9,116 Shares in Southern Company (The) $SO Acquired by Krilogy Financial LLC

by · The Cerbat Gem

Krilogy Financial LLC purchased a new stake in Southern Company (The) (NYSE:SO – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,116 shares of the utilities provider’s stock, valued at approximately $833,000.

Several other institutional investors also recently bought and sold shares of the business. Empowered Funds LLC boosted its position in Southern by 17.5% during the 1st quarter. Empowered Funds LLC now owns 34,003 shares of the utilities provider’s stock worth $3,127,000 after purchasing an additional 5,067 shares during the period. TD Asset Management Inc lifted its stake in shares of Southern by 2.4% during the second quarter. TD Asset Management Inc now owns 403,551 shares of the utilities provider’s stock worth $37,058,000 after purchasing an additional 9,590 shares in the last quarter. Harbour Investments Inc. lifted its stake in shares of Southern by 9.0% during the second quarter. Harbour Investments Inc. now owns 25,524 shares of the utilities provider’s stock worth $2,344,000 after purchasing an additional 2,100 shares in the last quarter. Ritholtz Wealth Management boosted its position in shares of Southern by 18.1% in the second quarter. Ritholtz Wealth Management now owns 20,036 shares of the utilities provider’s stock worth $1,840,000 after buying an additional 3,065 shares during the period. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Southern in the second quarter valued at about $670,000. 64.10% of the stock is currently owned by hedge funds and other institutional investors.

Southern Stock Up 2.6%

SO stock opened at $94.93 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.59 and a debt-to-equity ratio of 1.69. The firm has a 50 day simple moving average of $87.90 and a 200-day simple moving average of $91.38. The company has a market capitalization of $104.53 billion, a P/E ratio of 23.50, a PEG ratio of 2.80 and a beta of 0.45. Southern Company has a twelve month low of $83.09 and a twelve month high of $100.83.

Southern Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Tuesday, February 17th will be given a $0.74 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.96 annualized dividend and a dividend yield of 3.1%. Southern’s payout ratio is presently 73.27%.

Analyst Ratings Changes

Several equities analysts recently commented on SO shares. The Goldman Sachs Group lowered Southern from a “buy” rating to a “neutral” rating and set a $98.00 price target on the stock. in a research report on Thursday, November 6th. Wall Street Zen lowered shares of Southern from a “hold” rating to a “sell” rating in a research note on Saturday, December 6th. UBS Group decreased their target price on shares of Southern from $98.00 to $94.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. TD Cowen reaffirmed a “buy” rating on shares of Southern in a research note on Thursday, December 11th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $105.00 price objective on shares of Southern in a report on Friday, January 23rd. Four analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $94.91.

Read Our Latest Stock Analysis on SO

Southern Profile

(Free Report)

Southern Company (NYSE: SO) is an Atlanta-based energy holding company that provides electric and gas utility services and owns power generation assets across the United States. Founded in 1945, the company operates a portfolio of regulated electric utilities and affiliated businesses that generate, transmit and distribute electricity to residential, commercial and industrial customers.

Southern’s principal regulated electric subsidiaries include Georgia Power, Alabama Power and Mississippi Power, which serve large portions of the southeastern United States.

See Also

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