Creative Planning boosted its holdings in shares of Southern Co (NYSE:SO) by 8.7% in the 4th quarter, HoldingsChannel reports. The fund owned 187,712 shares of the utilities provider’s stock after acquiring an additional 15,075 shares during the quarter. Creative Planning’s holdings in Southern were worth $9,027,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Mn Services Vermogensbeheer B.V. grew its stake in shares of Southern by 531.1% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 165,078 shares of the utilities provider’s stock valued at $7,904,000 after buying an additional 138,921 shares during the period. Eqis Capital Management Inc. grew its stake in shares of Southern by 2.1% in the 2nd quarter. Eqis Capital Management Inc. now owns 18,266 shares of the utilities provider’s stock valued at $875,000 after buying an additional 367 shares during the period. Winslow Evans & Crocker Inc. grew its stake in shares of Southern by 70.8% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 5,263 shares of the utilities provider’s stock valued at $254,000 after buying an additional 2,181 shares during the period. Gamble Jones Investment Counsel grew its stake in shares of Southern by 2.5% in the 2nd quarter. Gamble Jones Investment Counsel now owns 45,094 shares of the utilities provider’s stock valued at $2,159,000 after buying an additional 1,113 shares during the period. Finally, ST Germain D J Co. Inc. grew its stake in shares of Southern by 10.5% in the 2nd quarter. ST Germain D J Co. Inc. now owns 9,042 shares of the utilities provider’s stock valued at $433,000 after buying an additional 860 shares during the period. 53.68% of the stock is owned by institutional investors.

In other Southern news, EVP Christopher C. Womack sold 46,641 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $53.00, for a total transaction of $2,471,973.00. Following the sale, the executive vice president now directly owns 56,799 shares in the company, valued at approximately $3,010,347. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Ann P. Daiss sold 5,080 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $53.28, for a total transaction of $270,662.40. Following the sale, the insider now owns 7,474 shares in the company, valued at $398,214.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 98,662 shares of company stock worth $5,207,038. 1.00% of the stock is owned by company insiders.

A number of equities analysts recently weighed in on SO shares. Zacks Investment Research raised shares of Southern from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Bank of America reaffirmed an “underperform” rating and set a $51.00 price objective on shares of Southern in a research report on Tuesday, October 24th. SunTrust Banks reaffirmed a “hold” rating and set a $52.00 price objective on shares of Southern in a research report on Friday, October 20th. Mizuho reaffirmed a “buy” rating and set a $55.00 price objective on shares of Southern in a research report on Friday, December 8th. Finally, Citigroup reaffirmed a “sell” rating and set a $44.00 price objective (up previously from $43.00) on shares of Southern in a research report on Tuesday, October 3rd. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $51.07.

Shares of Southern Co (NYSE SO) opened at $44.90 on Friday. The stock has a market cap of $45,060.00, a P/E ratio of 80.18, a price-to-earnings-growth ratio of 3.31 and a beta of 0.14. Southern Co has a fifty-two week low of $44.26 and a fifty-two week high of $53.51. The company has a current ratio of 0.73, a quick ratio of 0.57 and a debt-to-equity ratio of 1.73.

Southern (NYSE:SO) last released its earnings results on Wednesday, November 1st. The utilities provider reported $1.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.04. The company had revenue of $6.20 billion for the quarter, compared to analyst estimates of $6.16 billion. Southern had a net margin of 2.59% and a return on equity of 10.81%. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.27 EPS. equities analysts predict that Southern Co will post 2.96 earnings per share for the current year.

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About Southern

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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Institutional Ownership by Quarter for Southern (NYSE:SO)

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