Y Intercept Hong Kong Ltd Buys New Holdings in Southern Company (The) $SO

Y Intercept Hong Kong Ltd bought a new position in shares of Southern Company (The) (NYSE:SO) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 51,193 shares of the utilities provider’s stock, valued at approximately $4,852,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ameriflex Group Inc. increased its stake in Southern by 275.0% in the 2nd quarter. Ameriflex Group Inc. now owns 300 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 220 shares during the last quarter. Grey Fox Wealth Advisors LLC bought a new stake in Southern in the third quarter worth $29,000. Advantage Trust Co raised its stake in Southern by 1,428.6% during the second quarter. Advantage Trust Co now owns 321 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 300 shares in the last quarter. Steigerwald Gordon & Koch Inc. bought a new position in Southern during the third quarter valued at $34,000. Finally, IMG Wealth Management Inc. purchased a new position in shares of Southern in the 2nd quarter worth $38,000. Institutional investors own 64.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on SO shares. Jefferies Financial Group lowered their price target on shares of Southern from $104.00 to $93.00 and set a “neutral” rating for the company in a report on Monday, December 15th. Morgan Stanley reiterated an “underweight” rating and issued a $85.00 target price on shares of Southern in a report on Wednesday. Barclays decreased their price target on Southern from $91.00 to $88.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. BTIG Research initiated coverage on shares of Southern in a research report on Tuesday, October 21st. They set a “neutral” rating on the stock. Finally, The Goldman Sachs Group lowered shares of Southern from a “buy” rating to a “neutral” rating and set a $98.00 target price for the company. in a report on Thursday, November 6th. Four analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Southern currently has a consensus rating of “Hold” and a consensus target price of $94.91.

Southern Stock Up 0.0%

Shares of NYSE:SO opened at $87.52 on Monday. The business’s 50 day moving average is $87.60 and its 200 day moving average is $91.75. The stock has a market cap of $96.37 billion, a P/E ratio of 21.66, a price-to-earnings-growth ratio of 2.65 and a beta of 0.46. Southern Company has a 52-week low of $82.05 and a 52-week high of $100.83. The company has a quick ratio of 0.59, a current ratio of 0.75 and a debt-to-equity ratio of 1.69.

Southern (NYSE:SO) last posted its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.09. The business had revenue of $7.82 billion for the quarter, compared to the consensus estimate of $8.04 billion. Southern had a return on equity of 12.52% and a net margin of 15.42%.The business’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.39 EPS. Sell-side analysts predict that Southern Company will post 4.29 EPS for the current year.

About Southern

Southern Company (NYSE: SO) is an Atlanta-based energy holding company that provides electric and gas utility services and owns power generation assets across the United States. Founded in 1945, the company operates a portfolio of regulated electric utilities and affiliated businesses that generate, transmit and distribute electricity to residential, commercial and industrial customers.

Southern’s principal regulated electric subsidiaries include Georgia Power, Alabama Power and Mississippi Power, which serve large portions of the southeastern United States.