Jackson Hole Capital Partners LLC Has $5.96 Million Stock Holdings in The Southern Company (NYSE:SO)

Jackson Hole Capital Partners LLC cut its holdings in The Southern Company (NYSE:SO) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 72,397 shares of the utilities provider’s stock after selling 657 shares during the quarter. Southern makes up 1.2% of Jackson Hole Capital Partners LLC’s portfolio, making the stock its 18th largest position. Jackson Hole Capital Partners LLC’s holdings in Southern were worth $5,960,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Retirement Wealth Solutions LLC acquired a new stake in shares of Southern in the fourth quarter valued at $25,000. YANKCOM Partnership acquired a new stake in Southern in the fourth quarter worth about $26,000. Frazier Financial Advisors LLC increased its position in Southern by 168.1% in the third quarter. Frazier Financial Advisors LLC now owns 311 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 195 shares during the period. WFA Asset Management Corp increased its position in Southern by 84.9% in the fourth quarter. WFA Asset Management Corp now owns 429 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 197 shares during the period. Finally, Valley National Advisers Inc. increased its position in Southern by 244.4% in the fourth quarter. Valley National Advisers Inc. now owns 434 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 308 shares during the period. 64.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Southern

In other Southern news, EVP Martin Bernard Davis sold 1,125 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $89.61, for a total value of $100,811.25. Following the sale, the executive vice president now owns 102,090 shares in the company, valued at approximately $9,148,284.90. The trade was a 1.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO James Jeffrey Peoples sold 14,540 shares of the business’s stock in a transaction that occurred 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

SO has been the subject of a number of research reports. Guggenheim lowered Southern from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Mizuho lifted their price objective on Southern from $83.00 to $85.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Scotiabank lifted their price objective on Southern from $96.00 to $98.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley lowered their price objective on Southern from $88.00 to $85.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Southern currently has a consensus rating of “Hold” and an average price target of $90.54.

Southern Trading Up 3.2 %

NYSE:SO opened at $91.54 on Friday. The Southern Company has a fifty-two week low of $67.53 and a fifty-two week high of $94.45. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.67 and a quick ratio of 0.66. The stock has a market capitalization of $100.40 billion, a PE ratio of 22.83, a price-to-earnings-growth ratio of 3.01 and a beta of 0.46. The business’s 50-day simple moving average is $85.07 and its 200-day simple moving average is $87.00.

Southern (NYSE:SO) last released 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 net margin of 16.47% and a return on equity of 12.23%. The business had revenue of $6.34 billion for the quarter, compared to the consensus estimate of $5.90 billion. Sell-side analysts expect that The Southern Company will post 4.29 earnings per share for the current fiscal year.

Southern Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Tuesday, February 18th. Southern’s dividend payout ratio (DPR) is presently 71.82%.

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.