Sound Income Strategies LLC increased its stake in shares of Southern Co (NYSE:SO) by 19.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,423 shares of the utilities provider’s stock after purchasing an additional 568 shares during the period. Sound Income Strategies LLC’s holdings in Southern were worth $150,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of SO. IMS Capital Management acquired a new stake in shares of Southern in the 3rd quarter valued at $37,000. Arlington Partners LLC acquired a new stake in shares of Southern in the 4th quarter valued at $88,000. Horan Capital Advisors LLC. acquired a new stake in shares of Southern in the 2nd quarter valued at $121,000. Point72 Hong Kong Ltd acquired a new stake in shares of Southern in the 2nd quarter valued at $119,000. Finally, Psagot Investment House Ltd. acquired a new stake in shares of Southern in the 3rd quarter valued at $127,000. 56.52% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on SO shares. Zacks Investment Research lowered shares of Southern from a “buy” rating to a “hold” rating in a research note on Thursday, December 6th. Bank of America upgraded shares of Southern from an “underperform” rating to a “neutral” rating and set a $46.00 price target on the stock in a research note on Wednesday, October 10th. UBS Group lifted their price target on shares of Southern from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Monday, October 29th. ValuEngine upgraded shares of Southern from a “sell” rating to a “hold” rating in a research note on Friday, October 19th. Finally, Mizuho restated a “hold” rating and issued a $46.00 price objective on shares of Southern in a research note on Tuesday, December 11th. Five investment analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. Southern presently has an average rating of “Hold” and a consensus price target of $46.07.
Shares of NYSE:SO traded up $0.05 during midday trading on Friday, hitting $46.39. The stock had a trading volume of 3,387,252 shares, compared to its average volume of 5,948,726. The company has a market cap of $46.80 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 3.36 and a beta of 0.07. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 1.48. Southern Co has a 1 year low of $42.38 and a 1 year high of $49.43.
Southern (NYSE:SO) last issued its earnings results on Wednesday, November 7th. The utilities provider reported $1.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.07. The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $6.68 billion. Southern had a net margin of 10.35% and a return on equity of 12.88%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.12 earnings per share. On average, research analysts forecast that Southern Co will post 3.03 EPS for the current year.
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The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. 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, New Jersey, Florida, Tennessee, and Maryland, as well as provides gas marketing services, wholesale gas services, and gas midstream operations.
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