Vigilant Capital Management LLC Acquires 174 Shares of Southern Co (NYSE:SO)

Vigilant Capital Management LLC lifted its holdings in shares of Southern Co (NYSE:SO) by 8.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,274 shares of the utilities provider’s stock after acquiring an additional 174 shares during the quarter. Vigilant Capital Management LLC’s holdings in Southern were worth $123,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SO. Essex Financial Services Inc. grew its holdings in Southern by 1.0% during the second quarter. Essex Financial Services Inc. now owns 18,297 shares of the utilities provider’s stock valued at $949,000 after purchasing an additional 189 shares during the period. First National Bank of Omaha grew its holdings in Southern by 2.1% during the second quarter. First National Bank of Omaha now owns 9,930 shares of the utilities provider’s stock valued at $515,000 after purchasing an additional 200 shares during the period. Lowe Brockenbrough & Co. Inc. grew its holdings in Southern by 3.0% during the second quarter. Lowe Brockenbrough & Co. Inc. now owns 6,825 shares of the utilities provider’s stock valued at $354,000 after purchasing an additional 200 shares during the period. Silvercrest Asset Management Group LLC grew its holdings in Southern by 1.8% during the second quarter. Silvercrest Asset Management Group LLC now owns 12,087 shares of the utilities provider’s stock valued at $627,000 after purchasing an additional 215 shares during the period. Finally, Secrest Blakey & Associates LLC grew its holdings in Southern by 1.2% during the second quarter. Secrest Blakey & Associates LLC now owns 18,315 shares of the utilities provider’s stock valued at $950,000 after purchasing an additional 217 shares during the period. Institutional investors own 57.29% of the company’s stock.

SO has been the subject of several research reports. UBS Group reduced their price objective on Southern from $57.00 to $55.00 and set a “neutral” rating for the company in a report on Tuesday, September 1st. KeyCorp reduced their price objective on Southern from $71.00 to $65.00 and set an “overweight” rating for the company in a report on Tuesday, July 21st. Mizuho lowered Southern from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $53.00 to $48.00 in a report on Thursday, September 10th. Morgan Stanley raised their price target on Southern from $56.00 to $57.00 and gave the stock an “underweight” rating in a report on Monday, October 5th. Finally, Barclays raised Southern from an “equal weight” rating to an “overweight” rating and set a $61.00 price target for the company in a report on Monday, September 21st. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $61.90.

NYSE:SO opened at $58.35 on Friday. The firm has a market capitalization of $61.63 billion, a price-to-earnings ratio of 18.94, a P/E/G ratio of 4.10 and a beta of 0.39. Southern Co has a 52-week low of $41.96 and a 52-week high of $71.10. The stock has a fifty day moving average of $54.22 and a 200 day moving average of $54.71. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.75 and a current ratio of 0.97.

Southern (NYSE:SO) last released its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.11. Southern had a return on equity of 10.47% and a net margin of 15.83%. The business had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.93 billion. During the same quarter last year, the business posted $0.80 earnings per share. The company’s revenue for the quarter was down 9.4% on a year-over-year basis. Equities analysts forecast that Southern Co will post 3.16 earnings per share for the current fiscal year.

In other Southern news, CEO Stephen E. Kuczynski sold 2,500 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $55.00, for a total transaction of $137,500.00. Also, EVP Christopher C. Womack sold 5,930 shares of the firm’s stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $58.00, for a total value of $343,940.00. Following the sale, the executive vice president now owns 12,228 shares in the company, valued at approximately $709,224. The disclosure for this sale can be found here. Insiders have sold 23,721 shares of company stock worth $1,301,040 in the last 90 days. Company insiders own 0.39% of the company’s stock.

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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Institutional Ownership by Quarter for Southern (NYSE:SO)

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