Southern Co (NYSE:SO) CEO Stephen E. Kuczynski sold 2,000 shares of Southern stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $53.50, for a total transaction of $107,000.00. Following the sale, the chief executive officer now owns 75,772 shares in the company, valued at approximately $4,053,802. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
NYSE SO traded up $0.20 during trading on Friday, hitting $55.28. The stock had a trading volume of 5,359,535 shares, compared to its average volume of 4,660,856. The firm has a market cap of $57.34 billion, a P/E ratio of 18.01, a PEG ratio of 4.03 and a beta of 0.19. The company has a 50-day moving average price of $54.54. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.88 and a quick ratio of 0.69. Southern Co has a 12 month low of $42.50 and a 12 month high of $56.54.
Southern (NYSE:SO) last announced its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.70 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.70. Southern had a return on equity of 10.37% and a net margin of 15.03%. The company had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.66 billion. During the same quarter in the prior year, the business posted $0.88 EPS. The business’s revenue was down 15.1% compared to the same quarter last year. Sell-side analysts expect that Southern Co will post 3.03 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Old Port Advisors bought a new position in Southern in the first quarter valued at about $205,000. Wesbanco Bank Inc. raised its position in shares of Southern by 4.7% during the first quarter. Wesbanco Bank Inc. now owns 66,022 shares of the utilities provider’s stock worth $3,412,000 after acquiring an additional 2,964 shares during the last quarter. Financial Architects Inc raised its position in shares of Southern by 11.7% during the fourth quarter. Financial Architects Inc now owns 17,924 shares of the utilities provider’s stock worth $787,000 after acquiring an additional 1,877 shares during the last quarter. American Asset Management Inc. raised its position in shares of Southern by 13.4% during the fourth quarter. American Asset Management Inc. now owns 13,520 shares of the utilities provider’s stock worth $594,000 after acquiring an additional 1,595 shares during the last quarter. Finally, Monte Financial Group LLC raised its position in shares of Southern by 2.3% during the first quarter. Monte Financial Group LLC now owns 62,474 shares of the utilities provider’s stock worth $3,229,000 after acquiring an additional 1,394 shares during the last quarter. 56.63% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have issued reports on the company. Zacks Investment Research cut Southern from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st. ValuEngine cut Southern from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Mizuho lifted their price target on Southern from $48.50 to $55.00 and gave the company a “neutral” rating in a report on Thursday, June 13th. Barclays reaffirmed a “hold” rating and issued a $57.00 price target on shares of Southern in a report on Wednesday, June 19th. Finally, Credit Suisse Group set a $51.00 price objective on Southern and gave the stock a “sell” rating in a research report on Monday, April 22nd. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $49.67.
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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