Southern Co (SO) Stake Lessened by Bogart Wealth LLC
Bogart Wealth LLC decreased its holdings in Southern Co (NYSE:SO) by 70.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,668 shares of the utilities provider’s stock after selling 6,420 shares during the quarter. Bogart Wealth LLC’s holdings in Southern were worth $128,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Chicago Partners Investment Group LLC acquired a new stake in shares of Southern in the second quarter valued at $100,000. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of Southern in the third quarter valued at $105,000. Monroe Bank & Trust MI lifted its holdings in shares of Southern by 17.9% in the second quarter. Monroe Bank & Trust MI now owns 2,300 shares of the utilities provider’s stock valued at $110,000 after buying an additional 350 shares during the period. AlphaMark Advisors LLC lifted its holdings in shares of Southern by 0.6% in the second quarter. AlphaMark Advisors LLC now owns 2,363 shares of the utilities provider’s stock valued at $113,000 after buying an additional 14 shares during the period. Finally, Fieldpoint Private Securities LLC acquired a new stake in shares of Southern in the third quarter valued at $118,000. 53.66% of the stock is owned by institutional investors.
Shares of Southern Co (NYSE SO) opened at $45.96 on Thursday. The stock has a market capitalization of $46,130.00, a PE ratio of 82.07, a P/E/G ratio of 3.45 and a beta of 0.14. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.73 and a quick ratio of 0.57. Southern Co has a one year low of $45.81 and a one year high of $53.51.
Southern (NYSE:SO) last announced its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.04. The firm had revenue of $6.20 billion during the quarter, compared to the consensus estimate of $6.16 billion. Southern had a return on equity of 10.81% and a net margin of 2.59%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.27 EPS. analysts predict that Southern Co will post 2.96 earnings per share for the current year.
Several analysts have recently weighed in on SO shares. Guggenheim upgraded Southern from a “neutral” rating to a “buy” rating and upped their price objective for the company from $49.00 to $56.00 in a report on Thursday, September 14th. Citigroup restated a “sell” rating and issued a $44.00 price objective (up previously from $43.00) on shares of Southern in a report on Tuesday, October 3rd. Zacks Investment Research downgraded Southern from a “buy” rating to a “hold” rating in a report on Friday, October 13th. SunTrust Banks reaffirmed a “hold” rating and set a $50.00 target price on shares of Southern in a report on Tuesday, December 26th. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Southern in a report on Friday, December 22nd. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $49.25.
In other Southern news, insider Ann P. Daiss sold 5,000 shares of the company’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $52.28, for a total value of $261,400.00. Following the transaction, the insider now directly owns 7,394 shares of the company’s stock, valued at approximately $386,558.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP James Y. Kerr II sold 25,000 shares of the company’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $52.16, for a total value of $1,304,000.00. Following the completion of the transaction, the vice president now directly owns 26,000 shares in the company, valued at $1,356,160. The disclosure for this sale can be found here. Over the last three months, insiders sold 128,662 shares of company stock valued at $6,772,438. Company insiders own 0.74% of the company’s stock.
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The Southern Company (Southern Company) is a holding company. The Company owns all of the stock of the traditional electric operating companies and the parent entities of Southern Power Company (Southern Power) and Southern Company Gas, and owns other direct and indirect subsidiaries. The Company’s segments include Gas distribution operations, Gas marketing services, Wholesale gas services, Gas midstream operations and All other.
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