Prime Capital Investment Advisors LLC Has $220,000 Position in Southern Co (SO)

Prime Capital Investment Advisors LLC lessened its stake in Southern Co (NYSE:SO) by 59.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,250 shares of the utilities provider’s stock after selling 6,200 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Southern were worth $220,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SO. Sontag Advisory LLC bought a new position in Southern in the fourth quarter valued at about $25,000. Vigilant Capital Management LLC bought a new stake in shares of Southern during the fourth quarter worth about $30,000. Trust Department MB Financial Bank N A grew its holdings in shares of Southern by 49.0% during the first quarter. Trust Department MB Financial Bank N A now owns 766 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 252 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Southern by 38.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 798 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 220 shares during the last quarter. Finally, Liberty Wealth Management LLC bought a new stake in shares of Southern during the fourth quarter worth about $35,000. 56.89% of the stock is owned by institutional investors and hedge funds.

Southern stock opened at $52.39 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.54 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $54.53 billion, a P/E ratio of 17.07, a P/E/G ratio of 3.86 and a beta of 0.20. Southern Co has a one year low of $42.42 and a one year high of $52.98.

Southern (NYSE:SO) last posted its quarterly earnings data on Wednesday, February 20th. The utilities provider reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. The company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $4.88 billion. Southern had a return on equity of 11.39% and a net margin of 9.54%. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 earnings per share. Equities analysts predict that Southern Co will post 3.03 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Monday, May 20th will be paid a $0.62 dividend. This is a positive change from Southern’s previous quarterly dividend of $0.60. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date is Friday, May 17th. Southern’s payout ratio is currently 78.18%.

Several analysts have recently weighed in on the company. ValuEngine cut Southern from a “buy” rating to a “hold” rating in a report on Monday, April 1st. SunTrust Banks restated a “hold” rating and set a $52.00 price target on shares of Southern in a report on Monday, February 25th. restated a “sell” rating on shares of Southern in a report on Wednesday, February 13th. restated a “sell” rating on shares of Southern in a report on Wednesday, February 13th. Finally, Citigroup upgraded Southern from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $45.00 to $50.00 in a report on Thursday, January 24th. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company’s stock. Southern has a consensus rating of “Hold” and an average price target of $47.15.

In related news, insider Mark Lantrip sold 33,000 shares of Southern stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $49.50, for a total value of $1,633,500.00. Following the transaction, the insider now directly owns 56,157 shares of the company’s stock, valued at $2,779,771.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Stephen E. Kuczynski sold 7,000 shares of Southern stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $51.68, for a total value of $361,760.00. Following the completion of the transaction, the chief executive officer now directly owns 77,772 shares in the company, valued at $4,019,256.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 383,341 shares of company stock worth $19,342,988. 0.73% of the stock is owned by insiders.

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Southern Profile

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates in four segments: Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services. The company also constructs, acquires, owns, and manages power generation assets, including renewable energy facilities and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, wholesale gas services, and gas pipeline investments operations.

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Institutional Ownership by Quarter for Southern (NYSE:SO)

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