Christopher C. Womack Sells 54,966 Shares of Southern Co (NYSE:SO) Stock

Southern Co (NYSE:SO) EVP Christopher C. Womack sold 54,966 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $64.50, for a total transaction of $3,545,307.00. Following the sale, the executive vice president now owns 65,131 shares in the company, valued at $4,200,949.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

NYSE SO traded up $0.38 on Tuesday, reaching $64.92. The company had a trading volume of 5,063,983 shares, compared to its average volume of 3,985,076. 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 capitalization of $66.76 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 4.45 and a beta of 0.15. The firm’s 50 day moving average price is $62.63 and its 200 day moving average price is $60.06. Southern Co has a 12 month low of $46.07 and a 12 month high of $64.92.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Southern by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 88,169,680 shares of the utilities provider’s stock worth $4,874,020,000 after buying an additional 2,923,497 shares during the last quarter. Pictet Asset Management Ltd. increased its holdings in shares of Southern by 449.2% in the 2nd quarter. Pictet Asset Management Ltd. now owns 3,322,449 shares of the utilities provider’s stock worth $183,665,000 after buying an additional 2,717,467 shares during the last quarter. Zimmer Partners LP increased its holdings 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 worth $167,047,000 after buying an additional 1,510,340 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Southern by 2.2% in the 2nd quarter. BlackRock Inc. now owns 70,040,340 shares of the utilities provider’s stock worth $3,871,830,000 after buying an additional 1,479,813 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Southern by 22.4% in the 2nd quarter. Invesco Ltd. now owns 7,200,728 shares of the utilities provider’s stock worth $398,057,000 after buying an additional 1,319,096 shares during the last quarter. Institutional investors own 58.97% of the company’s stock.

SO has been the topic of several recent analyst reports. SunTrust Banks raised their price objective on shares of Southern from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Wednesday, December 18th. Credit Suisse Group raised their price objective on shares of Southern from $60.00 to $64.00 and gave the company an “underperform” rating in a research report on Wednesday, December 18th. Evercore ISI restated a “hold” rating and set a $63.50 price objective on shares of Southern in a research report on Sunday, December 15th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Southern from $63.00 to $64.00 and gave the company an “underweight” rating in a research report on Wednesday, December 18th. Five research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $59.77.

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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