James Y. Kerr II Sells 25,000 Shares of Southern Co (NYSE:SO) Stock

Southern Co (NYSE:SO) EVP James Y. Kerr II sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $56.16, for a total value of $1,404,000.00. Following the completion of the transaction, the executive vice president now directly owns 67,655 shares of the company’s stock, valued at $3,799,504.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NYSE SO traded down $0.82 during mid-day trading on Friday, hitting $55.67. 4,341,310 shares of the company were exchanged, compared to its average volume of 3,815,086. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.69 and a current ratio of 0.88. The business’s 50 day moving average is $55.16. Southern Co has a 1-year low of $42.50 and a 1-year high of $57.08. The company has a market capitalization of $58.77 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 4.14 and a beta of 0.20.

Southern (NYSE:SO) last issued its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $0.70 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.70. Southern had a return on equity of 10.37% and a net margin of 15.03%. The firm had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.66 billion. During the same period last year, the company earned $0.88 earnings per share. The company’s revenue for the quarter was down 15.1% on a year-over-year basis. On average, equities analysts anticipate that Southern Co will post 3.03 EPS for the current year.

SO has been the subject of several research analyst reports. ValuEngine downgraded Yext from a “strong-buy” rating to a “buy” rating in a report on Friday, May 10th. Barclays reissued a “top pick” rating and issued a GBX 3,250 ($42.47) price objective on shares of in a report on Wednesday, June 19th. Evercore ISI raised Southern from an “in-line” rating to an “outperform” rating in a report on Friday, May 3rd. Mizuho increased their price objective on Southern from $48.50 to $55.00 and gave the company a “neutral” rating in a report on Thursday, June 13th. Finally, Zacks Investment Research downgraded HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 21st. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. Southern currently has a consensus rating of “Hold” and a consensus target price of $49.67.

Hedge funds and other institutional investors have recently modified their holdings of the stock. 6 Meridian raised its position in Southern by 1.8% in the second quarter. 6 Meridian now owns 10,278 shares of the utilities provider’s stock worth $568,000 after acquiring an additional 181 shares in the last quarter. Country Club Trust Company n.a. raised its position in Southern by 6.5% in the second quarter. Country Club Trust Company n.a. now owns 8,272 shares of the utilities provider’s stock worth $458,000 after acquiring an additional 505 shares in the last quarter. Clark Capital Management Group Inc. purchased a new position in Southern in the second quarter worth $9,736,000. Nisa Investment Advisors LLC raised its position in Southern by 2.8% in the second quarter. Nisa Investment Advisors LLC now owns 153,896 shares of the utilities provider’s stock worth $8,507,000 after acquiring an additional 4,143 shares in the last quarter. Finally, CENTRAL TRUST Co raised its position in Southern by 4.0% in the second quarter. CENTRAL TRUST Co now owns 71,185 shares of the utilities provider’s stock worth $4,021,000 after acquiring an additional 2,752 shares in the last quarter. 56.63% of the stock is owned by hedge funds and other institutional investors.

About Southern

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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Insider Buying and Selling by Quarter for Southern (NYSE:SO)

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