Signal Advisors Wealth LLC Has $328,000 Stock Holdings in The Southern Company (NYSE:SO)

Signal Advisors Wealth LLC reduced its position in shares of The Southern Company (NYSE:SO) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,985 shares of the utilities provider’s stock after selling 138 shares during the period. Signal Advisors Wealth LLC’s holdings in Southern were worth $328,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SO. Frazier Financial Advisors LLC raised its holdings in shares of Southern by 168.1% during the 3rd quarter. Frazier Financial Advisors LLC now owns 311 shares of the utilities provider’s stock worth $28,000 after buying an additional 195 shares in the last quarter. West Branch Capital LLC raised its stake in Southern by 34.7% during the third quarter. West Branch Capital LLC now owns 501 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 129 shares in the last quarter. Quarry LP bought a new position in shares of Southern in the third quarter worth about $49,000. Safe Harbor Fiduciary LLC bought a new position in shares of Southern in the third quarter worth about $49,000. Finally, Activest Wealth Management acquired a new stake in shares of Southern in the 3rd quarter valued at approximately $54,000. 64.10% of the stock is currently owned by institutional investors.

Insider Transactions at Southern

In other news, EVP Martin Bernard Davis sold 1,170 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $85.90, for a total transaction of $100,503.00. Following the transaction, the executive vice president now owns 88,393 shares in the company, valued at approximately $7,592,958.70. This represents a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.18% of the company’s stock.

Southern Price Performance

Shares of NYSE SO opened at $82.34 on Thursday. 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 company has a market capitalization of $90.22 billion, a PE ratio of 19.15, a P/E/G ratio of 3.04 and a beta of 0.52. The firm has a fifty day simple moving average of $84.96 and a 200 day simple moving average of $86.19. The Southern Company has a twelve month low of $65.80 and a twelve month high of $94.45.

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, beating analysts’ consensus estimates of $1.33 by $0.10. The company had revenue of $7.27 billion for the quarter, compared to the consensus estimate of $7.14 billion. Southern had a return on equity of 12.78% and a net margin of 17.87%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.42 EPS. On average, sell-side analysts forecast that The Southern Company will post 4.03 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on SO. Guggenheim increased their price objective on shares of Southern from $93.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. UBS Group increased their price target on Southern from $90.00 to $91.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. BMO Capital Markets reduced their price objective on Southern from $99.00 to $97.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Scotiabank upped their target price on Southern from $96.00 to $98.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Finally, Barclays lifted their price target on Southern from $71.00 to $83.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $90.14.

About Southern

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.