Sapient Capital LLC Purchases Shares of 5,065 The Southern Company (NYSE:SO)

Sapient Capital LLC purchased a new stake in The Southern Company (NYSE:SOFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,065 shares of the utilities provider’s stock, valued at approximately $355,000.

Other hedge funds have also recently bought and sold shares of the company. Sanctuary Wealth Management L.L.C. bought a new position in shares of Southern during the 4th quarter worth about $34,000. BKM Wealth Management LLC bought a new position in shares of Southern during the 4th quarter worth about $34,000. Valley National Advisers Inc. lifted its holdings in shares of Southern by 63.9% during the 4th quarter. Valley National Advisers Inc. now owns 526 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 205 shares during the period. RVW Wealth LLC bought a new position in shares of Southern during the 3rd quarter worth about $35,000. Finally, Dark Forest Capital Management LP bought a new position in Southern during the 1st quarter valued at about $43,000. 64.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SO shares. Mizuho lifted their price target on shares of Southern from $73.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. BMO Capital Markets reissued an “outperform” rating and set a $76.00 price target (up from $72.00) on shares of Southern in a report on Monday, April 1st. Royal Bank of Canada reissued an “outperform” rating and set a $80.00 price target on shares of Southern in a report on Wednesday, February 21st. Wells Fargo & Company lowered their price objective on shares of Southern from $75.00 to $72.00 and set an “equal weight” rating for the company in a research report on Friday, February 16th. Finally, Barclays lowered their price objective on shares of Southern from $68.00 to $67.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $74.14.

Get Our Latest Research Report on Southern

Southern Stock Down 1.2 %

Southern stock opened at $68.73 on Monday. The company’s 50 day simple moving average is $68.76 and its 200 day simple moving average is $68.93. The Southern Company has a fifty-two week low of $61.56 and a fifty-two week high of $75.80. The firm has a market capitalization of $75.23 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 4.29 and a beta of 0.49. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.77 and a quick ratio of 0.56.

Southern (NYSE:SOGet Free Report) last released its quarterly earnings data on Thursday, February 15th. The utilities provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.05. Southern had a net margin of 15.79% and a return on equity of 11.40%. The business had revenue of $6.05 billion for the quarter, compared to analyst estimates of $6.90 billion. During the same quarter last year, the firm earned $0.26 EPS. Southern’s quarterly revenue was down 14.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Southern Company will post 4 EPS for the current year.

Southern Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Tuesday, February 20th were issued a dividend of $0.70 per share. The ex-dividend date was Friday, February 16th. This represents a $2.80 dividend on an annualized basis and a yield of 4.07%. Southern’s payout ratio is 77.14%.

Insider Buying and Selling

In other Southern news, CEO Stephen E. Kuczynski sold 5,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $66.94, for a total value of $334,700.00. Following the transaction, the chief executive officer now directly owns 129,552 shares in the company, valued at $8,672,210.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Stephen E. Kuczynski sold 5,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $66.94, for a total value of $334,700.00. Following the transaction, the chief executive officer now directly owns 129,552 shares in the company, valued at $8,672,210.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David P. Poroch sold 10,099 shares of the company’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $69.96, for a total transaction of $706,526.04. Following the completion of the transaction, the insider now owns 28,691 shares in the company, valued at $2,007,222.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,998 shares of company stock worth $1,446,113. Insiders own 0.37% of the company’s stock.

Southern Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Southern (NYSE:SO)

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