,674 shares, compared to its average volume of 3,796,997. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.77 and a current ratio of 0.94. Southern Co has a twelve month low of $42.50 and a twelve month high of $63.09. The company has a market capitalization 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 stock’s fifty day simple moving average is $61.54 and its 200 day simple moving average is $57.28.

Southern (NYSE:SO) last issued its quarterly earnings data on Wednesday, October 30th. The utilities provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.20. Southern had a return on equity of 10.52% and a net margin of 21.02%. The firm had revenue of $6 billion during the quarter, compared to analyst estimates of $6.01 billion. During the same quarter last year, the firm earned $1.14 EPS. Southern’s quarterly revenue was down 2.7% on a year-over-year basis. As a group, equities analysts expect that Southern Co will post 3.09 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.62 per share. The ex-dividend date is Friday, November 15th. This represents a $2.48 dividend on an annualized basis and a yield of 4.05%. Southern’s dividend payout ratio (DPR) is presently 80.78%.

In other Southern news, 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 completion of the sale, the chief executive officer now owns 69,772 shares in the company, valued at approximately $4,066,312.16. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP James Y. Kerr II sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $62.16, for a total value of $1,554,000.00. Following the sale, the executive vice president now owns 67,655 shares of the company’s stock, valued at approximately $4,205,434.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 177,533 shares of company stock valued at $10,941,987. 0.88% of the stock is owned by insiders.

A number of equities analysts have recently commented on the company. Morgan Stanley cut their price objective on Southern from $55.00 to $54.00 and set an “underweight” rating on the stock in a report on Friday, August 16th. Citigroup raised their price objective on Southern from $55.00 to $61.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Bank of America raised their price objective on Southern from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. ValuEngine lowered Southern from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, SunTrust Banks set a $59.00 target price on Southern and gave the company a “hold” rating in a research note on Tuesday, September 3rd. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. Southern has a consensus rating of “Hold” and an average price target of $56.80.

Southern Profile

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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