White Lighthouse Investment Management Inc. Acquires New Holdings in Southern Co (SO)

White Lighthouse Investment Management Inc. acquired a new stake in shares of Southern Co (NYSE:SO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,380 shares of the utilities provider’s stock, valued at approximately $403,000.

Several other institutional investors and hedge funds also recently bought and sold shares of SO. Chicago Partners Investment Group LLC purchased a new stake in Southern in the second quarter valued at approximately $100,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in Southern in the third quarter valued at approximately $105,000. Monroe Bank & Trust MI boosted its position in Southern by 17.9% in the second quarter. Monroe Bank & Trust MI now owns 2,300 shares of the utilities provider’s stock valued at $110,000 after buying an additional 350 shares during the last quarter. AlphaMark Advisors LLC boosted its position in Southern by 0.6% in the second quarter. AlphaMark Advisors LLC now owns 2,363 shares of the utilities provider’s stock valued at $113,000 after buying an additional 14 shares during the last quarter. Finally, Fieldpoint Private Securities LLC purchased a new stake in Southern in the third quarter valued at approximately $118,000. Hedge funds and other institutional investors own 53.66% of the company’s stock.

In other news, VP James Y. Kerr II sold 25,000 shares of the stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $52.16, for a total transaction of $1,304,000.00. Following the transaction, the vice president now owns 26,000 shares in the company, valued at approximately $1,356,160. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Art P. Beattie sold 46,941 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $52.50, for a total value of $2,464,402.50. Following the transaction, the insider now owns 59,494 shares in the company, valued at approximately $3,123,435. The disclosure for this sale can be found here. In the last 90 days, insiders sold 128,662 shares of company stock worth $6,772,438. Insiders own 0.74% of the company’s stock.

A number of equities research analysts recently commented on the company. SunTrust Banks reiterated a “hold” rating and issued a $52.00 target price on shares of Southern in a research report on Friday, October 20th. Mizuho reiterated a “buy” rating and issued a $52.00 target price on shares of Southern in a research report on Tuesday, December 26th. Bank of America reiterated an “underperform” rating and issued a $51.00 target price on shares of Southern in a research report on Tuesday, October 24th. Royal Bank of Canada upgraded Southern from a “sector perform” rating to an “outperform” rating and set a $53.00 target price on the stock in a research report on Friday, September 29th. Finally, Zacks Investment Research upgraded Southern from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research report on Tuesday, December 12th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. Southern has an average rating of “Hold” and an average price target of $49.25.

Shares of Southern Co (NYSE SO) opened at $45.96 on Thursday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.73 and a quick ratio of 0.57. Southern Co has a 52-week low of $45.81 and a 52-week high of $53.51. The company has a market capitalization of $46,130.00, a P/E ratio of 82.07, a price-to-earnings-growth ratio of 3.45 and a beta of 0.14.

Southern (NYSE:SO) last released its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.04. Southern had a return on equity of 10.81% and a net margin of 2.59%. The business had revenue of $6.20 billion for the quarter, compared to analyst estimates of $6.16 billion. During the same quarter in the prior year, the firm posted $1.27 EPS. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. sell-side analysts forecast that Southern Co will post 2.96 earnings per share for the current year.

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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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Institutional Ownership by Quarter for Southern (NYSE:SO)

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