Wright Buyers Service Inc. trimmed its holdings in shares of The Southern Firm (NYSE:SO – Free Report) by 2.0% through the third quarter, in response to its most up-to-date 13F submitting with the Securities and Trade Fee (SEC). The fund owned 10,568 shares of the utilities supplier’s inventory after promoting 213 shares through the quarter. Wright Buyers Service Inc.’s holdings in Southern had been value $953,000 on the finish of the newest quarter.
Different institutional traders and hedge funds have additionally lately added to or lowered their stakes within the firm. Voisard Asset Administration Group Inc. acquired a brand new stake in shares of Southern through the fourth quarter value $31,000. Scarborough Advisors LLC acquired a brand new place in shares of Southern within the 4th quarter valued at about $31,000. Versant Capital Administration Inc boosted its place in shares of Southern by 62.0% through the 1st quarter. Versant Capital Administration Inc now owns 444 shares of the utilities supplier’s inventory valued at $32,000 after buying an extra 170 shares within the final quarter. Monetary Synergies Wealth Advisors Inc. grew its stake in Southern by 3,628.6% through the first quarter. Monetary Synergies Wealth Advisors Inc. now owns 522 shares of the utilities supplier’s inventory value $37,000 after buying an extra 508 shares through the interval. Lastly, Richardson Monetary Providers Inc. purchased a brand new stake in Southern within the fourth quarter value roughly $39,000. 64.10% of the inventory is presently owned by institutional traders and hedge funds.
Analyst Rankings Modifications
Quite a few analysis companies lately issued reviews on SO. BMO Capital Markets boosted their goal worth on shares of Southern from $87.00 to $94.00 and gave the corporate an “outperform” score in a analysis report on Friday, August 2nd. Scotiabank elevated their worth goal on shares of Southern from $87.00 to $96.00 and gave the inventory a “sector outperform” score in a analysis report on Tuesday, August twentieth. Wells Fargo & Firm raised their goal worth on Southern from $77.00 to $89.00 and gave the corporate an “equal weight” score in a analysis notice on Friday, August 2nd. Jefferies Monetary Group assumed protection on Southern in a analysis notice on Friday, September twentieth. They set a “maintain” score and a $94.00 worth goal on the inventory. Lastly, Morgan Stanley boosted their worth goal on Southern from $78.00 to $82.00 and gave the corporate an “equal weight” score in a report on Wednesday, September twenty fifth. One equities analysis analyst has rated the inventory with a promote score, 9 have issued a maintain score and 7 have issued a purchase score to the corporate. In keeping with information from MarketBeat.com, Southern presently has a mean score of “Maintain” and a mean goal worth of $88.27.
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Insider Transactions at Southern
In different information, EVP Sterling A. Jr. Spainhour offered 2,380 shares of the enterprise’s inventory in a transaction dated Monday, August fifth. The inventory was offered at a mean worth of $88.99, for a complete worth of $211,796.20. Following the completion of the sale, the manager vice chairman now owns 12,500 shares of the corporate’s inventory, valued at roughly $1,112,375. The commerce was a 0.00 % lower of their place. The transaction was disclosed in a authorized submitting with the SEC, which is accessible by means of this hyperlink. In associated information, EVP Bryan D. Anderson offered 6,565 shares of the enterprise’s inventory in a transaction dated Friday, September sixth. The inventory was offered at a mean worth of $89.54, for a complete transaction of $587,830.10. Following the transaction, the manager vice chairman now owns 44,467 shares within the firm, valued at $3,981,575.18. The commerce was a 0.00 % lower of their place. The sale was disclosed in a doc filed with the Securities & Trade Fee, which is accessible at this hyperlink. Additionally, EVP Sterling A. Jr. Spainhour offered 2,380 shares of the inventory in a transaction that occurred on Monday, August fifth. The inventory was offered at a mean worth of $88.99, for a complete worth of $211,796.20. Following the completion of the sale, the manager vice chairman 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 disclosure for this sale will be discovered right here. Firm insiders personal 0.18% of the corporate’s inventory.
Southern Worth Efficiency
SO traded down $0.39 on Friday, reaching $90.31. The corporate had a buying and selling quantity of three,432,324 shares, in comparison with its common quantity of 4,608,267. The Southern Firm has a 52-week low of $62.26 and a 52-week excessive of $91.86. The corporate has a market cap of $98.75 billion, a price-to-earnings ratio of 23.34, a P/E/G ratio of three.28 and a beta of 0.52. The corporate has a debt-to-equity ratio of 1.66, a fast ratio of 0.66 and a present ratio of 0.91. The enterprise has a 50 day easy shifting common of $87.94 and a 200 day easy shifting common of $80.34.
Southern (NYSE:SO – Get Free Report) final posted its quarterly earnings information on Thursday, August 1st. The utilities supplier reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.19. The corporate had income of $6.46 billion through the quarter, in comparison with the consensus estimate of $6.10 billion. Southern had a web margin of 17.67% and a return on fairness of 12.88%. The agency’s income was up 12.4% in comparison with the identical quarter final yr. Throughout the identical interval within the earlier yr, the agency posted $0.79 EPS. As a gaggle, sell-side analysts anticipate that The Southern Firm will put up 4.02 EPS for the present yr.
Southern Dividend Announcement
The agency additionally lately declared a quarterly dividend, which was paid on Friday, September sixth. Shareholders of file on Monday, August nineteenth had been paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of three.19%. The ex-dividend date was Monday, August nineteenth. Southern’s dividend payout ratio (DPR) is presently 74.42%.
Southern Profile
The Southern Firm, by means of its subsidiaries, engages within the era, transmission, and distribution of electrical energy. The corporate additionally develops, constructs, acquires, owns, and manages energy era property, together with renewable power tasks and sells electrical energy within the wholesale market; and distributes pure gasoline in Illinois, Georgia, Virginia, and Tennessee, in addition to offers gasoline advertising providers, gasoline distribution operations, and gasoline pipeline investments operations.
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