Diversify Advisory Providers LLC grew its stake in The Southern Firm (NYSE:SO – Free Report) by 40.5% in the course of the third quarter, HoldingsChannel studies. The agency owned 11,222 shares of the utilities supplier’s inventory after buying a further 3,237 shares in the course of the quarter. Diversify Advisory Providers LLC’s holdings in Southern had been price $1,045,000 on the finish of the latest reporting interval.
A number of different massive traders additionally not too long ago modified their holdings of the inventory. MBA Advisors LLC purchased a brand new stake in shares of Southern within the third quarter valued at roughly $219,000. Legacy Wealth Administration Inc purchased a brand new stake in shares of Southern within the third quarter valued at roughly $434,000. Fortitude Household Workplace LLC grew its place in Southern by 278.1% in the course of the third quarter. Fortitude Household Workplace LLC now owns 3,524 shares of the utilities supplier’s inventory price $318,000 after buying a further 2,592 shares over the past quarter. Brown Monetary Advisory purchased a brand new stake in Southern in the course of the third quarter price roughly $220,000. Lastly, abrdn plc grew its place in Southern by 5.5% in the course of the third quarter. abrdn plc now owns 424,733 shares of the utilities supplier’s inventory price $38,328,000 after buying a further 21,998 shares over the past quarter. 64.10% of the inventory is at present owned by institutional traders.
Analysts Set New Value Targets
Various equities analysis analysts not too long ago commented on the corporate. Mizuho lowered Southern from an “outperform” score to a “impartial” score and set a $90.00 worth goal on the inventory. in a analysis report on Monday, September sixteenth. Jefferies Monetary Group assumed protection on Southern in a analysis report on Friday, September twentieth. They set a “maintain” score and a $94.00 worth goal on the inventory. Barclays elevated their worth goal on Southern from $71.00 to $83.00 and gave the inventory an “equal weight” score in a analysis report on Tuesday, October fifteenth. JPMorgan Chase & Co. elevated their worth goal on Southern from $80.00 to $87.00 and gave the inventory an “underweight” score in a analysis report on Monday, August twelfth. Lastly, Scotiabank upped their worth goal on Southern from $87.00 to $96.00 and gave the inventory a “sector outperform” score in a report on Tuesday, August twentieth. One analysis analyst has rated the inventory with a promote score, 9 have issued a maintain score and 7 have given a purchase score to the inventory. Based mostly on knowledge from MarketBeat, the inventory has a median score of “Maintain” and a median goal worth of $89.07.
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Southern Inventory Efficiency
SO inventory opened at $89.38 on Thursday. The enterprise’s fifty day transferring common is $89.60 and its 200-day transferring common is $82.95. The corporate has a fast ratio of 0.66, a present ratio of 0.91 and a debt-to-equity ratio of 1.66. The corporate has a market cap of $97.73 billion, a P/E ratio of 21.28, a price-to-earnings-growth ratio of three.29 and a beta of 0.52. The Southern Firm has a twelve month low of $65.80 and a twelve month excessive of $94.45.
Southern (NYSE:SO – Get Free Report) final issued its quarterly earnings knowledge on Thursday, August 1st. The utilities supplier reported $1.10 EPS for the quarter, topping the consensus estimate of $0.91 by $0.19. The enterprise had income of $6.46 billion for the quarter, in comparison with the consensus estimate of $6.10 billion. Southern had a return on fairness of 12.88% and a internet margin of 17.67%. The agency’s income was up 12.4% in comparison with the identical quarter final yr. Throughout the identical quarter final yr, the enterprise posted $0.79 EPS. Equities analysis analysts forecast that The Southern Firm will submit 4.02 EPS for the present yr.
Southern Publicizes Dividend
The agency additionally not too long ago disclosed a quarterly dividend, which will probably be paid on Friday, December sixth. Traders of document on Monday, November 18th will probably be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of three.22%. The ex-dividend date of this dividend is Monday, November 18th. Southern’s payout ratio is presently 68.57%.
Insider Shopping for and Promoting
In associated information, EVP Sterling A. Jr. Spainhour offered 2,380 shares of the agency’s inventory in a transaction on Monday, August fifth. The inventory was offered at a median worth of $88.99, for a complete transaction of $211,796.20. Following the sale, the chief vp now owns 12,500 shares of the corporate’s inventory, valued at roughly $1,112,375. This commerce represents a 0.00 % lower of their place. The sale was disclosed in a submitting with the SEC, which could be accessed by this hyperlink. In different Southern information, EVP Sterling A. Jr. Spainhour offered 2,380 shares of the inventory in a transaction dated Monday, August fifth. The inventory was offered at a median worth of $88.99, for a complete transaction of $211,796.20. Following the completion of the transaction, the chief vp now owns 12,500 shares within the firm, valued at roughly $1,112,375. This represents a 0.00 % lower of their place. The transaction was disclosed in a doc filed with the Securities & Change Fee, which is accessible by this hyperlink. Additionally, EVP Bryan D. Anderson offered 6,565 shares of the inventory in a transaction dated Friday, September sixth. The inventory was offered at a median worth of $89.54, for a complete worth of $587,830.10. Following the transaction, the chief vp now owns 44,467 shares of the corporate’s inventory, valued at roughly $3,981,575.18. This commerce represents a 0.00 % lower of their place. The disclosure for this sale could be discovered right here. Within the final quarter, insiders have offered 38,945 shares of firm inventory valued at $3,488,826. 0.18% of the inventory is owned by firm insiders.
About Southern
The Southern Firm, by its subsidiaries, engages within the technology, transmission, and distribution of electrical energy. The corporate additionally develops, constructs, acquires, owns, and manages energy technology belongings, together with renewable power initiatives and sells electrical energy within the wholesale market; and distributes pure gasoline in Illinois, Georgia, Virginia, and Tennessee, in addition to offers gasoline advertising companies, gasoline distribution operations, and gasoline pipeline investments operations.
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