The Southern Company (NYSE:SO) Shares Acquired by MBM Wealth Consultants LLC

MBM Wealth Consultants LLC raised its stake in shares of The Southern Company (NYSE:SO) by 7.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,861 shares of the utilities provider’s stock after buying an additional 255 shares during the quarter. MBM Wealth Consultants LLC’s holdings in Southern were worth $317,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Southern

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

Southern Price Performance

NYSE:SO opened at $84.72 on Wednesday. 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 business’s 50-day moving average price is $84.62 and its 200 day moving average price is $86.36. The Southern Company has a 52-week low of $65.80 and a 52-week high of $94.45. The firm 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.

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

Analyst Ratings Changes

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

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.