The Southern Company (NYSE:SO) CEO Stephen E. Kuczynski sold 2,500 shares of the stock in a transaction dated Friday, October 8th. The stock was sold at an average price of $62.65, for a total transaction of $156,625.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
NYSE SO opened at $62.51 on Thursday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.65 and a current ratio of 0.82. The firm’s 50 day moving average price is $64.78 and its 200-day moving average price is $63.99. The Southern Company has a 52-week low of $56.69 and a 52-week high of $67.54. The company has a market cap of $66.19 billion, a PE ratio of 21.05, a P/E/G ratio of 4.01 and a beta of 0.45.
The Southern (NYSE:SO) last released its quarterly earnings data on Thursday, July 29th. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.05. The Southern had a net margin of 14.47% and a return on equity of 11.43%. The firm had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5 billion. On average, analysts forecast that The Southern Company will post 3.35 earnings per share for the current fiscal year.
A number of equities analysts have commented on SO shares. Guggenheim upgraded shares of The Southern from a “neutral” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Tuesday, September 7th. Wells Fargo & Company restated a “buy” rating on shares of The Southern in a research note on Monday, August 2nd. Mizuho dropped their target price on shares of The Southern from $60.00 to $55.00 and set an “underperform” rating on the stock in a research note on Monday, October 4th. Finally, Morgan Stanley dropped their target price on shares of The Southern from $64.00 to $63.00 and set an “underweight” rating on the stock in a research note on Friday, September 17th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $68.23.
A number of large investors have recently bought and sold shares of the stock. JFS Wealth Advisors LLC raised its holdings in shares of The Southern by 530.3% in the second quarter. JFS Wealth Advisors LLC now owns 416 shares of the utilities provider’s stock worth $25,000 after buying an additional 350 shares during the last quarter. Penserra Capital Management LLC purchased a new position in shares of The Southern in the second quarter worth $27,000. BDO Wealth Advisors LLC purchased a new position in shares of The Southern in the first quarter worth $28,000. Lion Street Advisors LLC purchased a new position in shares of The Southern in the second quarter worth $32,000. Finally, Sterling Investment Advisors Ltd. raised its holdings in shares of The Southern by 40.0% in the second quarter. Sterling Investment Advisors Ltd. now owns 700 shares of the utilities provider’s stock worth $42,000 after buying an additional 200 shares during the last quarter. 59.30% of the stock is owned by institutional investors.
The Southern Company Profile
The Southern Co is a holding company. The firm engages in the sale of electricity. It operates through the following segments: Traditional Electric Operating Companies, Southern Power and Southern Company Gas. The Traditional Electric Operating Companies segment refers to vertically integrated utilities that own generation, transmission and distribution facilities, and supplies electric services in the states of Alabama, Georgia, Florida, and Mississippi.
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