Financial Architects Inc Boosts Holdings in Southern Co (SO)

Financial Architects Inc raised its position in Southern Co (NYSE:SO) by 324.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,047 shares of the utilities provider’s stock after purchasing an additional 12,267 shares during the quarter. Financial Architects Inc’s holdings in Southern were worth $700,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SO. Massachusetts Financial Services Co. MA raised its position in shares of Southern by 17.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 17,342,735 shares of the utilities provider’s stock worth $803,142,000 after acquiring an additional 2,552,028 shares during the last quarter. Morgan Stanley raised its position in shares of Southern by 35.0% during the second quarter. Morgan Stanley now owns 4,929,465 shares of the utilities provider’s stock worth $228,284,000 after acquiring an additional 1,278,656 shares during the last quarter. BlackRock Inc. raised its position in shares of Southern by 1.8% during the second quarter. BlackRock Inc. now owns 64,498,296 shares of the utilities provider’s stock worth $2,986,915,000 after acquiring an additional 1,168,307 shares during the last quarter. Commonwealth Bank of Australia raised its position in shares of Southern by 16.1% during the second quarter. Commonwealth Bank of Australia now owns 8,334,190 shares of the utilities provider’s stock worth $385,555,000 after acquiring an additional 1,156,583 shares during the last quarter. Finally, Mainstay Capital Management LLC ADV raised its position in shares of Southern by 2,035.4% during the second quarter. Mainstay Capital Management LLC ADV now owns 861,791 shares of the utilities provider’s stock worth $19,097,000 after acquiring an additional 821,434 shares during the last quarter. Hedge funds and other institutional investors own 57.34% of the company’s stock.

In related news, EVP Christopher C. Womack sold 16,371 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $47.40, for a total transaction of $775,985.40. Following the completion of the sale, the executive vice president now owns 10,165 shares of the company’s stock, valued at $481,821. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.73% of the company’s stock.



A number of equities analysts have recently issued reports on the company. UBS Group raised their price objective on Southern from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Monday. Credit Suisse Group downgraded Southern from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $46.00 to $43.00 in a research report on Thursday, August 9th. Guggenheim downgraded Southern from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $50.00 to $47.00 in a research report on Wednesday, August 8th. Scotiabank restated a “hold” rating and set a $44.00 price objective on shares of Southern in a research report on Thursday, August 9th. Finally, Bank of America lowered their price objective on Southern from $47.00 to $46.00 and set an “underperform” rating for the company in a research report on Wednesday, August 22nd. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. Southern currently has a consensus rating of “Hold” and a consensus target price of $46.11.

NYSE SO traded up $1.03 during trading hours on Monday, hitting $45.89. 6,918,547 shares of the company’s stock were exchanged, compared to its average volume of 6,220,472. Southern Co has a 1-year low of $42.38 and a 1-year high of $53.51. The stock has a market capitalization of $45.49 billion, a P/E ratio of 15.20, a P/E/G ratio of 3.32 and a beta of -0.05. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.81 and a quick ratio of 0.68.

Southern (NYSE:SO) last released its earnings results on Wednesday, August 8th. The utilities provider reported $0.80 EPS for the quarter, topping the consensus estimate of $0.69 by $0.11. Southern had a return on equity of 13.06% and a net margin of 9.96%. The business had revenue of $5.63 billion during the quarter, compared to analysts’ expectations of $5.28 billion. During the same quarter last year, the firm posted $0.73 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. Equities analysts expect that Southern Co will post 3 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Monday, November 19th will be paid a dividend of $0.60 per share. The ex-dividend date is Friday, November 16th. This represents a $2.40 annualized dividend and a yield of 5.23%. Southern’s dividend payout ratio is currently 79.47%.

About Southern

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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