ICW Investment Advisors LLC Increases Stock Position in Southern Co (NYSE:SO)

ICW Investment Advisors LLC increased its position in Southern Co (NYSE:SO) by 9.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,289 shares of the utilities provider’s stock after purchasing an additional 1,126 shares during the quarter. ICW Investment Advisors LLC’s holdings in Southern were worth $719,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Sowa Financial Group Inc. bought a new position in Southern during the 4th quarter valued at $25,000. RMR Wealth Builders bought a new position in Southern during the 4th quarter valued at $25,000. Barnett & Company Inc. bought a new position in Southern during the 1st quarter valued at $27,000. Valley National Advisers Inc. boosted its stake in Southern by 49.0% during the 4th quarter. Valley National Advisers Inc. now owns 447 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 147 shares during the last quarter. Finally, Engrave Wealth Partners LLC bought a new position in shares of Southern in the 4th quarter worth about $31,000. Institutional investors and hedge funds own 58.89% of the company’s stock.

SO traded down $0.02 during midday trading on Monday, hitting $57.05. 1,043,285 shares of the company’s stock traded hands, compared to its average volume of 5,049,188. The company has a market cap of $59.93 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 4.52 and a beta of 0.44. The stock’s fifty day simple moving average is $56.00 and its 200-day simple moving average is $60.93. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.99 and a quick ratio of 0.78. Southern Co has a one year low of $41.96 and a one year high of $71.10.

Southern (NYSE:SO) last released its quarterly earnings results on Thursday, April 30th. The utilities provider reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.07. Southern had a net margin of 16.83% and a return on equity of 10.57%. The company had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.45 billion. During the same quarter last year, the firm posted $0.70 earnings per share. The company’s quarterly revenue was down 7.3% compared to the same quarter last year. On average, research analysts expect that Southern Co will post 3.16 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Monday, May 18th will be issued a dividend of $0.64 per share. This is a boost from Southern’s previous quarterly dividend of $0.62. This represents a $2.56 annualized dividend and a yield of 4.49%. The ex-dividend date of this dividend is Friday, May 15th. Southern’s payout ratio is currently 82.32%.

In other news, Director Ernest J. Moniz purchased 3,500 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were purchased at an average cost of $54.72 per share, with a total value of $191,520.00. Following the completion of the purchase, the director now owns 3,500 shares of the company’s stock, valued at approximately $191,520. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Christopher C. Womack sold 9,843 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $67.99, for a total value of $669,225.57. Following the transaction, the executive vice president now owns 18,146 shares of the company’s stock, valued at $1,233,746.54. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,843 shares of company stock valued at $881,346. 0.39% of the stock is currently owned by company insiders.

A number of research firms have recently issued reports on SO. Argus upgraded shares of Southern from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research report on Monday, April 13th. Wolfe Research upgraded shares of Southern from an “underperform” rating to a “market perform” rating in a research report on Thursday, March 12th. UBS Group downgraded shares of Southern from a “neutral” rating to a “sell” rating and raised their price target for the stock from $54.00 to $63.00 in a research report on Thursday, May 21st. Zacks Investment Research downgraded shares of Southern from a “buy” rating to a “hold” rating and set a $59.00 price target on the stock. in a research report on Tuesday, May 5th. Finally, ValuEngine downgraded shares of Southern from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $61.90.

Southern 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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Institutional Ownership by Quarter for Southern (NYSE:SO)

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