Capstone Wealth Management LLC Invests $571,000 in The Southern Company (NYSE:SO)

Capstone Wealth Management LLC bought a new stake in The Southern Company (NYSE:SO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,937 shares of the utilities provider’s stock, valued at approximately $571,000. Southern makes up approximately 0.6% of Capstone Wealth Management LLC’s portfolio, making the stock its 23rd largest position.

Other large investors have also added to or reduced their stakes in the company. Retirement Wealth Solutions LLC purchased a new stake in Southern during the 4th quarter worth about $25,000. Frazier Financial Advisors LLC boosted its stake in Southern by 168.1% in the third quarter. Frazier Financial Advisors LLC now owns 311 shares of the utilities provider’s stock worth $28,000 after buying an additional 195 shares in the last quarter. West Branch Capital LLC grew its holdings in shares of Southern by 34.7% during the 3rd quarter. West Branch Capital LLC now owns 501 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 129 shares during the last quarter. Quarry LP bought a new position in shares of Southern during the third quarter valued at about $49,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in Southern in the 3rd quarter worth approximately $49,000. Hedge funds and other institutional investors own 64.10% of the company’s stock.

Southern Stock Up 1.0 %

SO stock opened at $84.72 on Wednesday. The Southern Company has a twelve month low of $65.80 and a twelve month high of $94.45. The stock has a market cap of $92.82 billion, a P/E ratio of 19.70, a PEG ratio of 2.86 and a beta of 0.52. The business’s 50-day moving average price is $84.62 and its 200-day moving average price is $86.36. The company has a quick ratio of 0.66, a current ratio of 0.91 and a debt-to-equity ratio of 1.66.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Morgan Stanley lowered their price target on Southern from $88.00 to $85.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. BMO Capital Markets lowered their price objective on Southern from $99.00 to $97.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Barclays upped their price target on Southern from $71.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Scotiabank lifted their target price on shares of Southern from $96.00 to $98.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Finally, Guggenheim upped their price target on Southern from $93.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $90.14.

Insider Buying and Selling at Southern

In related news, EVP Martin Bernard Davis sold 1,170 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $85.90, for a total value of $100,503.00. Following the sale, the executive vice president now owns 88,393 shares in the company, valued at approximately $7,592,958.70. The trade was a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by insiders.

About Southern

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.