Kentucky Retirement Programs Insurance coverage Belief Fund acquired a brand new stake in Southern Co (NYSE:SO) within the 2nd quarter, in line with the corporate in its most up-to-date Type 13F submitting with the Securities and Trade Fee (SEC). The agency acquired 25,971 shares of the utilities supplier’s inventory, valued at roughly $1,347,000.
Plenty of different giant buyers have additionally just lately modified their holdings of SO. Keebeck Wealth Administration LLC acquired a brand new stake in Southern within the second quarter valued at roughly $29,000. Legacy Bridge LLC acquired a brand new stake in Southern within the second quarter valued at roughly $31,000. MV Capital Administration Inc. raised its holdings in Southern by 562.0{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} within the second quarter. MV Capital Administration Inc. now owns 662 shares of the utilities supplier’s inventory valued at $34,000 after buying a further 562 shares within the final quarter. Status Wealth Administration Group LLC raised its holdings in Southern by 454.4{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} within the first quarter. Status Wealth Administration Group LLC now owns 693 shares of the utilities supplier’s inventory valued at $38,000 after buying a further 568 shares within the final quarter. Lastly, Perennial Advisors LLC acquired a brand new stake in Southern within the first quarter valued at roughly $43,000. 57.29{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} of the inventory is at present owned by hedge funds and different institutional buyers.
In associated information, CEO Stephen E. Kuczynski bought 2,500 shares of the enterprise’s inventory in a transaction dated Wednesday, June tenth. The shares have been bought at a mean value of $59.26, for a complete worth of $148,150.00. Following the sale, the chief government officer now straight owns 79,496 shares within the firm, valued at roughly $4,710,932.96. The transaction was disclosed in a authorized submitting with the Securities & Trade Fee, which is on the market via this hyperlink. Additionally, EVP James Y. Kerr II bought 50,000 shares of the enterprise’s inventory in a transaction dated Monday, June eighth. The inventory was bought at a mean value of $59.41, for a complete transaction of $2,970,500.00. Following the completion of the sale, the manager vp now owns 117,206 shares within the firm, valued at $6,963,208.46. The disclosure for this sale could be discovered right here. Insiders have bought a complete of 57,500 shares of firm inventory price $3,393,650 during the last 90 days. Insiders personal 0.39{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} of the corporate’s inventory.
Shares of NYSE SO traded down $0.25 throughout buying and selling on Monday, hitting $52.17. 39,354 shares of the corporate have been exchanged, in comparison with its common quantity of 5,233,916. The corporate has a market cap of $55.36 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 4.15 and a beta of 0.42. Southern Co has a 1 yr low of $41.96 and a 1 yr excessive of $71.10. The agency’s fifty day shifting common value is $53.85 and its 200 day shifting common value is $56.54. The corporate has a debt-to-equity ratio of 1.46, a present ratio of 0.97 and a fast ratio of 0.75.
Southern (NYSE:SO) final issued its earnings outcomes on Thursday, July thirtieth. The utilities supplier reported $0.78 EPS for the quarter, topping the consensus estimate of $0.67 by $0.11. The corporate had income of $4.62 billion for the quarter, in comparison with analyst estimates of $4.93 billion. Southern had a web margin of 15.83{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} and a return on fairness of 10.47{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05}. The enterprise’s income was down 9.4{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05} on a year-over-year foundation. Throughout the identical interval within the earlier yr, the agency earned $0.80 EPS. On common, analysis analysts forecast that Southern Co will put up 3.16 earnings per share for the present yr.
The enterprise additionally just lately introduced a quarterly dividend, which might be paid on Tuesday, September eighth. Shareholders of document on Monday, August seventeenth might be given a dividend of $0.64 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $2.56 annualized dividend and a dividend yield of 4.91{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05}. Southern’s payout ratio is at present 82.32{5667a53774e7bc9e4190cccc01624aae270829869c681dac1da167613dca7d05}.
Plenty of analysts have weighed in on the inventory. Seaport International Securities assumed protection on shares of Southern in a report on Wednesday, Might twentieth. They set a “purchase” score and a $60.00 value goal on the inventory. KeyCorp lower their value goal on shares of Southern from $71.00 to $65.00 and set an “chubby” score on the inventory in a report on Tuesday, July twenty first. Mizuho lower their value goal on shares of Southern from $55.00 to $53.00 and set a “impartial” score on the inventory in a report on Wednesday, July twenty second. Credit score Suisse Group raised shares of Southern from an “underperform” score to a “impartial” score and raised their value goal for the inventory from $60.00 to $61.00 in a report on Monday, Might 4th. Lastly, Zacks Funding Analysis lower shares of Southern from a “purchase” score to a “maintain” score and set a $59.00 value goal on the inventory. in a report on Tuesday, Might fifth. 4 analysts have rated the inventory with a promote score, ten have given a maintain score and 4 have assigned a purchase score to the corporate’s inventory. Southern presently has a mean score of “Maintain” and a mean goal value of $62.16.
About Southern
The Southern Firm, via its subsidiaries, engages within the technology, transmission, and distribution of electrical energy. It operates in 4 segments: Fuel Distribution Operations, Fuel Pipeline Investments, Wholesale Fuel Companies, and Fuel Advertising Companies. The corporate additionally constructs, acquires, owns, and manages energy technology property, together with renewable vitality services and sells electrical energy within the wholesale market; and distributes pure gasoline in Illinois, Georgia, Virginia, and Tennessee, in addition to gives gasoline advertising and marketing providers, wholesale gasoline providers, and gasoline pipeline investments operations.
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