Koshinski Asset Management Inc. Has $710,000 Stock Position in Southern Co (NYSE:SO)

Koshinski Asset Management Inc. grew its position in shares of Southern Co (NYSE:SO) by 113.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 13,699 shares of the utilities provider’s stock after buying an additional 7,269 shares during the period. Koshinski Asset Management Inc.’s holdings in Southern were worth $710,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SO. Whittier Trust Co. grew its holdings in Southern by 9.3% in the first quarter. Whittier Trust Co. now owns 2,271 shares of the utilities provider’s stock worth $123,000 after purchasing an additional 194 shares during the period. Moody National Bank Trust Division increased its holdings in shares of Southern by 1.0% during the first quarter. Moody National Bank Trust Division now owns 18,995 shares of the utilities provider’s stock valued at $1,029,000 after acquiring an additional 195 shares in the last quarter. Lindbrook Capital LLC grew its position in Southern by 29.2% during the 1st quarter. Lindbrook Capital LLC now owns 899 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 203 shares during the last quarter. MCF Advisors LLC raised its holdings in Southern by 18.0% in the first quarter. MCF Advisors LLC now owns 1,366 shares of the utilities provider’s stock worth $74,000 after buying an additional 208 shares during the last quarter. Finally, Consolidated Planning Corp lifted its stake in shares of Southern by 0.8% in the first quarter. Consolidated Planning Corp now owns 25,201 shares of the utilities provider’s stock worth $1,364,000 after buying an additional 210 shares in the last quarter. 58.82% of the stock is currently owned by institutional investors.

NYSE:SO opened at $54.61 on Friday. Southern Co has a one year low of $41.96 and a one year high of $71.10. The business has a fifty day moving average price of $53.86 and a 200-day moving average price of $58.51. The firm has a market capitalization of $57.72 billion, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 4.34 and a beta of 0.42. 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 (NYSE:SO) last released its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.11. Southern had a return on equity of 10.48% and a net margin of 15.83%. The business had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.93 billion. During the same quarter in the previous year, the company posted $0.80 earnings per share. Southern’s revenue for the quarter was down 9.4% on a year-over-year basis. On average, equities research analysts expect that Southern Co will post 3.15 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 17th will be issued a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 4.69%. The ex-dividend date of this dividend is Friday, August 14th. Southern’s dividend payout ratio is 82.32%.

In other Southern news, CEO Stephen E. Kuczynski sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $55.00, for a total transaction of $137,500.00. Following the sale, the chief executive officer now directly owns 76,996 shares of the company’s stock, valued at $4,234,780. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP James Y. Kerr II sold 50,000 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $59.41, for a total value of $2,970,500.00. Following the completion of the transaction, the executive vice president now owns 117,206 shares in the company, valued at $6,963,208.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,000 shares of company stock worth $3,365,090. 0.39% of the stock is owned by company insiders.

A number of brokerages recently weighed in on SO. Argus upgraded shares of Southern from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a report on Monday, April 13th. KeyCorp decreased their price target on Southern from $71.00 to $65.00 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Royal Bank of Canada reaffirmed a “buy” rating and set a $67.00 price objective on shares of Southern in a research report on Thursday, April 30th. Seaport Global Securities started coverage on Southern in a research report on Wednesday, May 20th. They issued a “buy” rating and a $60.00 target price for the company. Finally, UBS Group cut shares of Southern from a “neutral” rating to a “sell” rating and upped their target price for the company from $54.00 to $63.00 in a research note on Thursday, May 21st. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $62.16.

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.

Further Reading: Street Name

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Institutional Ownership by Quarter for Southern (NYSE:SO)

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