Kaydan Wealth Management Inc. Buys 162 Shares of The Southern Company (NYSE:SO)

Kaydan Wealth Management Inc. boosted its stake in The Southern Company (NYSE:SO) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,317 shares of the utilities provider’s stock after acquiring an additional 162 shares during the period. Kaydan Wealth Management Inc.’s holdings in Southern were worth $273,000 at the end of the most recent quarter.

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

Insider Activity at Southern

In related news, EVP Martin Bernard Davis sold 1,170 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $85.90, for a total transaction of $100,503.00. Following the completion of the transaction, the executive vice president now owns 88,393 shares in the company, valued at approximately $7,592,958.70. This represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SO has been the topic of several recent analyst reports. Morgan Stanley dropped their price target on Southern from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Scotiabank increased their target price on shares of Southern from $96.00 to $98.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. BMO Capital Markets decreased their price target on shares of Southern from $99.00 to $97.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Barclays increased their price objective on shares of Southern from $71.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Finally, Guggenheim boosted their target price on Southern from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Southern presently has an average rating of “Hold” and a consensus price target of $90.14.

Southern Price Performance

Shares of NYSE:SO opened at $83.92 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.66 and a debt-to-equity ratio of 1.66. The stock has a market cap of $91.95 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 2.77 and a beta of 0.52. The stock’s fifty day simple moving average is $84.70 and its two-hundred day simple moving average is $86.31. The Southern Company has a 1-year low of $65.80 and a 1-year high of $94.45.

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

Southern Company 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.