Southern Co (NYSE:SO) Shares Bought by United Capital Management of KS Inc.

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United Capital Management of KS Inc. raised its holdings in Southern Co (NYSE:SO) by 5.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,769 shares of the utilities provider’s stock after acquiring an additional 442 shares during the quarter. United Capital Management of KS Inc.’s holdings in Southern were worth $543,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of SO. Krane Funds Advisors LLC acquired a new stake in Southern in the 2nd quarter valued at about $25,000. Lenox Wealth Advisors LLC acquired a new stake in Southern in the 3rd quarter valued at about $25,000. Thor Advisors LLC purchased a new stake in Southern during the first quarter valued at about $26,000. Atlantic Trust LLC purchased a new stake in Southern during the second quarter valued at about $28,000. Finally, Salomon & Ludwin LLC purchased a new stake in Southern during the second quarter valued at about $29,000. 58.38% of the stock is owned by institutional investors.

In related news, CEO Stephen E. Kuczynski sold 123,533 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $61.87, for a total value of $7,642,986.71. Following the transaction, the chief executive officer now owns 191,305 shares in the company, valued at $11,836,040.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephen E. Kuczynski sold 2,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $57.51, for a total value of $115,020.00. Following the completion of the transaction, the chief executive officer now owns 71,772 shares in the company, valued at approximately $4,127,607.72. The disclosure for this sale can be found here. Insiders sold a total of 202,533 shares of company stock worth $12,386,567 in the last quarter. 0.88% of the stock is owned by corporate insiders.

A number of analysts have commented on SO shares. Morgan Stanley reduced their price objective on shares of Southern from $55.00 to $54.00 and set an “underweight” rating for the company in a research note on Friday, August 16th. Barclays reaffirmed a “hold” rating and set a $57.00 price objective on shares of Southern in a research note on Wednesday, June 19th. Bank of America upped their price objective on shares of Southern from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. UBS Group upped their price objective on shares of Southern from $58.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Finally, SunTrust Banks set a $59.00 price objective on shares of Southern and gave the company a “hold” rating in a research note on Tuesday, September 3rd. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $55.70.

Shares of SO traded up $0.06 during trading hours on Tuesday, reaching $60.98. The company’s stock had a trading volume of 166,895 shares, compared to its average volume of 3,989,760. The firm has a market cap of $64.00 billion, a price-to-earnings ratio of 19.86, a P/E/G ratio of 4.49 and a beta of 0.16. Southern Co has a 1-year low of $42.50 and a 1-year high of $62.36. The company has a quick ratio of 0.59, a current ratio of 0.76 and a debt-to-equity ratio of 1.33. The company has a 50 day moving average of $60.42 and a two-hundred day moving average of $56.08.

Southern (NYSE:SO) last issued its earnings results on Wednesday, July 31st. The utilities provider reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.08. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.12 billion. Southern had a return on equity of 10.04% and a net margin of 20.18%. The firm’s quarterly revenue was down 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 EPS. As a group, analysts forecast that Southern Co will post 3.04 EPS for the current fiscal year.

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.

See Also: Buyback For Investors Defined

Institutional Ownership by Quarter for Southern (NYSE:SO)

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