Bryn Mawr Capital Management LLC Has $109,000 Stock Holdings in The Southern Company (NYSE:SO)

Bryn Mawr Capital Management LLC trimmed its position in The Southern Company (NYSE:SO) by 86.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,329 shares of the utilities provider’s stock after selling 8,559 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Southern were worth $109,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Abel Hall LLC raised its position in shares of Southern by 1.8% in the third quarter. Abel Hall LLC now owns 6,830 shares of the utilities provider’s stock valued at $616,000 after buying an additional 120 shares in the last quarter. Birchcreek Wealth Management LLC raised its position in shares of Southern by 4.5% in the third quarter. Birchcreek Wealth Management LLC now owns 2,836 shares of the utilities provider’s stock valued at $256,000 after buying an additional 121 shares in the last quarter. Truvestments Capital LLC raised its position in shares of Southern by 4.3% in the third quarter. Truvestments Capital LLC now owns 3,011 shares of the utilities provider’s stock valued at $272,000 after buying an additional 123 shares in the last quarter. Arete Wealth Advisors LLC raised its position in shares of Southern by 0.7% in the third quarter. Arete Wealth Advisors LLC now owns 18,209 shares of the utilities provider’s stock valued at $1,637,000 after buying an additional 125 shares in the last quarter. Finally, Hobbs Group Advisors LLC increased its stake in Southern by 8.0% in the third quarter. Hobbs Group Advisors LLC now owns 1,678 shares of the utilities provider’s stock valued at $151,000 after acquiring an additional 125 shares during the last quarter. 64.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SO has been the topic of a number of recent analyst reports. BMO Capital Markets decreased their price objective on shares of Southern from $99.00 to $97.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Morgan Stanley decreased their price objective on shares of Southern from $88.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Mizuho lifted their price objective on shares of Southern from $83.00 to $85.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. 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 note on Thursday, December 12th. Finally, Guggenheim cut shares of Southern from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Southern presently has a consensus rating of “Hold” and a consensus price target of $90.54.

Southern Stock Performance

NYSE SO opened at $88.46 on Friday. The firm’s fifty day moving average price is $83.70 and its two-hundred day moving average price is $86.82. The stock has a market cap of $96.92 billion, a PE ratio of 22.06, a PEG ratio of 3.01 and a beta of 0.53. The Southern Company has a fifty-two week low of $65.99 and a fifty-two week high of $94.45. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.66 and a current ratio of 0.67.

Southern (NYSE:SO) last issued its quarterly earnings data on Thursday, February 20th. The utilities provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.01). Southern had a return on equity of 12.23% and a net margin of 16.47%. The business had revenue of $6.34 billion during the quarter, compared to the consensus estimate of $5.90 billion. On average, equities analysts expect that The Southern Company will post 4.29 EPS for the current fiscal year.

Southern Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.88 annualized dividend and a dividend yield of 3.26%. Southern’s dividend payout ratio is 71.82%.

Insider Buying and Selling

In related news, CEO James Jeffrey Peoples sold 14,540 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $86.00, for a total value of $1,250,440.00. Following the transaction, the chief executive officer now owns 13,236 shares in the company, valued at $1,138,296. The trade was a 52.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 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. The trade was a 1.31 % decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Southern 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.