Capital Advisors Wealth Management LLC Purchases 2,062 Shares of The Southern Company (NYSE:SO)

Capital Advisors Wealth Management LLC increased its position in The Southern Company (NYSE:SO) by 81.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,579 shares of the utilities provider’s stock after acquiring an additional 2,062 shares during the quarter. Capital Advisors Wealth Management LLC’s holdings in Southern were worth $377,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in shares of Southern by 4.6% in the third quarter. Geode Capital Management LLC now owns 24,521,339 shares of the utilities provider’s stock valued at $2,203,386,000 after acquiring an additional 1,075,768 shares during the period. Mizuho Securities USA LLC raised its stake in Southern by 17,272.6% during the 3rd quarter. Mizuho Securities USA LLC now owns 14,647,000 shares of the utilities provider’s stock valued at $1,320,866,000 after purchasing an additional 14,562,689 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Southern by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,405,596 shares of the utilities provider’s stock valued at $577,657,000 after purchasing an additional 52,414 shares during the period. Swiss National Bank grew its position in Southern by 0.5% in the 3rd quarter. Swiss National Bank now owns 3,245,500 shares of the utilities provider’s stock worth $292,679,000 after purchasing an additional 15,300 shares during the last quarter. Finally, Synovus Financial Corp increased its holdings in shares of Southern by 72.4% during the 3rd quarter. Synovus Financial Corp now owns 3,077,959 shares of the utilities provider’s stock worth $277,570,000 after purchasing an additional 1,293,072 shares during the period. Institutional investors and hedge funds own 64.10% of the company’s stock.

Southern Trading Up 1.8 %

Shares of SO stock opened at $83.86 on Friday. The company has a market capitalization of $91.88 billion, a P/E ratio of 19.50, a P/E/G ratio of 2.77 and a beta of 0.52. The Southern Company has a 12-month low of $65.80 and a 12-month high of $94.45. The company has a quick ratio of 0.66, a current ratio of 0.91 and a debt-to-equity ratio of 1.66. The firm has a 50-day moving average price of $84.86 and a 200 day moving average price of $86.16.

Southern (NYSE:SO) last posted its earnings results on Thursday, October 31st. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. The company had revenue of $7.27 billion during the quarter, compared to analysts’ expectations of $7.14 billion. Southern had a net margin of 17.87% and a return on equity of 12.78%. Southern’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.42 earnings per share. Research analysts forecast that The Southern Company will post 4.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SO has been the subject of several research reports. Barclays increased their target price on shares of Southern from $71.00 to $83.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. UBS Group raised their price objective on Southern from $90.00 to $91.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Jefferies Financial Group began coverage on Southern in a research report on Friday, September 20th. They set a “hold” rating and a $94.00 price objective on the stock. Scotiabank raised their target price on Southern from $96.00 to $98.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley decreased their price target on shares of Southern from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Southern has an average rating of “Hold” and an average price target of $90.14.

Insiders Place Their Bets

In other Southern news, EVP Martin Bernard Davis sold 1,170 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $85.90, for a total value of $100,503.00. Following the completion of the sale, the executive vice president now owns 88,393 shares in the company, valued at approximately $7,592,958.70. This trade represents a 1.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.18% of the company’s stock.

Southern Profile

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, gas distribution operations, and gas pipeline investments operations.