Bokf Na Acquires 2,623 Shares of Southern Co (SO)

Bokf Na boosted its holdings in shares of Southern Co (NYSE:SO) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,506 shares of the utilities provider’s stock after purchasing an additional 2,623 shares during the quarter. Bokf Na’s holdings in Southern were worth $2,482,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SO. Vigilant Capital Management LLC purchased a new stake in shares of Southern in the fourth quarter valued at $30,000. Parkside Financial Bank & Trust raised its stake in shares of Southern by 38.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 798 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 220 shares during the period. Lindbrook Capital LLC purchased a new stake in shares of Southern in the fourth quarter valued at $36,000. IMS Capital Management bought a new position in shares of Southern in the third quarter worth about $37,000. Finally, Murphy Pohlad Asset Management LLC bought a new position in shares of Southern in the fourth quarter worth about $38,000. 56.49% of the stock is currently owned by institutional investors.

In other Southern news, CEO William P. Bowers sold 90,942 shares of the stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $48.60, for a total transaction of $4,419,781.20. Following the transaction, the chief executive officer now directly owns 177,043 shares in the company, valued at approximately $8,604,289.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark Lantrip sold 33,000 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $49.50, for a total transaction of $1,633,500.00. Following the completion of the sale, the insider now owns 56,157 shares in the company, valued at $2,779,771.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 142,864 shares of company stock worth $7,006,193. 0.73% of the stock is owned by company insiders.

A number of research analysts have recently commented on SO shares. Zacks Investment Research cut shares of Southern from a “buy” rating to a “hold” rating in a report on Wednesday, January 9th. Guggenheim restated a “hold” rating and issued a $44.00 price target on shares of Southern in a report on Monday, January 7th. Credit Suisse Group upped their price target on shares of Southern from $44.00 to $46.00 and gave the stock an “underperform” rating in a report on Thursday, December 6th. restated a “sell” rating on shares of Southern in a report on Wednesday, February 13th. Finally, Citigroup upgraded shares of Southern from a “sell” rating to a “neutral” rating and upped their price target for the stock from $45.00 to $50.00 in a report on Thursday, January 24th. Six investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. Southern presently has a consensus rating of “Hold” and a consensus price target of $47.00.

Shares of Southern stock opened at $51.53 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.54 and a debt-to-equity ratio of 1.40. Southern Co has a 1 year low of $42.42 and a 1 year high of $51.95. The stock has a market cap of $53.52 billion, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of 3.79 and a beta of 0.19.

Southern (NYSE:SO) last issued its earnings results on Wednesday, February 20th. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. Southern had a net margin of 9.54% and a return on equity of 11.39%. The company had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $4.88 billion. During the same period in the prior year, the business earned $0.51 EPS. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. As a group, equities research analysts forecast that Southern Co will post 3.03 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Tuesday, February 19th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend was Friday, February 15th. Southern’s payout ratio is 78.18%.

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Southern Profile

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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Institutional Ownership by Quarter for Southern (NYSE:SO)

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