9,435 Shares in Southern Company (The) $SO Bought by Kondo Wealth Advisors Inc.

Kondo Wealth Advisors Inc. bought a new position in Southern Company (The) (NYSE:SO) during the third quarter, according to its most recent filing with the SEC. The firm bought 9,435 shares of the utilities provider’s stock, valued at approximately $782,000.

Several other hedge funds have also bought and sold shares of the business. Bank of America Corp DE lifted its stake in shares of Southern by 4.9% in the first quarter. Bank of America Corp DE now owns 8,380,592 shares of the utilities provider’s stock valued at $808,895,000 after buying an additional 392,210 shares in the last quarter. Legal & General Group Plc acquired a new stake in shares of Southern in the 2nd quarter worth about $737,256,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Southern by 9.8% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,681,674 shares of the utilities provider’s stock valued at $543,793,000 after acquiring an additional 508,149 shares in the last quarter. Swiss National Bank lifted its position in Southern by 7.2% in the 1st quarter. Swiss National Bank now owns 3,231,400 shares of the utilities provider’s stock valued at $311,895,000 after acquiring an additional 216,900 shares in the last quarter. Finally, National Pension Service boosted its stake in Southern by 1.9% during the 2nd quarter. National Pension Service now owns 2,932,978 shares of the utilities provider’s stock valued at $280,715,000 after purchasing an additional 54,111 shares during the last quarter. Institutional investors and hedge funds own 64.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on SO. Wall Street Zen raised Southern from a “sell” rating to a “hold” rating in a report on Saturday, September 19th. KeyCorp cut their target price on Southern from $79.00 to $74.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 13th. Morgan Stanley decreased their price target on Southern from $89.00 to $85.00 and set an “underweight” rating for the company in a report on Friday, September 18th. BMO Capital Markets upped their price target on Southern from $102.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Finally, Barclays lowered their price target on Southern from $101.00 to $92.00 and set an “equal weight” rating for the company in a research report on Friday. Seven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $98.47.

Southern Stock Down 1.7%

Southern stock traded down $1.59 during midday trading on Monday, hitting $89.59. 1,937,387 shares of the stock were exchanged, compared to its average volume of 5,829,390. Southern Company has a 52-week low of $81.69 and a 52-week high of $99.58. The company has a quick ratio of 0.59, a current ratio of 0.79 and a debt-to-equity ratio of 1.62. The business’s 50-day moving average price is $87.71 and its 200-day moving average price is $92.14. The stock has a market capitalization of $103.06 billion, a price-to-earnings ratio of 21.48, a price-to-earnings-growth ratio of 2.40 and a beta of 0.31.

Southern (NYSE:SO) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.01 by $0.12. Southern had a net margin of 15.43% and a return on equity of 12.93%. The firm had revenue of $6.98 billion during the quarter, compared to analyst estimates of $7.23 billion. During the same quarter last year, the business posted $0.79 EPS. The company’s revenue for the quarter was up .1% on a year-over-year basis. On average, research analysts expect that Southern Company will post 4.59 EPS for the current fiscal year.

Southern Company Profile

Southern Company (NYSE: SO) is an energy holding company headquartered in Atlanta, Georgia. Through its subsidiaries, the company generates, transmits, distributes and sells electricity, while also providing natural gas distribution and related energy services.

Southern’s electric utility operations include Alabama Power, Georgia Power and Mississippi Power, which serve customers across Alabama, Georgia and Mississippi. The company’s generation portfolio includes nuclear, natural gas, coal, hydroelectric and renewable energy resources.