Southern (SO) Shares Bought by Usca Ria LLC

Usca Ria LLC lifted its holdings in Southern (NYSE:SO) by 40.2% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,134 shares of the utilities provider’s stock after buying an additional 8,360 shares during the period. Usca Ria LLC’s holdings in Southern were worth $1,301,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SO. Creative Planning raised its holdings in shares of Southern by 8.7% in the 4th quarter. Creative Planning now owns 187,712 shares of the utilities provider’s stock worth $9,027,000 after purchasing an additional 15,075 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Southern by 5.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 23,442 shares of the utilities provider’s stock worth $1,127,000 after purchasing an additional 1,160 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of Southern by 4.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,636,723 shares of the utilities provider’s stock worth $174,891,000 after purchasing an additional 153,320 shares during the period. Personal Capital Advisors Corp raised its holdings in shares of Southern by 14.9% in the 4th quarter. Personal Capital Advisors Corp now owns 413,505 shares of the utilities provider’s stock worth $19,885,000 after purchasing an additional 53,536 shares during the period. Finally, Cornerstone Financial Partners LLC bought a new stake in shares of Southern in the 4th quarter worth approximately $563,000. Hedge funds and other institutional investors own 56.04% of the company’s stock.

Shares of SO stock opened at $42.73 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.55 and a debt-to-equity ratio of 1.71. Southern has a 1 year low of $42.38 and a 1 year high of $53.51. The firm has a market cap of $44.13 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 3.35 and a beta of 0.01.

Southern (NYSE:SO) last issued its earnings results on Wednesday, May 2nd. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. Southern had a net margin of 4.88% and a return on equity of 12.97%. The business had revenue of $6.37 billion for the quarter, compared to analysts’ expectations of $5.98 billion. During the same quarter in the previous year, the firm posted $0.66 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. sell-side analysts expect that Southern will post 2.89 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 6th. Shareholders of record on Monday, May 21st will be issued a dividend of $0.60 per share. This is a boost from Southern’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, May 18th. This represents a $2.40 dividend on an annualized basis and a yield of 5.62%. Southern’s payout ratio is presently 76.82%.

A number of research firms recently commented on SO. Zacks Investment Research raised shares of Southern from a “sell” rating to a “hold” rating in a report on Tuesday, May 1st. Credit Suisse Group lifted their price target on shares of Southern to $45.00 and gave the stock a “neutral” rating in a report on Monday, May 7th. Morgan Stanley lowered their price target on shares of Southern from $48.00 to $44.00 and set an “underweight” rating on the stock in a report on Tuesday, February 13th. JPMorgan Chase lifted their price target on shares of Southern from $43.00 to $45.00 and gave the stock an “underweight” rating in a report on Tuesday, April 10th. Finally, TheStreet cut shares of Southern from a “b-” rating to a “c” rating in a report on Monday, March 26th. Six research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $49.17.

Southern Company Profile

The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. 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, New Jersey, Florida, Tennessee, and Maryland, as well as provides gas marketing services, wholesale gas services, and gas midstream operations.

Institutional Ownership by Quarter for Southern (NYSE:SO)

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