Kingsview Wealth Management LLC Has $3.73 Million Holdings in Southern Company (The) $SO

Kingsview Wealth Management LLC decreased its stake in Southern Company (The) (NYSE:SO) by 63.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 39,392 shares of the utilities provider’s stock after selling 68,834 shares during the period. Kingsview Wealth Management LLC’s holdings in Southern were worth $3,733,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Donaldson Capital Management LLC raised its position in shares of Southern by 2,785.8% during the 3rd quarter. Donaldson Capital Management LLC now owns 563,027 shares of the utilities provider’s stock valued at $53,358,000 after acquiring an additional 543,517 shares during the last quarter. Matrix Trust Co acquired a new stake in shares of Southern during the third quarter worth $1,813,000. Y Intercept Hong Kong Ltd bought a new stake in Southern in the third quarter valued at about $4,852,000. Alpha Cubed Investments LLC lifted its stake in Southern by 23.6% in the second quarter. Alpha Cubed Investments LLC now owns 7,145 shares of the utilities provider’s stock valued at $656,000 after buying an additional 1,366 shares during the period. Finally, Shelton Capital Management boosted its holdings in Southern by 700.6% during the second quarter. Shelton Capital Management now owns 161,618 shares of the utilities provider’s stock worth $14,841,000 after buying an additional 141,430 shares during the last quarter. 64.10% of the stock is currently owned by institutional investors and hedge funds.

Southern Trading Down 0.3%

SO opened at $96.92 on Wednesday. The stock has a market capitalization of $106.72 billion, a P/E ratio of 24.66, a P/E/G ratio of 2.94 and a beta of 0.44. The company has a current ratio of 0.65, a quick ratio of 0.47 and a debt-to-equity ratio of 1.69. Southern Company has a 12 month low of $83.09 and a 12 month high of $100.83. The firm’s fifty day simple moving average is $90.19 and its 200 day simple moving average is $91.37.

Southern (NYSE:SO) last released its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.01). The firm had revenue of $6.98 billion during the quarter, compared to analyst estimates of $6.41 billion. Southern had a net margin of 14.69% and a return on equity of 12.52%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.50 EPS. As a group, research analysts anticipate that Southern Company will post 4.29 EPS for the current fiscal year.

Southern Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Tuesday, February 17th will be paid a $0.74 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $2.96 annualized dividend and a yield of 3.1%. Southern’s payout ratio is presently 75.32%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SO shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Southern in a research report on Wednesday, January 21st. Wells Fargo & Company set a $96.00 target price on shares of Southern and gave the stock an “equal weight” rating in a report on Friday, February 20th. UBS Group lowered their price objective on shares of Southern from $98.00 to $94.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. TD Cowen reiterated a “buy” rating on shares of Southern in a report on Thursday, December 11th. Finally, JPMorgan Chase & Co. decreased their target price on Southern from $104.00 to $93.00 and set a “neutral” rating for the company in a research note on Monday, December 15th. Five investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Southern presently has an average rating of “Hold” and an average price target of $97.64.

Southern Company Profile

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.