Southern Co (NYSE:SO) Position Trimmed by Outlook Wealth Advisors LLC

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Outlook Wealth Advisors LLC trimmed its holdings in shares of Southern Co (NYSE:SO) by 32.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,144 shares of the utilities provider’s stock after selling 3,493 shares during the period. Outlook Wealth Advisors LLC’s holdings in Southern were worth $441,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Krane Funds Advisors LLC acquired a new position in Southern in the 2nd quarter worth approximately $25,000. Lenox Wealth Advisors LLC acquired a new position in Southern in the 3rd quarter worth approximately $25,000. Atlantic Trust LLC acquired a new position in Southern in the 2nd quarter worth approximately $28,000. Salomon & Ludwin LLC acquired a new position in Southern in the 2nd quarter worth approximately $29,000. Finally, Capital Advisors Ltd. LLC boosted its stake in Southern by 200.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 600 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 58.38% of the company’s stock.

SO has been the subject of a number of recent analyst reports. Morgan Stanley decreased 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. UBS Group raised their price objective on shares of Southern from $58.00 to $62.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Bank of America raised their price objective on shares of Southern from $60.00 to $64.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. ValuEngine lowered shares of 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 shares of Southern and gave the stock a “hold” rating in a research report on Tuesday, September 3rd. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $55.70.

SO stock traded up $0.15 during midday trading on Friday, reaching $61.21. The company had a trading volume of 199,143 shares, compared to its average volume of 3,933,772. Southern Co has a 1 year low of $42.50 and a 1 year high of $62.36. The company has a current ratio of 0.76, a quick ratio of 0.59 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $63.15 billion, a P/E ratio of 19.89, a PEG ratio of 4.42 and a beta of 0.16. The company has a 50 day moving average of $60.60 and a two-hundred day moving average of $56.22.

Southern (NYSE:SO) last released its earnings results on Wednesday, July 31st. The utilities provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.08. Southern had a net margin of 20.18% and a return on equity of 10.04%. The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.12 billion. During the same quarter in the prior year, the firm earned $0.80 EPS. The company’s revenue was down 9.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Southern Co will post 3.05 earnings per share for the current year.

In other news, EVP James Y. Kerr II sold 25,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $58.16, for a total transaction of $1,454,000.00. Following the transaction, the executive vice president now owns 67,655 shares in the company, valued at approximately $3,934,814.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen E. Kuczynski sold 123,533 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $61.87, for a total transaction of $7,642,986.71. Following the transaction, the chief executive officer now owns 191,305 shares in the company, valued at approximately $11,836,040.35. The disclosure for this sale can be found here. Insiders have sold a total of 202,533 shares of company stock worth $12,386,567 in the last 90 days. 0.88% of the stock is owned by insiders.

Southern Company 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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