Stephen E. Kuczynski Sells 2,000 Shares of Southern Co (NYSE:SO) Stock

Southern Co (NYSE:SO) CEO Stephen E. Kuczynski sold 2,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $62.08, for a total transaction of $124,160.00. Following the completion of the sale, the chief executive officer now directly owns 63,772 shares in the company, valued at approximately $3,958,965.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

NYSE:SO traded up $0.32 during mid-day trading on Wednesday, reaching $62.69. 5,336,084 shares of the company were exchanged, compared to its average volume of 4,557,022. Southern Co has a 12 month low of $42.50 and a 12 month high of $63.29. The company has a fifty day moving average of $61.79 and a 200 day moving average of $58.40. The company has a quick ratio of 0.77, a current ratio of 0.94 and a debt-to-equity ratio of 1.37. The stock has a market cap of $65.88 billion, a PE ratio of 20.42, a PEG ratio of 4.45 and a beta of 0.14.

Southern (NYSE:SO) last issued its earnings results on Wednesday, October 30th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.20. The company had revenue of $6 billion for the quarter, compared to analyst estimates of $6.01 billion. Southern had a net margin of 21.02% and a return on equity of 10.52%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.14 EPS. On average, equities research analysts anticipate that Southern Co will post 3.09 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 18th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend is Friday, November 15th. Southern’s dividend payout ratio (DPR) is presently 80.78%.

SO has been the topic of a number of research analyst reports. ValuEngine lowered shares of Southern from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Evercore ISI reissued a “hold” rating and set a $63.50 price objective on shares of Southern in a report on Thursday, November 28th. UBS Group increased their price objective on shares of Southern from $58.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Morgan Stanley decreased their price objective on shares of Southern from $55.00 to $54.00 and set an “underweight” rating on the stock in a report on Friday, August 16th. Finally, SunTrust Banks set a $59.00 price objective on shares of Southern and gave the stock a “hold” rating in a report on Tuesday, September 3rd. Four analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $56.41.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Resources Management Corp CT ADV acquired a new stake in shares of Southern in the 3rd quarter valued at approximately $718,000. Metropolitan Life Insurance Co NY raised its position in shares of Southern by 0.9% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 158,279 shares of the utilities provider’s stock valued at $9,777,000 after acquiring an additional 1,344 shares during the period. Squarepoint Ops LLC raised its position in shares of Southern by 13.6% in the 3rd quarter. Squarepoint Ops LLC now owns 456,443 shares of the utilities provider’s stock valued at $28,194,000 after acquiring an additional 54,788 shares during the period. Zimmer Partners LP raised its position in shares of Southern by 126.5% in the 3rd quarter. Zimmer Partners LP now owns 2,704,340 shares of the utilities provider’s stock valued at $167,047,000 after acquiring an additional 1,510,340 shares during the period. Finally, Bank of Hawaii raised its position in shares of Southern by 2.4% in the 3rd quarter. Bank of Hawaii now owns 46,027 shares of the utilities provider’s stock valued at $2,843,000 after acquiring an additional 1,072 shares during the period. 58.99% of the stock is currently owned by 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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